NEW YORK—Stocks drifted to a mixed finish Monday, as Wall Street waited for the results of a pivotal meeting meant to avoid a potentially disastrous default on the U.S. government’s debt. The S&P 500 was at a virtual standstill after flipping between small gains and losses through the day. It edged up by 0.65, or…
Stock Market Today: Wall Street Ends Mixed Ahead of Talks to Avoid US Default
Biden, McCarthy Have ‘Productive’ Meeting But No Deal Yet on Debt Ceiling
May 22, 2023
admin
Business & Marketscongresseconomic policiesExecutive BranchHouse Speaker Kevin McCarthyPolicies & ImpactsPoliticsUSUS debt ceilingUS NewsUS President Joe Biden
0 Comment
House Speaker Kevin McCarthy (R-Calif.) and President Joe Biden clearly defined their areas of disagreement over raising the debt ceiling and cutting federal spending, paving the way for negotiators from both sides to iron out a deal. Emerging from a 90-minute conversation at the White House on May 22, McCarthy described the meeting in positive…
Sydney Set for Modi Mania but Human Rights Push Grows
May 22, 2023
admin
AustraliaBusiness & MarketsIndiaIndian Prime Minister Narendra Moditrade talksvisit to AustraliaWorld
0 Comment
The Australian government is touting its strong relationship with India, but there is a growing push to raise human rights abuses with the prime minister. Indian Prime Minister Narendra Modi has touched down in Sydney for a state visit and is set to meet with Prime Minister Anthony Albanese. Asked whether human rights should be…
How Major US Stock Indexes Fared Monday
Stocks drifted to a mixed close as Wall Street waited to see whether a pivotal meeting later in the day will help the U.S. government avoid a potentially disastrous default on its debt. The S&P 500 closed little changed Monday. The Dow slipped 0.4 percent and the Nasdaq rose 0.5 percent. Big Tech was continuing…
Closing Prices for Crude Oil, Gold, and Other Commodities (May 22)
May 22, 2023
admin
Benchmark U.S. crude oilBrightBusiness & MarketsgoldGold and CommoditiesinvestingMarketspersonal finance
0 Comment
Benchmark U.S. crude oil for June delivery rose 44 cents to $71.99 a barrel Monday. Brent crude for July delivery rose 41 cents to $75.99 a barrel. Wholesale gasoline for June delivery rose 7 cents to $2.65 a gallon. June heating oil rose 1 cent to $2.37 a gallon. June natural gas fell 19 cents…
PBO Stands By Report That ‘Clean Fuel Regulations’ Will Hurt Canadian Households Financially
Despite fierce criticism from the Liberals, the Parliamentary Budget Officer (PBO) stands by his analysis of the government’s Clean Fuel Regulations (CFR), which finds that Canada’s lower-income households will bear a greater burden in terms of disposable income due to the increased costs associated with the policy. The CFR aims to reduce carbon emissions from fossil…
Newly Appointed Twitter CEO Responds to Meta’s Plan to Launch Clone Rival
Newly appointed Twitter CEO Linda Yaccarino shared her first response to the planned Twitter clone app reportedly in development at Meta that will be integrated with Instagram. “Game on!” Yaccarino said in a May 22 tweet while responding to an article about Instagram developing a Twitter clone. The news was first reported by Moneycontrol. “We’re…
Fed’s Kashkari Open to Holding Rates Steady at Next Policy Meeting in June
May 22, 2023
admin
Business & Marketseconomic policieseconomyFederal Open Market Committee (FOMC)inflationinterest ratesMarketsNeel KashkarirecessionU.S. InflationUS
0 Comment
Minneapolis Fed President Neel Kashkari, a member of the central bank’s rate-setting monetary policy committee, is open to pausing interest rates at the next policy meeting in June. He told the Wall Street Journal on May 21 that members of the Federal Open Market Committee (FOMC) need more time to assess the results of previous rate increases…
Delinquency Rates Inching Higher as Inflation, Interest Rates Hit Consumers
New data show that delinquency rates are rising across the U.S. marketplace as consumers contend with high inflation, real negative wage growth, and rising interest rates. According to the Federal Reserve Bank of New York’s (FRBNY) Household Debt and Credit Report, the overall flow into serious delinquency rate (90 days or more delinquent) rose to…
Data Violations: Irish Regulator Slaps Meta With $1.3 Billion Fine
May 22, 2023
admin
Business & MarketsCompaniesdata transfer lawsEuropeGDPR data protection lawsmeta finesUSUS NewsWorld
0 Comment
Meta has been fined 1.2 billion euros ($1.3 billion) by an Irish regulator for violating data transfer rules—the largest fine imposed under European Union’s privacy laws. The fine was imposed by Ireland’s Data Protection Commission (DPC) after Meta was found to have violated the EU’s GDPR data protection laws by continuing to transfer personal data…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta