Articles

The U.S. budget deficit is projected to hit $1.92 trillion this year, up from $1.69 trillion in 2023, according to updated projections from the Congressional Budget Office released Tuesday.

Citigroup’s investment banking unit is being driven by better mergers and acquisitions activity as well as capital-raising.

Rents aren’t growing as fast as they once were, but they’re stuck at a level where many people can’t afford them.

A wave of illegal border crossings in recent years has sparked heated debate over U.S. immigration policy, but official estimates suggest the surge in migration over the U.S.-Mexico has done wonders for the federal budget outlook.

Bitcoin has fallen below its 50-day average of around $65,800, an important support level, signaling a potential correction of 8% to 12%, according to analysts at CryptoQuant. The coin may decline toward $60,000, the analysts noted.

Learn about each of the top 10 megadonors in the current election cycle.

The next global pandemic is likely to be far worse than the COVID-19 crisis for one tragic reason, according to the infectious-disease expert who was the face of the U.S. government’s public-health response to the pandemic.

Nvidia’s blistering rise through the ranks of the largest U.S. companies is set to culminate Tuesday with the chip maker taking over the title of most valuable.

St. Louis Federal Reserve Bank President Alberto Musalem, in his first speech in his new role on the economy, said it could take months or even longer for conditions to emerge that would warrant cutting interest rates.

Federal Reserve Gov. Adriana Kugler on Tuesday said “it will likely become appropriate” to cut U.S. interest rates later this year if the economy continues to slow and inflation wanes as she expects.

Richmond Federal Reserve Bank President Tom Barkin on Tuesday described the outlook for the U.S. economy as uncertain and said the Fed should keep its benchmark rate steady until a clearer picture emerges of the path of inflation and the labor market.

Hewlett Packard Enterprise, which has seen its stock lag other rival hardware-AI plays, believes its expertise in working with big corporate customers will give it an edge.