Treasury Chief Janet Yellen Says U.S. Risks Default as Soon as June 1 Without Debt Ceiling Increase
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Ron DeSantis’s Oversight Board Sues Disney
The lawsuit marks the latest salvo in the escalating battle between the company and Florida Gov. Ron DeSantis. Source link
Supreme Court to Reconsider Precedent Giving Federal Agencies Benefit of Doubt
The 1984 ruling, known as the “Chevron deference,” directs courts to defer to a federal agency’s legal approach when Congress...
Republicans, Democrats Clash Over Linking Aid for Poor Americans to Work
Proposed restrictions on federal aid are among several demands Republicans are making in exchange for raising the nation’s borrowing limit....
WSJ News Exclusive | JPMorgan, PNC Submit Bids to Buy First Republic in Government-Led Sale
A winning bidder could be announced later Sunday, according to people familiar with the matter. Source link
‘The Super Mario Bros. Movie’ Becomes the First Billion-Dollar-Plus Film of 2023
The animated film is just the fifth movie since the pandemic to gross 10 figures worldwide. Source link
Hollywood Braces for Potential Writers’ Strike Spurred by Shift to Streaming
Fans of late-night TV could be the first to feel the effects of what would be the second walkout in...
GM’s Chevy Bolt Heads to Scrapyard With Mixed Legacy
General Motors Co. rolled out its Chevrolet Bolt electric vehicle in 2016 to nab a foothold in the nascent EV...
China’s Consumers Lead Recovery in April
Retail spending has come back strong, but surveys also showed a surprise contraction in factory activity in April. Source link
Chicago Restaurant That Invented Pizza Pot Pie Embroiled in Legal Battle
Amid messy ownership fight, patrons line the sidewalk to dine at the eateryChicago Pizza and Oven Grinder Co., as seen...
Republicans Effectively Voted to Raise Taxes. They’re Fine With That.
House Republicans advanced a repeal of clean-energy tax credits without offsetting tax cuts—even though most have signed a no-tax-hike pledge....
Big Tech Earnings Spark Hope That Worst Is Over
Shares rise on better-than-expected results, but growth lags behind what Microsoft, Amazon and Google did in the past. Source link
The Glory Days of the American Mall
In the 1980s, malls weren’t just planters and parking lots but a way of life. Source link
Kevin Durant Signs Lifetime Contract With Nike
The Phoenix Suns star is the third NBA player to land the rare deal, behind Michael Jordan and LeBron James....
Fed Says It Failed to Act on Problems That Led to Silicon Valley Bank Collapse
Michael Barr, the Fed’s vice chair for supervision, said supervisors didn’t fully appreciate the extent of the vulnerabilities as SVB...
In China, a Detention and a New Espionage Law Have Businesses Worried
Foreign companies are growing more concerned about the safety of their staffs and the reliability of Beijing’s pledges that China...
Gap to Conduct Layoffs, Cutting 1,800 Corporate Jobs
The cuts, which are expected to result in $300 million in annualized savings, are happening mainly at the retailer’s San...
Caterpillar Lifts Sales With Higher Prices as Demand Holds Strong
The construction-equipment maker said sales volumes rose in the first three months of the year, though services sales volumes fell....
Airlines Get Ready for Busy Summer as Travel Ramps Up
American and Southwest project a busy travel season after a winter slowdown. Southwest plans to reduce some flights this year...
GDP Report Shows Economic Growth Slowed in First Quarter
Growth slowed to 1.1% annual rate as resilient consumers faced high inflation and rising interest rates. Source link
