U. S. Treasury Secretary Janet Yellen warned U. S. lawmakers that the federal government may run out of cash by 18 October, unless the US Congress suspends debt limits. Some politicians speculated that one potential way out is to mint a $1 trillion platinum coin and then deposit it with …

Working gas in storage was 3,288 Bcf as of Friday, October 1, 2021, according to EIA estimates. This represents a net increase of 118 Bcf from the previous week. Stocks were 532 Bcf less than last year at this time and 176 Bcf below the five year average of 3,464 …

The U.S. Senate on Thursday took a step to pass a $480 billion increase in Treasury Department borrowing authority, a move that would turn aside a catastrophic debt default later this month but setting the scene for another potential showdown in December.That vote, expected Saturday, could come sooner if all …

326,000 people who recently lost their jobs applied for unemployment benefits in early October, marking the first decline in a month signaling improvement in the U.S. labor market. The U. S. dollar hardly moved against a basket of currencies on Thursday, as investors await the release of U.S. labor market …

4.2 million Americans still receive benefits. New jobless claims have fallen for the first time in nearly one month, according to new data released Thursday, offering some break to the U. S. economy after previous worrisome data.About 326,000 people filed initial jobless claims in the week ending on 2 October …

U.S. stock futures slightly surged higher Wednesday night after the Dow Jones Industrial Average reclaimed a 459-point loss from earlier hours of the trading session as investor concerns on a debt ceiling deal eased.Dow Jones Industrial Average futures rose 42 points, or 0.1%. S&P 500 and Nasdaq 100 futures climbed …

A House Democrat on Wednesday called for a long term solution to the deadlock over avoiding a debt default later this month by taking away the debt ceiling authority from the Congress altogether to prevent parties from playing with political fire around the debt limit.Rep. Brendan Boyle along with House …

After reaching a daily low at 0.7225, the AUD/USD pair was able to trim some of its losses, stills down by 0.22%, is trading at 0.7275 during the New York session.Market sentiment struck the Asian and the European session amid surging energy prices and worldwide higher yields, these factors ignited …

Official figures showed Wednesday that Factory orders in Germany declined by 7.7% in August compared with the previous month, this development was led by much lower demand from countries outside the Eurozone. The drop in orders, a leading indicator for Europe’s biggest economy, followed month on month gains of 4.6% …

Bank of America is now paying its U.S. workforce at least $21 an hour; nearly three times the federal minimum wage of $7.25, which has not moved in 10 years even though a majority of Americans support an increase.The pay hike announced by the nation’s second-biggest bank on Wednesday follows …