California’s groundbreaking reparations task force is set to disband at the end of the month when it submits its final report to the legislature, but task-force member Reggie Jones-Sawyer’s work on its behalf will continue into next year. That’s when the state assemblyman and his fellow task-force member State Sen.…

Democrats in the House and Senate pushed a new bill Friday that would overhaul the debt-ceiling process, the Wall Street Journal reported. The move was timed to capitalize on anxiety over what has become regular brinkmanship using the country’s borrowing limit to try to push other agendas. Backers of the new…

© Reuters. FILE PHOTO: Customers wait outside as an employee enters the Silicon Valley Bank branch office in downtown San Francisco, California, U.S., March 13, 2023. REUTERS/Kori Suzuki/File Photo (Reuters) -The U.S. banking regulator is seeking bids for the sale of collapsed Silicon Valley Bank’s German assets, according to a…

Investing.com — Oil prices climbed higher Thursday, bouncing after the previous session’s plunge, helped by substantial demand from Chinese refineries as well as more stimulus from the country’s central bank. By 09:00 ET (13:00 GMT), futures traded 1% higher at $68.92 a barrel, while the contract rose 1% to $73.91…

SHANGHAI (Reuters) – Global investment houses have rushed to downgrade forecasts for the after it weakened past the closely watched 7 per dollar level, pressured by widening yield differentials with the United States and signs that Beijing is ready to roll out more stimulus to support a bumpy post-COVID economic…

By Kevin Yao BEIJING (Reuters) -China will roll out more stimulus to support a slowing economy this year, but concerns over debt and capital flight will keep measures targeted at shoring up weak demand in the consumer and private sectors, sources involved in policy discussions said. The world’s second-largest economy…

Fashion retailer Next’s share price surged on Monday after the firm released an unscheduled trading update. The company was last 4.8% higher in start-of-week trading, at £67.48 per share, and leading the FTSE 100 northwards. Next declared that “trading in the last seven weeks has been materially better than the…

Key takeaways The Fed paused interest rate hikes for the first time in nearly a year last week, giving hope mortgage interest rates might fall Spring selling season saw record lows of homes for sale across U.S. The median national sale price of a home has fallen 1.7% in April…

Student loan borrowers have a lot to juggle right now. The student loan pause is ending soon, and millions of borrowers will be returning to repayment for the first time in over three years. Meanwhile, the Supreme Court is about to rule on President Joe Biden’s sweeping student loan forgiveness…

For more than three years, federal student loan borrowers have not had to make monthly payments. But that pandemic-era pause is coming to an end this fall, setting up a financial shock for millions of Americans – and the big-name stores where they shop.  About 44 million borrowers in the…