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Money-market funds own around 15% of the Treasury-bill market, according to an estimate from Goldman Sachs.Money-market funds have been luring savers with yields that can beat many bank deposit-account rates, and the resolution of the debt-ceiling drama might increase their appeal even more, experts say. These multitrillion-dollar mutual funds —…

The Biden administration on Thursday unveiled new steps to address the country’s mental-health crisis, including efforts to help schools meet the needs of a growing number of students struggling with mental-health issues.  The administration aims to smooth the process for schools to provide health services to students with Medicaid coverage,…

© Reuters. FILE PHOTO: Drone footage shows the freight train derailment in East Palestine, Ohio, U.S., February 6, 2023 in this screengrab obtained from a handout video released by the NTSB. NTSBGov/Handout via REUTERS By Clark Mindock (Reuters) – Norfolk Southern Corp (NYSE:) has asked a U.S. judge to toss…

By Ana Mano SAO PAULO (Reuters) – Revised trade accords with most of Brazil’s trade partners, including China, make it unlikely the world’s largest chicken supplier will impose a nationwide ban on exports should the virus that causes highly pathological avian influenza (HPAI) hit commercial flocks. Ricardo Santin, head of…

By Hannah Lang WASHINGTON (Reuters) – Currency markets were choppy on Tuesday as the dollar hit a 10-week high against peers and a six-month top versus the yen before retreating after Japanese officials gave their currency a nudge. Japan will closely watch currency market moves and respond “appropriately” as needed,…

By Milounee Purohit BENGALURU (Reuters) – Average home prices in Canada are set to fall around 9% this year and then rise into 2024 and beyond as buyers bet interest rates have already peaked alongside strong demand for housing, according to property analysts polled by Reuters. The Bank of Canada…

As the world’s largest companies swarm around artificial intelligence, corporate credit card and expense management startup Ramp is leveraging the technology to dive deeper into customer savings—joining a small but growing wave of fintech firms hopping on the trend for customer service, automation and more. Launched on Thursday, Ramp Intelligence…

Venture capital funding is down dramatically, but innovation is still thriving, with 19 of the companies on our eighth annual honor roll new to the list. Reported by Steven Ehrlich, Jeff Kauflin, Emily Mason, Jonathan Ponciano and Hank Tucker A s publicly traded fintech stocks remain in a slump, down…

The Dow Jones Industrial Average is mentioned these days mostly as an afterthought. Who really cares about such an old fashioned index when all the fun is being had over in the NASDAQ-100? 30 stocks that your grandfather liked when you could own all of these hot artificial intelligence names?…