House Republicans voted Friday in a secret ballot against keeping Rep. Jim Jordan as their nominee for speaker, and they planned to determine a new nominee next week. The Ohio congressman had been facing resistance in his bid to become speaker, with the number of fellow Republicans voting against him…

By Pete Schroeder WASHINGTON (Reuters) -The chance for persistent inflation to keep interest rates higher and potential losses in the commercial real estate market are among the top concerns of respondents to a Federal Reserve survey on financial stability, the U.S. central bank said on Friday. The latest version of…

A Federal Reserve survey of financial stability risks released Friday showed growing concerns of persistent inflation and the potential for real estate losses. Inflation and real estate were the two most frequently cited topics among participants in the survey, conducted bi-annually by the central bank. The Fed interviews researchers, academics…

The Federal Reserve’s bi-annual survey, published on Friday, revealed escalating concerns about persistent inflation and potential real estate losses. This sentiment was shared by 75% of respondents, marking a significant increase from the previous figure of 50%. The survey also flagged risks associated with the resurgence of stress in the…

The numbers: The federal budget deficit for fiscal year 2023 was $1.7 trillion, up $320 billion, or 23%, from a year ago, as the government’s revenues and spending both fell. The fiscal year ended on Sept. 30. Key details: Revenues fell 9%, or $457 billion, in 2023, the Treasury Department…

By Jaiveer Shekhawat and Niket Nishant (Reuters) -Shares of mid-sized U.S. banks fell on Friday after a string of earnings reports heightened investor concerns that the boost to lenders from the Federal Reserve’s interest rate hikes was tapering off. Regions Financial (NYSE:) shares plummeted over 12% to $14.44 after missing…

(Reuters) – S&P Global is the first among the “big three” rating agencies to upgrade Greece to investment grade since the country’s debt crisis in 2010. It raised late on Friday the country’s local and foreign currency long-term issuer ratings to ‘BBB-/A-3’, with a stable outlook, citing stronger budgetary position.…

Rep. Jim Jordan hit resistance on Tuesday in his effort to become the next speaker of the U.S. House of Representatives, as the Ohio congressman failed to score the support of enough fellow Republicans in an initial round of voting. A second round of voting is now planned for Wednesday,…

By Lewis Krauskopf NEW YORK (Reuters) – Growing volatility in U.S. stocks is driving a search for defensive assets, though investors may have fewer places to hide this time around. Wall Street’s most closely-watched measure of investor nervousness, the Cboe Volatility Index, on Friday hit its highest in nearly seven…

As Israel’s war against Hamas enters its second week, U.S. lawmakers are weighing new policies that could help starve the organization of the resources it needs to carry out its attacks.A bipartisan group of 102 lawmakers sent a letter Tuesday to Jake Sullivan, President Joe Biden’s national security advisor and…