A savage first-quarter earnings report from First Republic Bank is rekindling worries about the banking sector at the same time that fears about whether Democrats and Republicans can agree to raise the U.S. debt ceiling to keep the country solvent are rattling markets. After getting bailed out by a consortium of U.S. megabanks in March...
Japanese company ispace was set to make history Tuesday, becoming the first company to successfully deliver a commercially developed spacecraft to the lunar surface. That dream ended prematurely, as the company's founder announced that they’d lost communications with the craft right before its scheduled landing, most likely signaling a loss of the spacecraft. "We have to assume that...
Consumer confidence fell to a 9-month low in April amid fears of a looming recession, according to a survey released by the Conference Board Tuesday. The business group’s closely watched consumer confidence index fell for the third time in four months and reached its lowest level since July 2022. The index fell from 104 in...
Sen. Jon Tester (D-Mont.) on Tuesday announced he is blocking all of the Biden administration’s nominees to serve on Amtrak’s board of directors due to the lack of representation for Western states. Tester made the announcement in a video on social media, noting that five of the nominees are from the Northeast corridor and none...
Newly announced limits on visas for foreign nurses threatens to further a staffing strain on hospitals, nursing homes and other major health employers. The State Department in its May Visa Bulletin announced that nearly all the available green card slots that nurses are eligible for had been filled. Only people who applied prior to June...
White House Press Secretary Karine Jean-Pierre is giving a daily briefing Tuesday afternoon, after President Biden officially launched his reelection bid with a video released in the morning. Biden pitched continuing the course on his economic agenda at his first official campaign speech at the Washington Hilton Tuesday afternoon. The White House and congressional allies...