Moody’s says the banking system, private credit markets are sound despite worries over bad loans
Marc Pinto, the agency's head of global private credit, acknowledged in a CNBC interview that there are concerns over loose…
Economy
‘The tide went out’: How a string of bad loans has bank investors hunting for hidden risks
Investors are focused on a specific type of lending made by banks to non-depository financial institutions, or NDFIs, as the…
Trump commutes prison sentence of ex-GOP Rep. George Santos
Trump said he began thinking about Santos after being reminded of a controversy about Democratic Sen. Richard Blumenthal's military service…
Army Corps of Engineers pausing $11 billion in projects over shutdown, Trump budget chief says
President Donald Trump and OMB Director Russell Vought have described the government shutdown as an "opportunity" to slash the federal…
China accuses U.S. of deliberately causing panic over rare earth controls, says it is open to talks
Beijing last week announced sweeping controls on rare earths ahead of an expected meeting between President Donald Trump and President…
U.S. budget deficit edged lower in 2025 as tariffs, debt payments both saw new records
The federal government managed to escape with a $1.78 trillion shortfall, some $41 billion, or 2.2%, less than fiscal 2024.…
Tariff costs to companies this year to hit $1.2 trillion, with consumers taking most of the hit, S&P says
The firm said its estimate of additional expenses for companies is probably conservative. ...
Regional banks, Jefferies shares tank as concerns about sour loans grow on Wall Street
Fears are mounting around the health of their lending businesses. ...