Today's Top Story
China's 1st domestically made passenger plane completes maiden commercial flight
China’s first domestically made passenger jet has flown its maiden commercial flight, as China looks to compete with industry giants such as Boeing and Airbus in the global aircraft market Read More
Business News
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Takeaways on debt ceiling: McCarthy's balancing act, Biden's choice and the challenges ahead
After weeks of negotiations, President Joe Biden and House Speaker Kevin McCarthy have struck an agreement to avert a potentially devastating government default
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Spanish prime minister calls early general election after battering in regional vote
Spanish Prime Minister Pedro Sánchez has called an early general election for July 23 in a surprise move after his Socialist party took a serious battering in local and regional elections
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Debt ceiling agreement gets thumbs up from business groups, jeers from some on political right
The reviews are starting to come in about the debt ceiling agreement reached by President Joe Biden and House Speaker Kevin McCarthy
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Economic News
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Nigeria’s Bola Tinubu sworn in as president amid hopes and skepticism
The new president of Nigeria has taken over the reins of power
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Stock market today: Markets mostly higher after Biden-McCarthy deal on US debt
World shares are mostly higher after President Joe Biden and House Speaker Kevin McCarthy reached a final agreement on a deal to raise the U.S. national debt ceiling
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As Turkey heads to runoff presidential race, domestic issues loom large
Turkish President Recep Tayyip Erdogan, who has parlayed his country’s NATO membership and location straddling Europe and the Middle East into international influence, is favored to win reelection in a presidential runoff Sunday, despite a host of domestic issues
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Money News
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Meta sells Giphy for $53M to Shutterstock after UK blocked GIF platform purchase
Shutterstock said Tuesday it’s buying Giphy from Meta Platforms for $53 million, in the final step to unwind the deal blocked by British regulators, who prevented the Facebook owner from purchasing the GIF-sharing platform over competition concerns
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Street traders offer a better bargain than stores as Zimbabwe's currency crumbles
Shoppers in Zimbabwe are increasingly turning to street traders to buy what they need as the local currency plunges in value against the U.S. dollar
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The average long-term US mortgage rate rose to 6.39% this week, Freddie Mac says
The average long-term U.S. mortgage rate edged higher this week after a two-week drop, a modest move in line with a mostly moderate shift in home loan rates in recent weeks
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