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Shares in US tech firm jump by 25% in early trading as quarterly revenue forecast excites investorsThe value of the US tech company Nvidia has soared by a quarter after it predicted a boom in demand for its computer chips to meet the needs of artificia…
Democrats and Republicans continue to trade pointed remarks, underscoring that agreement is not in reach to avoid defaultLawmakers exchanged sharp criticism about who was to blame for the protracted standoff over the debt ceiling on Wednesday.As the co…
GOP attempt to add work requirements to safety net programs such as Medicaid and Snap could harm families already strugglingAs debt ceiling negotiations come down to the wire with the 1 June deadline looming, some Republican leaders seem determined to …
Florida governor took swipes at the media and NAACP during trouble-plagued announcement Full report: DeSantis confirms he is running for Republican nominationWith the executive and legislative branches locked in a standoff over raising the debt ceiling…
A Sunday night phone call between the president and Republican House speaker was reported to have struck a more positive toneUS president Joe Biden and House Republican speaker Kevin McCarthy have held a “productive” phone call on the continued impasse…
Special counsel also concludes no charges should be brought against the FBI The Guardian’s Alexandra Villarreal has more on just how Joe Biden is trying to discourage migrants, and why advocacy groups say in this area, he’s not that different from Dona…
Annual rate has fallen sharply since hitting 40-year high last June but prices are still rising at a rate over twice the Fed’s targetThe price of goods and services in the US remained stubbornly high in April, rising 4.9.% from a year ago, the labor de…
April broke downward trend in growth of labor market, which has been slowing over the last few monthsUS employers added 253,000 jobs in April, a sign that resilient jobs market remains robust even after a year of Federal Reserve interest rate rises.Lab…
Regulators step in after PacWest and Western Alliance shares plunge as investors fear repeat of First Republic, SVB and Signature failuresUS banks are failing, and the authorities seem unlikely to interveneTrading in the shares of two more regional US …
Central bank announces 10th straight increaseSign up to receive First Thing – our daily briefing by emailJim Clyburn, a key Democratic House representative from South Carolina who served as House majority whip, endorsed fellow Democratic representative…