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Updated: 11 hours 18 min ago

The U.S. budget deficit is projected to fall to $1 trillion in 2022.

11 hours 38 min ago
The Congressional Budget Office provided an update on the path for deficits at a moment when the Federal Reserve is trying to cool the economy to tame rapid inflation.

E. Gerald Corrigan, Who Helped Ease ’87 Stock Crash, Dies at 80

11 hours 42 min ago
As president of the Federal Reserve Bank of New York, he favored flooding the financial system with cash to restore confidence among investors.

U.S. Budget Deficit Is Projected to Fall to $1 Trillion in 2022

11 hours 50 min ago
The Congressional Budget Office provided an update on the path for deficits at a moment when the Federal Reserve is trying to cool the economy to tame rapid inflation.

Fed Minutes Show Officials Expecting to Raise Rates Three Times to Address Inflation

12 hours 29 min ago
Minutes of the Federal Reserve’s May meeting underscored the deep concern within the central bank about rapidly rising prices that have far exceeded the Fed’s target.

Gun Stocks Are Muted in Early Trading

12 hours 51 min ago
After shootings, shares in gun manufacturers tend to go up because investors figure appeals for tighter gun laws will cause a jump in sales.

F.D.A. Chief Details ‘Shocking’ Conditions at Baby Formula Plant

13 hours 43 sec ago
Agency inspectors found a leaking roof, standing water and cracked production equipment before a facility shutdown that led to major shortages.

Twitter’s Chief Tries Staying the Course as Elon Musk Upends Plans

13 hours 6 min ago
Parag Agrawal, Twitter’s chief executive, is grappling with a takeover where nobody “would want to be in those shoes.”

‘Quantum Internet’ Inches Closer With Advance in Data Teleportation

Wed, 05/25/2022 - 23:58
Scientists have improved their ability to send quantum information across distant computers — and have taken another step toward the network of the future.

Germany plans to keep coal-fired plants ready in case Russian gas is cut.

Wed, 05/25/2022 - 23:51
The power plants, due to be shut down, would be kept in reserve to provide electricity if Russia ended shipments of natural gas.

China Pushes for Regular Mass Virus Testing

Wed, 05/25/2022 - 23:41
The strategy risks increasing economic stress and trying people’s patience.

Thomas S. Murphy, Broadcasting ‘Minnow’ Who Swallowed ABC, Dies at 96

Wed, 05/25/2022 - 22:15
As the head of Capital Cities Communications, he engineered the acquisition of the TV giant. He later sold the company to Disney, at a huge profit.

Guns, Law and the Uvalde Elementary School Shooting

Wed, 05/25/2022 - 21:21
This could be the mass shooting that leads to significant change — or it could join the long list of other atrocities that have been followed by policy stalemates.

7 Million Bad Student Loans With No Way Out, for Anyone

Wed, 05/25/2022 - 14:30
The Biden administration plans to offer those with loans in default a fresh start. It would help borrowers and the government alike.

US Begins Inquiry Into Industry’s Role in Infant Formula Supply Shortages

Wed, 05/25/2022 - 04:32
The Federal Trade Commission said it would examine patterns of mergers and acquisitions to better understand how the industry became so concentrated.

Glencore Will Pay $1.1 Billion to Settle Bribery and Price-Fixing Charges

Wed, 05/25/2022 - 03:37
U.S. prosecutors said the settlement followed “a multiyear scheme to manipulate benchmarks used to set prices for oil at two of our country’s busiest ports.”

Stellantis and Samsung to Spend $2.5 Billion on an EV Battery Plant in Indiana

Wed, 05/25/2022 - 02:19
The automaker, which owns Jeep and Ram, is seeking to catch up in a global race to build electric cars and trucks.

U.S. will start blocking Russia’s bond payments to American investors.

Wed, 05/25/2022 - 01:47
The Biden administration’s escalation of sanctions could lead to Russia’s first default on foreign debt in a century.

U.S. Will Start Blocking Russia’s Bond Payments to American Investors

Wed, 05/25/2022 - 01:10
The Biden administration’s escalation of sanctions could lead to Russia’s first default on foreign debt in a century.

These Investors Are Putting $1 Billion Into Trump Media

Wed, 05/25/2022 - 00:53
A draft document contains the names of dozens of hedge funds and others behind the $1 billion private investment announced in December.

Harsh Winter Could Force Europe to Ration Gas, Global Energy Leader Warns

Wed, 05/25/2022 - 00:01
Fatih Birol, the head of the International Energy Agency, says he has been urging leaders to draw up contingency plans.

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