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A top Fed official on Monday warned that failing to raise the US debt ceiling would have catastrophic consequences, hours before Republicans in the Senate were set to block a bill that would increase the borrowing limit and stave off a government shutdown. John Williams, president of the Federal Reserve Bank of New York, said the

Do Vanguard ETFs Pay Dividends? Most Vanguard exchange-traded funds (ETFs) pay dividends on a regular basis, typically once a quarter or year. Vanguard ETFs specialize in one specific area within stocks or the fixed-income realm. Vanguard fund investments in stocks or bonds typically pay dividends or interest, which Vanguard distributes back to its shareholders in

Facebook has suspended plans to launch Instagram Kids, a version of its photo-sharing app for children under the age of 13, as criticism of the project gathered momentum in Washington. Adam Mosseri, who runs the Facebook-owned app, denied that the decision to “pause” development work on Instagram Kids was an admission that the concept was

Eric Rosengren said on Monday he would step down as president of the Boston branch of the Federal Reserve this week due to health issues, just weeks after his trading activity prompted the central bank to launch an ethics review. Rosengren, who joined the Boston Fed more than three decades ago and has led the

eBay vs. Amazon: An Overview Whether you list things while at home in your pajamas, have money sent directly to you, or drop packages off in the mail, using eBay or Amazon is easier than the yard sales of yesteryear. But which major e-commerce site is best? It might help to understand how each of

The left-of-centre Social Democrats won a narrow victory in Germany’s election, as the centre-right CDU/CSU of outgoing chancellor Angela Merkel plunged to a historic low. The SPD’s candidate for chancellor, finance minister Olaf Scholz, said he now had won a mandate to form Germany’s next government. He will likely seek to form a coalition with

The trillions of dollars that have flooded into passive funds in recent years have inflated valuations, radically reshaping the US stock market and insulating it from the threat of a sustained bear market, research has claimed. Vincent Deluard, global macro strategist at brokerage StoneX, argued that the unprecedented flows have led to structurally higher stock

Many employers provide group term life insurance as a benefit for their employees. Some employers also make it available to the employee’s spouse and dependents. If you’re covered by a group policy at your job, then it’s important to understand how it works and whether your employer’s coverage is enough. Key Takeaways: Group term life

Campaigning in Germany’s federal election, it often seemed as if Armin Laschet could do nothing right. Even when he cast his vote on Sunday morning, the conservative candidate to succeed Angela Merkel inadvertently folded it the wrong way, exposing his choice to the world and potentially invalidating it. Election officials decided it should be counted.

The government is planning to cut the earnings threshold at which graduates begin repaying student loans in a bid to save the Treasury money and push more young people towards cheaper vocational education. Chancellor Rishi Sunak wants to overhaul student financing in his spending review ahead of next month’s Budget, reflecting Treasury concerns that the

Small business contract discrimination refers to the notable disparity in the number of government contracts that go to minority- and women-owned businesses when compared to other small businesses. Government contracts represent a significant source of income for small businesses. The U.S. government has made it a priority to send federal contracts to small businesses since

Tesla CEO Elon Musk gestures as he visits the construction site of Tesla’s Gigafactory in Gruenheide near Berlin, Germany, August 13, 2021. Patrick Pleul | Reuters Though the market has been volatile, analysts are spotting opportunities for upside among select companies. Tipranks is able to cut through the market noise by aggregating data to show

The UK government’s ambition to fuel a post-Covid “investment Big Bang” with billions of pounds of pension money risks petering out after retirement funds balked at Downing Street’s call to plough more cash into projects. With the public finances strained by the pandemic, the prime minister and chancellor last month challenged UK pension funds and

The EU’s “green deal” is about more than saving the planet. It is a stab at hegemony. European leaders sense that the decarbonisation agenda will force fundamental reform on the world’s economies, and want Europe to be at the front of that technological and policy revolution. The EU’s desire to be the global green champion reflects

Mexico is a classic example of a two-sided economy. While one part shines bright with a trillion-dollar gross domestic product, the other is gripped in darkness with more than 50% of its population living below the poverty line. Mexico has the second highest degree of socioeconomic disparity amongst the 34 member nations of the Organisation

As a senior officer in Afghanistan’s former national intelligence services, Feroz worked for years with US and Nato forces, tracking Taliban activities and planning military action. The night the Taliban took Kabul, fighters came to his house to hunt him down; he evaded capture because he was sheltering with a friend. Yet despite his deep

This is the first part of an FT series asking whether Boris Johnson is pursuing reforms that will change the face of Britain. Follow UK politics & policy with myFT to be alerted when new articles are published. It was billed as the great reveal. After two years in which his premiership had been almost entirely consumed

Although it may still be in its infancy, the potential for growth in the legal marijuana sector has many investors and taking notice. Funding platforms with the goal of supporting marijuana-related startups are on the rise, and many of them have Silicon Valley veterans at the helm. Among the primary factors now attracting investors to the still-fledgling cannabis

Business leaders have warned that the British government’s plan to issue 10,500 temporary visas to lorry drivers and agricultural workers to tackle labour shortages does not go far enough to fix the crisis. The Department for Transport announced a package of measures on Saturday night designed to tackle a widespread shortage of lorry drivers caused

US president Joe Biden and congressional Democrats are gearing up for a frantic dash to pass their multitrillion dollar economic agenda, avert a debt default, and salvage their worsening prospects in the 2022 midterm elections. Eight months after he entered the White House, Biden must overcome a series of hurdles in the coming weeks if

Speculation vs. Gambling: An Overview Speculation and gambling are two different actions used to increase wealth under conditions of risk or uncertainty. However, these two terms are very different in the world of investing. Gambling refers to wagering money in an event that has an uncertain outcome in hopes of winning more money, whereas speculation

Keir Starmer is set to water down proposals to change Labour’s “one member one vote” system for electing leaders after running into internal opposition. But the Labour leader is still seeking to raise the number of MP nominations required by leadership candidates in a move that is likely to be opposed by the leftwing of

In more than 30 years in the retail business, said Ken Giddon, “I have never seen anything like this before.” Rothmans, the men’s clothing business he runs with his brother, not only survived the pandemic but is expanding from three New York outlets to four. Having found a competitive deal on a new location, everything is

Tesla, Inc. (TSLA) is a U.S. automotive and energy company based in Palo Alto, California. The company manufactures electric cars and solar panels as well as batteries and aeronautics. An SEC lawsuit heightened Tesla’s visibility in late 2018. The lawsuit alleged that Tesla’s CEO Elon Musk made “false and misleading statements” on Twitter about the possibility of taking

A bitcoin sign with a graph pictured in the background. STR | NurPhoto via Getty Images I’ve noted in past commentaries that sovereign nations have the power to regulate and eliminate any competitor to their own currencies. One country took that step on Friday. China’s central bank has just made all cryptocurrency-related activities illegal. The

In March 2012, Andrew Left, a short-seller based in the US, received a mysterious package with no return address. Inside, a 68-page document made explosive claims about a Chinese property developer that was then little-known outside of its home market. Left’s subsequent report on Hong Kong-listed Evergrande Real Estate Group, which alleged it was “insolvent”

Joyce Carol Oates, 83, published her first book of short stories, By the North Gate, in 1963. She has since written novels, stories, essays, plays and memoirs. What was your childhood or earliest ambition?Growing up on a small farm in western New York State in the 1950s, I would have had not the slightest idea

So you want to join the military. Whether you feel called to serve your country, service runs in the family, or you are largely drawn by the many potential benefits of joining up, deciding how to participate is a major decision. Besides which branch to serve in, you can choose to be on active duty

Vlad Tenev, CEO and Co-Founder of Robinhood, in his office on July 15, 2021 in Menlo Park, California. Kimberly White | Getty Images Entertainment | Getty Images Robinhood executives had a lot to talk about the week Reddit users were driving a historic short squeeze in GameStop. New documents in a lawsuit allegedly show internal

US prosecutors have struck a deal with Meng Wanzhou, the chief financial officer of Huawei, to resolve fraud charges against her in a deal that paves the way for her release from detention in Vancouver. The deferred prosecution agreement, which could ease tensions between China and both the US and Canada, was announced during a