Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
Asia Pacific markets traded mixed on Friday morning as investors remained worried over trade tensions between the United States and China.Asia Marketsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
Stocks fell sharply on Thursday as investors started to fear the U.S.-China trade war is slowing the economy.Marketsread more
"The last thing I want is to put a date out there for lifting the grounding," said Dan Elwell, acting administrator for the FAA.Transportationread more
The charges allege he published secret documents obtained by former Army intelligence analyst Chelsea Manning, some of which included the disclosure of foreigners who were...Politicsread more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
See which stocks are posting big moves after the bell on Thursday, May 23.Market Insiderread more
Sentiment is "not negative enough to trigger a huge rally ... unless we get some kind of real breakthrough with China," Jim Cramer says.Mad Money with Jim Cramerread more
The shutdown debacle was watched from abroad with some surprise mixed with a portion of glee. In essence the world looked at it as a curiosity of American political life. Some were angered by it, as major lines of communication froze, governments from Europe, Asia, Africa or Australia were unable to reach their counterparts, do business. Visits were canceled, negotiations stalled. Hundreds of thousands of foreign tourists were unable to visit museums and government-operated sites, such as parks. This harmed America's soft power in the world, but all in all the shutdown is viewed as an American nuisance that will blow over and the world will be back to normal.
However, the failure to agree on the increase in the debt ceiling is not normal, but historic. It could be a major economic and political disaster of proportions never seen before that would be a huge blow to America's superpower status. It is difficult to imagine the immediate and long-term economic and political impact, and its effect on America's reputation and influence globally. America will recover sooner or later, but do not underestimate the lasting consequences.