Some Apple employees have become disillusioned with the group's culture, where some have thrived while others feel sidelined.Technologyread more
Biden has shown staying power at the top of a jammed Democratic field even as polling numbers for Sanders, Warren and Harris wax and wane.2020 Electionsread more
The FDIC on Tuesday votes to approve a five-agency revision of the post-crisis regulation known as the Volcker Rule.Financeread more
The yield curve is the only economic indicator pointing to a recession, according to Credit Suisse.Marketsread more
Stocks slipped on Tuesday as investors digested a sharp rebound from a strong sell-off last week.US Marketsread more
With the official launch of the Apple Card, Goldman Sachs has embarked on a multi-decade journey to becoming a leader in consumer banking, CEO David Solomon said.Financeread more
For investors still haunted by last week's monster sell-off, the market's comeback is set to last, according to J.P. Morgan's quant guru.Marketsread more
The move comes as Facebook continues to grapple with its privacy practices and lawmakers' scrutiny over how it uses personal data to display ads. But it will probably won't...Technologyread more
An under-the-radar hedge fund is ruling the industry with a nearly 30% return this year on its long positions, and it's more than doubling its bet on gold.Marketsread more
The Apple Card is more secure because users get a one-time-use number in the Wallet app, says the president of Mastercard's North American operations.Technologyread more
The revelation by the FDA earlier this month that Novartis not only relied on manipulated data in a drug's application, but did so knowingly, has put pressure on its CEO Vas...Biotech and Pharmaceuticalsread more
The Australian government has hiked its debt borrowing limit by two-thirds in a bid to alleviate concerns over a fiscal crisis.
The moves comes just after the U.S. Congress thrashed out a last-minute deal to raise its $17 trillion debt limit last week, following a 16-day partial government shutdown and fears that the world's largest economy could default on its debt.
According to an official statement from Australian Treasurer Joe Hockey, the government was likely to meet its AUD $300 billion (US $292 billion) debt ceiling in December, with peak debt on track to exceed AUD $400 billion (US $389 billion).
To allow for this rise in debt, and with the objective of having a AUD $40-60 billion buffer to protect against any unanticipated events with a fiscal impact, the Commonwealth Government debt limit will be hiked to AUD $500 billion (US $487 billion), he said.
Hockey said the move was designed to avoid U.S.-style debt ceiling crisis.
(Read more: Yoshikami: The DC drama is just beginning)
"We need not look any further than the recent events in the United States to realize how imperative stability and certainty is for confidence," read his statement.
"The debt limit needs to be set so as to provide sufficient headroom to ensure there is stability and certainty for the financial markets about the government's capacity to finance its operations for the foreseeable future," he added.
(Read more: A rally down under: Are Aussie stocks unstoppable?)
The development attracted attention on social media site Twitter, as commentators contrasted Australia's relatively small debt ceiling with the U.S.'s $17 trillion debt pile.
Some tweeters even referred to the debt limit as 'adorable.'
Australia's government debt enjoys a triple-A credit rating, and its bonds are often viewed as one of the safest investments worldwide.
—By CNBC's Katie Holliday: Follow her on Twitter