Bitcoin (BTC) fell below $28,000 during U.S. trading hours on Tuesday but then steadied as investors monitored progress on a debt ceiling deal, wh…
debt
The S&P 500 plunged 12% in three weeks when the US government narrowly avoided defaulting on its debt repayments in 2011.
Here are the most important news items that investors need to start their trading day.
The Nasdaq Composite surged after Nvidia posted stellar quarterly results and gave investors even more to hope for with strong guidance.
Wall Street is taking a no-worries attitude about the ticking time bomb in Washington that threatens to blow up the world economy. That might be a problem.
President Joe Biden and House Speaker Kevin McCarthy both said Tuesday that they did not see a default happening.
The United States government is inching closer to its so-called debt ceiling X-date, when the Treasury could run out of cash and extraordinary measures to pay all government obligations, and both political parties remain at odds with no concrete solution to avoid a default.
BlackRock, JPMorgan, and Morgan Stanley all warned of heightened volatility Monday as the standoff in Washington continued.
Treasury Secretary Janet Yellen said she sees progress being made in deliberations about raising the debt ceiling.
Congress and the White House barrel toward a June 1 deadline to resolve a debate over the debt ceiling, putting the credit and trust of the United States on the line.