Debt ceiling fears push the cost of insuring against a US government default to highest level since 2008 crash

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Biden and Kevin McCarthy
US president Joe Biden and speaker of the house Kevin McCarthy.

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US house prices might slump 10% over the next 2 years as higher mortgage costs bite, Moody's economist says

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A realtor sign advertises that the price of a house has been reduced
US house prices are under pressure from higher mortgage rates and other factors.

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Credit Suisse faced a staggering $69 billion of outflows in the first quarter, an amount that eclipses UBS's market cap

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Credit Suisse and UBS.

NurPhoto

'Bond King' Bill Gross snaps up battered Western Alliance and PacWest shares despite regional bank turmoil

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Bill Gross
Bill Gross.

Jim Young/Reuters

Zimbabwe is bringing in a gold-backed digital currency with its own dollar ravaged by inflation

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People queue to withdraw money from a bank as Zimbabwe introduces new currency in Harare, Zimbabwe, November 12, 2019.
People queueing to withdraw money from a bank in Zimbabwe in November 2019.

Philimon Bulawayo/Reuters

The commercial real estate market is wobbling, and 2 of the largest players are feeling the pain of higher rates and tighter credit

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A billboard announces office space and parking for sale in San Juan, August 31, 2013.

REUTERS/Alvin Baez

Fears of an earnings recession are overblown and investors shouldn't panic sell as stocks will hold up fine, BMO chief strategist says

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Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 9, 2016. REUTERS/Brendan McDermid
Traders work on the floor of the NYSE.

Thomson Reuters

Here are the 7 signals that suggest a 'bullish cocktail' is about to power a surprise rally in the stock market

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Warren Buffett just made a rare trip to Tokyo. Here's the story of a disastrous sushi dinner that made him swear off Japanese food forever.

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Warren Buffett
Warren Buffett.

Reuters/Rick Wilking

The earnings season is off to a strong start even as recession looms and a credit squeeze sets in. Here's why, according to experts.

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Stock traders.

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