Washington is nearing a deal that would raise the U.S. debt ceiling and avoid a market-shaking default. Here are expected elements of the emerging agreement.
: ‘There’s no blueprint’: If U.S. defaults on debt, $12 billion in benefits for veterans and their families is at stake
The Treasury Department pays out a total of $25 billion on behalf of the Department of Veterans Affairs every month.
Key Words: ‘Target doesn’t have a spine’: Workers slam retailer’s decision to pull LGBTQ Pride-themed products amid backlash
Target is “conceding to the hysteria,” says worker-advocacy group Target Workers Unite.
Market Extra: ‘The economy is still too hot for the Fed’: Chance of June rate hike rises further above 50% after inflation data
Data showing U.S. inflation stuck in the 4%-5% range last month is boosting the likelihood of another Federal Reserve rate hike in June.
: Compass shares jump as study shows psychedelic-based drug improved depression in cancer patients
Compass shares rose 3% after the London-based mental-health care group reported in a follow-up study that its COMP360 psilocybin treatment, alongside psychological support, led to remission of depression in most cancer patients.
Metals Stocks: Gold tallies a third straight weekly decline on overall strength in the U.S. dollar
Gold prices finish higher on Friday, after the most-active contract settled at its lowest level in about nine weeks a day earlier, but still tally a third-straight weekly loss.
Economic Report: U.S. consumer sentiment rebounds slightly in late May, but worries persist
The final reading of a consumer-sentiment survey in May rebounded slightly, but Americans remained worried about the future of the economy.
Economic Report: U.S. trade deficit in goods leaps 17% as exports retreat
The trade deficit in goods shot up 17% in April to a six-month high of $96.8 billion, reflecting a rebound in imports and a broad decline in American exports.
Dow Jones Newswires: Credit Suisse loses $900 million lawsuit to former Georgia prime minister
A Singapore court has ordered a unit of Credit Suisse Group to compensate Georgian businessman Bidzina Ivanishvili for its failure in safeguarding the plaintiff’s assets.
The Ratings Game: Amazon’s stock is misunderstood for these 3 reasons, according to an analyst
A key Amazon business could sport its weakest growth in over two decades this year, but where some might see a worrisome slowdown, Evercore sees opportunity.
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