More than 40bn wiped from FTSE 100 as US debt ceiling talks drag on
The share index which houses the biggest companies in London has seen its value slashed by as much as 44 billion as fears finally started to escalate that the US might default on its debt.Global markets were shaken by a widespread sell-off which gripped both sides of the Atlantic, as the deadline for raising the US debt ceiling approaches.
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Could a Pot Plant Be Coming to the U.S. Botanic Garden?
Is it possible you could check out a weed plant at the U.S. Botanic Garden in the future?Maybe.On Wednesday, Delegate Eleanor Holmes Norton sent a letter to Susan K. Pell, executive director of the Botanic Garden, requesting that the garden display a marijuana plant.In the , Norton notes that a display would highlight the impact of marijuana on "American society and, especially, the American economy."
Could 3M lose its spot in the prestigious Dow Jones index?
For nearly 50 years, the successes and failures of 3M have been part of an exclusive report card for the entire American economy.As one of just 30 members of the Dow Jones industrial average stock index, the conglomerate's swings have influenced investors, bankers, regulators and lawmakers on a daily basis.
FBI says $10 billion lost to online fraud in 2022 as crypto investment scams surged
More than $10 billion in losses from online scams were reported to the FBI in 2022, the highest annual loss in the last five years, according to a new report from the bureau.The more than $3 billion jump in reports of online fraud from 2021 to 2022 was driven by a near-tripling in reports of cryptocurrency investment fraud, the FBI said in its annual Internet Crime Report.
White House Warns GOP Not to Tie Debt Ceiling to Social Security Cuts
"In exchange for not crashing the United States economy, you get nothing," one Democrat said."You don't get a cookie."White House Press Secretary Karine Jean-Pierre speaks during the daily press briefing in the Brady Press Briefing Room of the White House in Washington, D.C., on December 19, 2022.
Climate change affects your life in 3 big ways, a new report warns
Climate change is expensive, deadly, and preventable.
The National Climate Assessment includes standalone chapters about climate change's toll on the American economy and social factors driving climate change.
The report highlights the disproportionate danger that climate change poses to marginalized communities, older Americans, and outdoor workers. [ more ]