U.S. wraps up fiscal year with a budget deficit near $1.7 trillion, up 23%
The U.S. ended up with an imbalance of $1.695 trillion, up about $320 billion, or 23.2%, from fiscal 2022.
Wall Street braces for big tech earnings and key economic data in the week ahead as Treasury yields rise
Next week will bring the lion’s share of results including reports from mega-cap darlings Alphabet, Amazon, Meta Platforms and Microsoft.
Trump co-defendant Kenneth Chesebro pleads guilty in Georgia case, following Sidney Powell
Kenneth Chesebro joins Sidney Powell as the latest former Trump legal advisor to plead guilty in the Georgia elections case.
From town hall prep to disaster predictions: Mayors descend on Washington to learn how they can use generative AI in their cities
Over 100 mayors descended on Washington, D.C. on Wednesday to learn how generative AI tools like ChatGPT could help them run their cities better.
Judge fines Trump $5,000 for gag order violation after threatening him with jail time
Manhattan Supreme Court Judge Arthur Engoron warned that future violations will subject Trump to “far more severe sanctions” — including imprisonment.
Cathie Wood explains how the artificial intelligence boom could propel Ark’s Innovation ETF
The Ark Invest CEO said she expects investors to be rewarded for bets on the emergent technology.
Biden seeks $105 billion for Ukraine, Israel, Taiwan, border security
The bulk of the aid in Biden’s request is for Ukraine, over $61 billion, and he’s seeking another $14.3 billion for Israel.
Fed’s Raphael Bostic doesn’t foresee rate cuts coming until ‘late 2024’
The central bank official told CNBC that there’s still a lot of work to be done before the Fed reaches its inflation goal of 2% annually.
Solar stocks tumble to 3-year low as Solaredge drops nearly 30% on demand warning
Solar stocks, which have already had a difficult year, fell to their lowest levels in three years on Friday.
Newly appointed California Sen. Laphonza Butler says she won’t run to keep the seat in 2024
Butler was appointed by Gov. Gavin Newsom following the death of Sen. Dianne Feinstein.
