West pushes Russia into its first foreign debt default since 1918
CNN
Russia has defaulted on its foreign debt for the first time since the Bolshevik revolution more than a century ago.
Following reports that Moscow had failed to pay about $100 million in interest on two bonds during a 30-day grace period that expired Sunday, the White House said the default showed the power of Western sanctions imposed on Russia since it invaded Ukraine.
"This morning's news around the finding of Russia's default, for the first time in more than a century, situates just how strong the reactions are that the US, along with allies and partners, have taken, as well as how dramatic the impact has been on Russia's economy," a senior administration official said on the sidelines of a G7 summit in Germany.
A coffee shop in Middleborough, Massachusetts, went viral overnight for offering free coffee to customers who entered the shop while dancing.
President-elect Donald Trump’s promise to further restrict immigration and roll out “mass deportations” has not been finalized, but the specter of looming policy changes is already reverberating throughout the US job market.
A recent lawsuit alleges Linda McMahon, who President-elect Donald Trump tapped to lead the Department of Education, knowingly enabled the sexual exploitation of children by a World Wrestling Entertainment (WWE) employee as early as the 1980s — allegations she denies.
Months into President Donald Trump’s first term in the White House, his Justice Department sent shockwaves through the media industry by suing to block AT&T’s takeover of CNN owner Timer Warner.
Social Security is by far one of the most popular government programs in the United States because it is critical for so many retirees’ financial security.
The US government formally proposed a partial breakup of Google on Wednesday, urging a federal judge to force a sale of the company’s Chrome web browser after a landmark ruling this year finding that Google had violated US antitrust law with its search business.
Indian billionaire Gautam Adani and other executives were indicted in New York for roles in a multi-billion-dollar fraud scheme, the US Department of Justice said Wednesday.
Europe could soon be welcoming a wave of well-heeled Americans, as Democratic voters facing the prospect of another Donald Trump presidency eye refuges abroad.
Comcast just jump-started a new season of major change across the television industry. And no one quite knows what will happen next.
Sheetz, the gas station and convenience store chain, is slashing prices at some of its pumps ahead of the busy Thanksgiving travel period.
Target is expecting a surprisingly weak holiday shopping season, a warning sign for the retail industry.