US banks are sitting on an estimated $650 billion in unrealized losses on their bond holdings.The surge in interest rates over the past 18 months drove bond
STORY: U.S. stocks ended the week with a Friday rally as investors cheered a slew of upbeat earnings reports and key data that continued to show cooling inflation.
The Republican-led House of Representatives has passed a bill that would boost the US $31.4 trillion federal debt ceiling in exchange for slashing government spending.