International Business Times
The International Business Times is an online global business newspaper based in New York City, comprising 10 national editions and seven languages. The publication, sometimes called IBTimes or IBT, offers news, analysis and editorial commentary on business and business-related stories[2] It is ranked by Alexa as the sixth-most visited site among business newspapers.
Launched in 2005, IBTimes was created to provide news services to the international business community. It is a privately held company and still owned by its co-founders Etienne Uzac and Johnathan Davis. Its headquarters are in the former Newsweek offices in the Financial District of New York.
Source: Wikipedia
http://en.wikipedia.org/wiki/International_Business_Times
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Wall Street signaled relief Friday following Congress' passage of a bill to suspend the debt ceiling through 2024 and avert an economy-cratering default. Investors received another jolt with a better-than-expected jobs report.
In a significant surge, the Dow Jones Industrial Average experienced an uptick of 701 points, for more than a 2% gain. The S&P 500 displayed a notable climb of 1.45%, while the Nasdaq Composite achieved a commendable advancement of 1.07% to its highest peak since April 2022.
The surge comes after a weeks-long battle between President Joe Biden and Congress, with hardline Republicans and left-wing Democrats voting against the bill. But the fear of a catastrophic default was enough to draw bipartisan consensus to raise the $31.4 trillion debt ceiling.