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Money & Markets

South Korea president, in UAE, backs return to nuclear power

ABU DHABI, United Arab Emirates — South Korean President Yoon Suk Yeol said on Monday that his nation’s efforts to be carbon neutral by 2050 would rely in part on returning to nuclear power, even though his predecessor had tried to move away from atomic power. Yoon’s comments at a ...

Yellen tells Congress US expected to hit debt limit on Thursday

WASHINGTON — Treasury Secretary Janet Yellen notified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default. In a letter to House and Senate leaders, Yellen said her actions will buy time until ...

IRS announces Jan. 23 start date for tax filing season

WASHINGTON — The official start date of the 2023 tax filing season is Jan. 23, when the IRS will begin accepting and processing 2022 returns, the agency announced Thursday. The news comes after the National Taxpayer Advocate reported Wednesday that the IRS watchdog is seeing “a light at ...

Computer breakdown sows chaos across US air travel system

NEW YORK — Thousands of flights across the U.S. were canceled or delayed Wednesday after a system that offers safety information to pilots failed, and the government launched an investigation into the breakdown, which grounded some planes for hours. The Federal Aviation Administration said ...

Soaring US egg prices put pressure on consumers and businesses

OMAHA, Neb. — Chickens may not be able to fly very far, but the price of eggs is soaring. A lingering bird flu outbreak, combined with soaring feed, fuel and labor costs, has led to U.S. egg prices more than doubling over the past year, and hatched a lot of sticker shock on grocery ...

Stocks tick higher on Wall Street as inflation report looms

NEW YORK — Stocks ticked higher in quiet trading on Wall Street Tuesday, ahead of some potentially market-moving reports scheduled for later in the week. The S&P 500 rose 27.16 points, or 0.7 percent, to 3,919.25 after drifting between small gains and losses through the day. The Dow ...