World

Some big U.S. banks are buying more U.S. government securities as yields start to rise and the Federal Reserve appears ready to taper its bond-buying program - a balance sheet shift that analysts say could boost bank earnings by several percentage points depending on how they play their hands.

The New York City Police Department spent a record-breaking $837 million in overtime pay for officers last year, even as murders in the city soared, according to a report on the data.

A work by British street artist Banksy that sensationally self-shredded just after it sold at auction three years ago fetched 18.5 million pounds ($25.4 million) on Thursday — a record for the artist, and close to 20 times its pre-shredded price.

Gen. Stanley McChrystal tells FOX Business the U.S. pullout from Afghanistan was a humiliation. But he is concerned about a "civil war" at home.

A Los Angeles Councilman and a former dean at the University of Southern California were indicted Wednesday on federal corruption charges connected to a bribery scheme, authorities said.

Larry Kudlow reports on labor shortages as the global supply chain nightmare continues.

Russian President Vladimir Putin said Wednesday that the Kremlin has “constructive” relations with Washington and voiced hope that mutual interests would eventually help normalize U.S.-Russia ties.

Miami Mayor Francis Suarez spills details on Police Chief Art Acevedo's suspension.

White House officials, scrambling to relieve global supply bottlenecks choking U.S. ports, highways and railways, warn Americans may face higher prices and some empty shelves this Christmas season.

The Sussexes will be "impact partners" and investors at Ethic which focuses on investing in the environmental, social, and governance space.

One of the worst droughts in decades in Afghanistan parched the fields farmers, leaving his crops withered and worthless. This year’s deep drought is compounding the economic crisis that deepened when the Taliban overthrew the previous Afghan government.

The International Monetary Fund's executive board will issue a statement of support for Managing Director Kristalina Georgieva after reviewing allegations she pressured World Bank staff to alter data to favor China, sources familiar with the decision said on Monday.

The U.S. has agreed to provide humanitarian aid to a desperately poor Afghanistan on the brink of an economic disaster, while refusing to give political recognition to the country’s new Taliban rulers, the Taliban said Sunday.

A state-sponsored cyber-espionage campaign has been targeting companies globally including those in the U.S., a new report says.

The Philadelphia Federal Reserve is promoting critical race theory materials on its website.

While thousands of people crowded outside the main gates of the Kabul airport seeking to escape Afghanistan in August, the Central Intelligence Agency opened a back door about 2 miles away along the northern perimeter of the airfield.

An Australian supermarket chain, Coles, will no longer offer in-store butcher services for customers, moving entirely to pre-packaged meat.

Divers investigating a massive oil leak off the coast of Southern California confirmed Tuesday that a 4,000-foot section of pipeline had dragged as far as 105 feet out of place and detected a 13-inch "split" in the line, according to a report.

The U.S. dollar drifted below a one-year high versus major peers on Tuesday as traders waited on key U.S. payrolls data at the end of the week for clues on the timing of a tapering of Federal Reserve stimulus and the start of interest rate hikes.

California Gov. Gavin Newsom has signed a bill into law that explores fee-free banking provided by the state.