Bank Branch Closings Slow in April to Below 12 Month Trailing Average S&p
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Here's what 12 European Central Bank members said about interest rates this week
The ECB has become "the central bank to be followed," one central bank governor said.CNBC - Business -
The Nasdaq fell 5.5% for the week, its worst such performance since 2022, while the S&P 500 dropped 3.1% and the Dow eked out a tiny gain. Oil prices climbed to $91 a barrel Friday after Israel's strike against Iran before retreating, closing up 0.2%.
The Nasdaq fell 5.5% for the week, its worst such performance since 2022, while the S&P 500 dropped 3.1% and the Dow eked out a tiny gain. Oil prices climbed to $91 a barrel Friday after Israel’s strike against Iran before retreating, closing up ...The Wall Street Journal - World -
S&P Cuts Israel's Credit Ratings on Geopolitical Concerns
S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Israel to A-plus from AA-minus, citing geopolitical risks.The Wall Street Journal - World - Israel -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
China's fiscal stimulus is losing its effectiveness, S&P says
China's fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption policies, S&P Global Ratings said.CNBC - Business - China -
Israel downgraded by S&P Global just ahead of retaliatory attack on Iran
S&P dropped Israel’s sovereign credit rating by one notch to A+ from AA-, with the outlook negative, hours before signs of fresh tensions between that country and Iran.MarketWatch - Business - Iran -
The Papers: EU olive branch and PM targets 'sick note culture'
EU plans to offer visas to UK students and measures to tackle the UK's benefits bill lead the papers.BBC News - Top stories - European Union -
Trump on Trial vs. Biden on the Trail: An Unusual 2024 Stretch Begins
President Biden’s push to transform the race into a binary choice between him and Donald Trump has been aided by blanket coverage of Mr. Trump’s courtroom appearances.The New York Times - Top stories - Joe Biden -
California teacher dies in 140-foot fall at Arizona hiking trail
A California teacher died in a hiking accident on a steep and difficult mountain trail near Sedona, Arizona, this week, authorities said.NBC News - Top stories - California -
Oil market shrugs off Israeli strikes on Iran
Brent spikes above $90 before dropping close to three-week low as Tehran plays down attacksFinancial Times - Business - Israel -
Trump’s $175mn bond should be invalidated, New York attorney-general says
Letitia James’s office says former president should have to post a new bond while he appeals against civil fraud judgmentFinancial Times - Business - New York -
Bitcoin price briefly drops below $60,000 before rebounding ahead of halving
Bitcoin rose above $64,000 on Friday after dropping below the $60,000 mark as the cryptocurrency continues to see volatility ahead of the upcoming halving.CNBC - Business - Crypto -
Procter & Gamble sales disappoint as price hikes slow down
The Tide owner's quarterly volume was flat for the second consecutive quarter.CNBC - Business -
Stock Market Set for Longest Losing Streak in Months
A rally at the start of the year has given way to worries on Wall Street about economics and geopolitics.The New York Times - Top stories -
The next bank bailout’s true costs may not be such a mystery
Future debates about whether to assist distressed corporations, including New York Community Bank, could be better informed by more educated guesses about costs.The Hill - Politics -
After hunt for impartiality, who are the 12 Trump jurors?
The five women and seven men make up a highly educated group who will deliberate on the case.BBC News - Top stories - Donald Trump -
Oil ends below the day’s highs as panic eases over Israel’s retaliation against Iran
Oil prices on Friday pared much of their overnight gains to settle with a more modest rise as “calmer heads” prevailed after an apparent retaliatory attack by Israel on Iran.MarketWatch - Business - Iran -
U.S. stocks ended mixed, with the S&P 500 and Nasdaq falling 0.2% and 0.5%, respectively, and the Dow eking out a gain of less than 0.1%. Treasury yields rose.
U.S. stocks ended mixed, with the S&P 500 and Nasdaq falling 0.2% and 0.5%, respectively, and the Dow eking out a gain of less than 0.1%. Treasury yields rose.The Wall Street Journal - World -
South Korea slows plan to hike medical school admissions as doctors' strike drags on
South Korea's government says it will slow down a plan to admit more students to the country’s medical schools from next year, in a bid to end a weeks-long strike by thousands of doctorsABC News - Health - South Korea -
South Korea slows plan to hike medical school admissions as doctors' strike drags on
South Korea's government says it will slow down a plan to admit more students to the country’s medical schools from next year, in a bid to end a weeks-long strike by thousands of doctorsABC News - World - South Korea -
Chinese Grand Prix could deliver drama to F1 and slow Verstappen's victory march
The Chinese Grand Prix could deliver some much-needed drama to Formula 1 and Red Bull’s Max Verstappen can’t be penciled in as the almost-certain winnerABC News - Sports -
Beijing half marathon winner thrown out after trio slowed to let him win
All four athletes disqualified and forced to return prize moneySpecial committee issues apology but steers clear of fix talkOrganisers have revoked He Jie’s first place in the Beijing half marathon last weekend after an investigation confirmed ...The Guardian - World -
Full 12-person jury seated in Trump criminal case
The trial, the first ever in which an ex-US president is the defendant, may see opening arguments on Monday.BBC News - Top stories - Donald Trump -
12 Jurors in Trump Hush Money Trial Will Decide a Former President’s Fate
Justice Juan M. Merchan warned against identifying the people who might judge Donald J. Trump, who regularly attacks the justice system.The New York Times - Top stories - Donald Trump -
Building society and Co-op Bank agree takeover terms
The two lenders agree terms on a takeover deal that could be worth up to £780m.BBC News - Top stories -
This unusual combination signals either booms, bubbles or inflections, says Bank of America
There’s an unusual combination in markets this year that has happened just five times in the last 60 years.MarketWatch - Business -
Banks Believe They Are Well-Prepared for Commercial Real Estate Fallout
Banks have built up substantial reserves against office loans going bad.The Wall Street Journal - World -
Trump's historic hush money trial seats 12 jurors, plus an alternate
Jury selection got off to a rocky start after two jurors seated this week were excused. But by the end of Thursday, 12 jurors and an alternate were sworn in.NBC News - Politics - Donald Trump -
12-person jury seated in Donald Trump’s “hush money” trial
All 12 jurors have been selected in former President Donald Trump’s “hush money” trial. Trump, who has pleaded not guilty to all charges, is accused of falsifying business records to hide an alleged affair with an adult film actor ahead of the ...CBS News - Top stories - Donald Trump -
Harry Styles stalker jailed for sending him 8,000 cards in a month
Myra Carvalho sentenced to 14 weeks’ imprisonment and banned from seeing singer perform. A woman who stalked Harry Styles has been jailed and banned from seeing him perform.. Myra Carvalho, who appeared at Harrow crown court sitting at Hendon ...The Guardian - World -
US sanctions two groups over fundraising for Israeli extremists in West Bank
The Biden administration announced Friday that it is imposing sanctions on two groups accused of fundraising for Israeli extremists in the West Bank and the leader of an organization that has assaulted Palestinians. According to the Treasury ...The Hill - Politics - Israel -
12:30 Report — Democrats bail out Mike Johnson
{beacon} 12:30 REPORT Happy Friday. And Happy TTPD Day for all those who celebrate!! If you haven’t listened to Taylor Swift’s new album yet, you can listen to it here. Here’s what else is happening today: Jury selection continues today in former ...The Hill - Politics -
Big banks have been a bright spot in tough week for markets
Major banks sailed through commercial real-estate updates in earnings and tapped the corporate bond market — with regional banks now on deck.MarketWatch - Business -
Start-Up Founder Sentenced to 18 Months in Prison for Fraud
Manish Lachwani, who founded the software start-up HeadSpin, is the latest tech entrepreneur to face time in prison in recent years.The New York Times - Business -
U.S. sanctions 2 entities over fundraising for extremist West Bank settlers
The Treasury Department announced sanctions on two entities accused of fundraising for extremist West Bank settlers connected to violence against Palestinians.CBS News - Politics -
Ex-Philadelphia officer charged in 12-year-old's killing pleads guilty
A former Philadelphia police officer who killed a 12-year-old boy and allegedly fired two of the shots during a foot chase after the boy had discarded his gun pleaded guilty to murder Friday, the prosecutors’ office said.NBC News - Top stories -
Warner Bros. Discovery CEO David Zaslav received pay last year valued at $49.7 million, a 27% increase from 2022 and more than three times as much as the $15.6 million median pay of S&P 500 CEOs disclosed through late March.
Warner Bros. Discovery CEO David Zaslav received pay last year valued at $49.7 million, a 27% increase from 2022 and more than three times as much as the $15.6 million median pay of S&P 500 CEOs disclosed through late March.The Wall Street Journal - World -
Celtics title faves, but Boston-Denver Finals close
The Celtics are the favorite to win the NBA title, but if they meet the Nuggets in the Finals, it could be a toss-up.ESPN - Sports - NBA -
Children of reality TV's Chrisleys hope court hearing is step toward bringing convicted parents home
Reality TV stars Todd and Julie Chrisley have appealed aspects of their convictions on federal charges of bank fraud and tax evasionABC News - Entertainment -
2 suspects detained in Poland after last month's attack on a Navalny ally in Lithuania
Officials say that two Polish citizens have been detained in Poland on suspicion of attacking Russian activist Leonid Volkov, an ally of the late opposition leader Alexei NavalnyABC News - World