Banking Wells Fargo Hit with $98 Million Fine for Providing Trade Tech That Skirted Economic Sanctions
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Wells Fargo’s rally sparks KBW downgrade after it outpaces other bank stocks
Investors have been bidding up the stock partly on speculation that its asset cap imposed by the Federal Reserve may be lifted in the next year or so.MarketWatch - Business -
SEC Fines Arista Co-Founder $1 Million Over Insider Trading Claims
The Wall Street regulator alleged that while he was serving as chair of Arista in July 2019, Bechtolsheim learned about an impending acquisition of Acacia Communications and profitably traded on that confidential information.The Wall Street Journal - World -
Barclays bank payments restored after outage
The bank has apologised as some customers experienced issues with payments into and out of accounts.BBC News - Top stories -
China’s property turmoil hits midsized bank Everbright
Regional lender’s shares fall after profits miss estimates due to investment losses and increase in cash set aside for bad debtsFinancial Times - World - China -
Pelago, Provider of Virtual Substance-Abuse Therapy, Raises $58 Million
The startup’s business model ties its revenue to outcomes for self-insured companies. It plans to use its latest fundraising to prevent addiction outright.The Wall Street Journal - World -
Russia has finally admitted Western sanctions are hitting its oil exports
Yahoo News - World - Russia -
Drivers warned of delays as Easter getaway begins
The RAC warns of "carmageddon" as heavy traffic is expected during the Easter getaway.BBC News - Top stories -
‘Wellness bro’ Andrew Huberman is accused of lying to women he dates. Does it matter to his millions of listeners?
The Stanford neuroscientist is highly credentialed and endearingly earnest on his popular wellness podcast, but is now facing claims against his credibility. I’m going to divulge something rather embarrassing: earlier this year I got sucked deep ...The Guardian - World -
White House providing $60 million to rebuild Key Bridge, Maryland governor says
The White House is giving Maryland $60 million in funding to rebuild Baltimore's Francis Scott Key Bridge, Gov. Wes Moore announced at a news conference Thursday. The bridge collapsed early Tuesday morning after a cargo ship struck a support column.CBS News - Top stories -
U.S. hits Apple with antitrust suit, accusing tech giant of stifling competition
The Justice Department said Apple illegally engaged in anti-competitive behavior in an effort to build a "moat around its smartphone monopoly."CBS News - Politics - Apple -
UBS chief's surprise return to the Swiss banking giant bagged him a $15.9 million paycheck
UBS CEO Sergio Ermotti earned 14.4 million Swiss francs ($15.9 million) in 2023 after his surprise return to the helm of the Swiss banking giant.CNBC - Business -
Adam Neumann makes a $500 million bid for WeWork that could hit $900 million if financing and diligence firm up
Adam Neumann has submitted an unsolicited bid in excess of $500 million to acquire WeWork out of bankruptcy, a person familiar with the matter told CNBC.CNBC - Business -
The Biden administration hit alleged Chinese hackers with sanctions and criminal charges, while the U.K. accused Beijing of hacking its electoral register to steal voters' information.
The Biden administration hit alleged Chinese hackers with sanctions and criminal charges, while the U.K. accused Beijing of hacking its electoral register to steal voters’ information.The Wall Street Journal - World - Joe Biden -
Brexit red tape costs Scottish salmon producers millions, says trade body
Reducing trade friction with the EU could boost access to member states, group saysFinancial Times - World -
Mega Millions jackpot hits $1.1 billion — and the big winner could face these costly pitfalls
The Mega Millions jackpot hit an estimated $1.1 billion, the fifth-largest prize in the game's history. The winner could face these pitfalls, experts say.CNBC - Business -
‘Wear a skirt, be your own hero’: four men on their first time wearing the garment
From red carpets to skate parks, skirts are finding their way into more men’s wardrobes. Here, men share the fun and freedom they’ve found in wearing them. A few years ago when I was in the midst of moving into a new apartment, I cut my finger ...The Guardian - World -
Redefining Your Banking Relationship
Banking is a partnership, not a transaction. And it can help Black women overcome systemic financial hurdles.Inc. - Business -
A turning point in central banking
Last week’s monetary policy moves mark a shift away from strict inflation targetingFinancial Times - World -
Laurent de Brunhoff, author of Babar children’s books, dies at 98
Painter and storyteller, who revived father’s picture-book series about elephant king, said he didn’t consciously write for young people. Babar author Laurent de Brunhoff, who revived his father’s popular picture-book series about an elephant-king ...The Guardian - World -
Laurent de Brunhoff, ‘Babar’ heir and author, dies at age 98
"Babar" author Laurent de Brunhoff, who revived his father's popular picture book series about an elephant-king, has died at 98 after being in hospice care for two weeksABC News - Entertainment -
'Bite Down' by Rosali Review: A Well-Built Breakthrough
The musician’s fourth album is easily her best, bringing her tough but clear voice to a collection of earthy and energetic country-rock songs.The Wall Street Journal - World -
Economic impact of Baltimore bridge collapse
Operations at the Port of Baltimore were halted after the Francis Scott Key Bridge collapsed Tuesday. The collapse will impact shipping routes and trade in the region. David Lynch, a global economics correspondent for the Washington Post, joins ...CBS News - Top stories -
The Secret Salary Survey That Provides N.F.L. Coaches With Leverage
In a league structured to create parity, paying coaches is one potential avenue for competitive advantages.The New York Times - Sports - NFL -
Brussels blasts Big Tech
Also in this newsletter: UN Security Council calls for ceasefire in Gaza, UK accuses China of cyber attacks, neurodiversity in the workplaceFinancial Times - World -
EU court overturns sanctions on Russian racing driver
Yahoo News - World - European Union -
Why didn’t New Zealand impose sanctions on China?
New Zealand did not follow the US and UK in imposing financial restrictions after accusing Beijing of links to cyber-attacks. Politicians, journalists and critics of Beijing were among those targeted by cyber-attacks run by groups backed by China, ...The Guardian - World - New Zealand -
Russia Blocks Extension of North Korea Sanctions Monitoring
The U.S. says the Russian veto was aimed at shielding Moscow’s arms transfers.The Wall Street Journal - World - North Korea -
Hunt: We'll keep 'triple lock' on pension increases if we win election
Chancellor Jeremy Hunt says it's an expensive commitment but one his party is confident it can deliver.BBC News - Top stories -
Sizing Up the Economic Impact of the Baltimore Bridge Collapse
With vessel traffic suspended at the Port of Baltimore, companies that transport cars and coal are looking for alternatives.The Wall Street Journal - Business -
Economic fallout from Key Bridge collapse
In addition to the human toll, the collapse of the Francis Scott Key Bridge will also send ripples throughout the economy far beyond Baltimore. The crumpled bridge is now blocking a key waterway for shipping routes. Ramy Inocencio has more.CBS News - Top stories -
Biden vs. Trump: A Choice, Not an Echo, on Economic Policy
The presidential nominees have very different views on climate, taxes, trade, entitlements and labor.The Wall Street Journal - World - Joe Biden -
Economic experts slash growth forecasts for Germany
Five leading institutes expect expansion of just 0.1 per cent in 2024 as exports fall and domestic demand fails to pick upFinancial Times - World -
Nobel prize-winning psychologist Kahneman dies
In his book Thinking, Fast and Slow, the Nobel laureate argues humans act mostly on instinct, not logic.BBC News - Top stories -
Died: Daniel Kahneman, 90, pioneer in behavioral economics.
Died: Daniel Kahneman, 90, pioneer in behavioral economics.The Wall Street Journal - World -
Nikkei Rises 0.5%, Led by Machinery, Real-Estate Stocks
Japanese stocks ended higher, led by machinery and real-estate stocks, after signs of U.S. economic strength and selloffs related to the ex-dividend date on Thursday.The Wall Street Journal - World -
Scotland’s economic potential is blocked by a failing UK
There is a fundamentally different policy consensus north of the border — and different rules applyFinancial Times - World - United Kingdom -
Breyer critiques conservatives' textualism ideology: 'It doesn't work very well’
Retired Supreme Court Justice Stephen Breyer critiqued textualism, the judicial ideology held by most of the conservatives on the court, on Sunday, saying the perspective is stuck in the past. Textualism is the belief that the Constitution should ...The Hill - Politics -
The last time a Trump company went public it didn't go well for investors
Donald Trump’s social media company could go public as soon as next week, paving the way for a potentially huge windfall for a former president who raked in tens of millions of dollars the last time one of his companies was listed on a stock ...NBC News - Politics - Donald Trump -
Trump’s Truth Social sees stock rally again, but it sent a warning to investors
Trump Media & Technology Group’s stock surged Wednesday, but a sharp late-day pullback in the previous session may have acted as a warning to investors not to assume a smooth ride higher.MarketWatch - Business - Donald Trump -
Need to Know: A well-written will makes life easier for your family
How to keep your estate tax efficientFinancial Times - World