Banks Borrow Unsecured Cash at Record Clip
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Regulators Seize Republic First, a Troubled Philadelphia Bank
The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.The New York Times - Business -
Capital levels are a poor predictor of bank failure
Regulators should be embracing much more sophisticated measures of lenders’ healthFinancial Times - Business -
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - Business -
Regulators close Philadelphia-based Republic First Bank, first US bank failure this year
Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New YorkABC News - Top stories -
NBA playoffs: Heat even series vs. Celtics with franchise record in 3-pointers, Thunder dominate Pelicans
The Thunder did No. 1 seed things. The Celtics not so much.Yahoo Sports - Sports - NBA -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
Zuckerberg defends Meta’s AI spending spree as shares tumble
Parent of Facebook and Instagram reports better than expected quarterly revenue but raises capex guidanceFinancial Times - Business -
U.S. birth rate drops to record low, ending pandemic uptick
CDC's provisional figures show a 2% decline in births from 2022 to 2023.CBS News - Top stories -
Diamond market shows serious cracks from man-made stones
Miners are battling to whittle down the oversupply of gemsFinancial Times - Business -
Meta proves AI hype has its limits
Artificial intelligence is a multibillion-dollar project with no clear timeline for revenuesFinancial Times - Business - Meta -
McKinsey faces US criminal investigation over opioid industry work
Grand jury set up to hear evidence on consulting for drugmakers tied to addiction epidemicFinancial Times - Business -
Cnooc Posts Record Net Profit on Higher Oil Price, Production
Cnooc reported a record high net profit for the first quarter, supported by increased efforts in oil and gas exploration, and steady growth in net oil and gas production.The Wall Street Journal - World -
Royal Caribbean sees record bookings as demand for experiences and travel grow
There were a lot of records associated with Royal Caribbean’s first-quarter report, including ticket pricing, bookings and the stock, as demand for cruises remained “very robust.”MarketWatch - Business -
American Airlines’ stock jumps after an upbeat profit outlook and record revenue
American Airlines’ stock climbed Thursday, after the air carrier reported a wider-than-expected loss but provided an upbeat profit outlook for the current quarter, as revenue rose to record levelsMarketWatch - Business -
Cnooc Posts Record Net Profit on Higher Oil Price, Production
Cnooc reported a record high net profit for the first quarter, supported by increased efforts in oil and gas exploration, and steady growth in net oil and gas production.The Wall Street Journal - Business -
CEOs are quitting at record rates, and women are twice as likely as men to leave
Women CEOs are twice as likely as men to quit within 2 years, and four times as likely to leave within 1 year.CNBC - Business -
DOJ rebuffs GOP’s second demand for Biden-Hur audio recordings
The Justice Department on Thursday for a second time declined to turn over audio recordings of President Biden’s interview with special counsel Robert Hur, rejecting claims from GOP impeachment investigators that the recordings contain information ...The Hill - Politics - Joe Biden -
Broncos make Nix record-tying 6th 1st-round QB
The Denver Broncos picked Oregon quarterback Bo Nix with the No. 12 pick Thursday night, moving to select their quarterback of the future.ESPN - Sports - NFL -
Thousands of emperor penguin chicks dead due to record low sea ice
Yahoo News - World -
Nomura profits soar as Japan’s stock market breaks bubble-era record
Investment bank and brokerage boosted by surging stock and fixed-income tradingFinancial Times - World -
Several K Street giants kick off 2024 with record revenues
Several K Street lobbying shops posted record revenues last quarter as Congress moved massive spending bills, the Biden administration ramped up its regulatory agenda and clients set their sights on post-election policy priorities. Federal ...The Hill - Politics -
WATCH: Olympic champion soars to new ski jump record
Japanese Olympic champion Ryoyu Kobayashi soared to a world record 291m (around 954 ft.) ski jump, shattering the ski flying and ski jump world records.ABC News - Top stories -
Bairstow century leads Punjab to record T20 run-chase
Jonny Bairstow's astonishing 108 from 48 balls leads Punjab Kings to the highest-ever successful T20 run-chase.BBC News - Top stories -
US flight attendant indicted in attempt to record teen in airplane bathroom
Investigators say man concealed iPhone to record bathroom video of 14-year-old girl, who used her phone to document evidence. An American Airlines flight attendant was indicted on Thursday after authorities said he tried to secretly record video ...The Guardian - World -
European football: Harry Kane reaches new best, Leverkusen stay unbeaten
Harry Kane scores twice to take total to career-best 42 goalsBayer Leverkusen grab dramatic 2-2 draw with StuttgartHarry Kane scored once in either half to guide Bayern Munich to a 2-1 victory over Eintracht Frankfurt on Saturday and a welcome ...The Guardian - World - Europe -
Baltimore teacher accused of using AI to create fake, racist recording of principal
Dazhon Darien arrested over fake recording of principal complaining about students and faculty members. A high school athletics director suspected of using artificial intelligence to create a fake, racist recording of a principal in Baltimore has ...The Guardian - World -
Detroit sets NFL Draft attendance record with more than 700,000 fans
The NFL draft has a new attendance record after more than 700,000 fans flooded downtown Detroit for the three-day event.CBS News - Top stories - NFL -
Gold pocket watch of richest man on Titanic fetches record-breaking £1.2m
Amount paid for businessman John Jacob Astor’s watch is highest ever for Titanic memorabilia, auctioneers say. A gold pocket watch that was recovered from the body of the richest man on the Titanic has sold for a record-breaking £1.2m.. The watch ...The Guardian - World -
NFL draft attendance record broken with over 700,000 attendees in Detroit
NFL draft in Detroit breaks attendance mark with 700,000 fansNashville drew 600,000 spectators over three days in 2019The NFL draft has a new attendance record after more than 700,000 fans flooded downtown Detroit for the three-day event.. ...The Guardian - World - NFL -
2024 NFL Draft: Texas sets program record with 11 players picked
Texas had multiple first-round picks for the first time in 17 years.Yahoo Sports - Sports - NFL -
Messi stars with 2 goals before record Revs crowd
Lionel Messi and Inter Miami continued their imperious form in MLS, as the Argentine superstar scored twice in his team's 4-1 win over the New England Revolution at Gillette Stadium in Foxborough, Massachusetts on Saturday.ESPN - Sports -
Minister defends NHS record after Dan Poulter defects to Labour
Chris Philp denies Tories are deprioritising the NHS, after Dan Poulter says "patients deserve better".BBC News - Top stories -
Lionel Messi breaks MLS record in front of historic crowd in New England
65,612 in attendance at Gillette Stadium for Miami’s 4-1 winMessi has 16 goal contributions this seasonLionel Messi scored two goals to excite a record New England Revolution crowd, leading Inter Miami to a 4-1 victory on Saturday night.. Messi ...The Guardian - World - MLS -
Brunson to bask in record G4 effort 'when I retire'
Jalen Brunson scored a Knicks playoff-record 47 points Sunday to propel New York to a 3-1 series lead over Philadelphia.ESPN - Sports -
AIA to Increase Shareholder Returns on Record New Business Value
The 31% increase in the value of the insurer’s new business prompted it to increase its payout to shareholders and announce additional share buybacks.The Wall Street Journal - World -
BNP Paribas bets on investment bank for growth despite bond trading blip
Eurozone’s largest bank forecasts rise in full-year profits and revenues even as interest rates are expected to fallFinancial Times - Business -
Trading helps lift Deutsche Bank to highest quarterly profit in 11 years
First quarter net income increased by 10% from a year earlier to €1.45bnFinancial Times - Business -
Commodity prices could keep inflation high, warns World Bank
Sharp falls in commodities are unlikely to continue, says lender, making it harder for central banks to cut interest ratesFinancial Times - Business