First Citizens Shares Soar 45 after the Bank Buys A Large Chunk of Failed Silicon Valley Bank
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Shares of Reddit, the 'front page of the internet,' soar 45% in Wall Street debut
Shares of Reddit, the 'front page of the internet,' soar 45% in Wall Street debutABC News - Tech -
Wait, When Did the Schlubs of Silicon Valley Learn to Dress?
Tech moguls trade hoodies for conventional style amid fresh scrutiny of the industry; dressing down “is so played out.”The Wall Street Journal - World -
How Silicon Valley’s ‘Oppenheimer’ found lucrative trade in AI weapons
Anduril Industries’ Palmer Luckey is leading the start-ups infiltrating the US government’s war machineFinancial Times - Business -
Bank of England Holds Interest Rates After U.K. Inflation Slows
Britain’s central bank held its key interest rate at the highest level in 16 years for the fifth straight meeting.The New York Times - Business - United Kingdom -
Three dead after Israeli army operation and clashes in the West Bank
Yahoo News - World - Israel -
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 -
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 -
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 -
UBS makes Ermotti best-paid European bank boss
Swiss lender awards returning chief executive $15.9mn for steering integration of Credit SuisseFinancial Times - Business -
Bank of America downgraded after hot stock run, while U.S. Bancorp and PNC get boost
New analysis from HSBC says that Bank of America’s stock is reaching its target price — but there are still buying opportunities in other banking sectors.MarketWatch - Business -
Fed Rate Outlook Looks Just Right for Banks
Banks look forward to relief on deposit costs but have no desire to go back to zero rates.The Wall Street Journal - World - Federal Reserve -
Beware of 'bank jugging' this tax season, police warn
Police are warning the public about "bank jugging" this tax season.The Hill - Politics -
Australia bank CEOs call for a fix to housing shortage
Yahoo News - World - Australia -
China Merchants Bank Gains on Dividend Surprise
China Merchants Bank’s shares rose after the lender surprised with a boost in its dividend ratio while annual earnings came in largely as expected.The Wall Street Journal - World - China -
Inflation Requires Caution for Brazil's Central Bank
Brazil’s central bank may have room to keep easing monetary policy gradually, but “core-services inflation underlying dynamics merit attention,” Goldman Sachs’ Alberto Ramos says.The Wall Street Journal - World - Inflation -
Treasury staff worked at bank linked to China state
The Treasury says the secondment scheme deepens ties with Asia and boosts British business.BBC News - Top stories - China -
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 -
Stocks Finish Lower, Led by Nasdaq
U.S. stocks finished lower, with the S&P 500 creeping further from its recent record highs.The Wall Street Journal - World -
Extremism endangers Germany's prosperity, warns central bank chief
Yahoo News - World -
As Gaza is destroyed, Israel is killing dozens of children in the West Bank
A 12-year-old Palestinian boy was shot while lighting a firework. ‘Cases like these happen quite regularly, but no one’s hearing about them,’ according to the Israeli rights group B’Tselem. “The depth of the horror surpasses our ability to ...The Guardian - World - Israel -
Dow Industrials, S&P 500 Dip to Start Week
Stocks were mostly lower as chip makers came under pressure, after a report that China plans to phase out U.S.-made microprocessors in government computers and servers.The Wall Street Journal - World -
Polish central bank chief seeks truce with Tusk over ‘idiotic’ accusations
Adam Glapiński insists he did not abuse his powers in bid to keep Law and Justice party in powerFinancial Times - World -
Swiss find Lebanon’s biggest bank guilty of serious money laundering breaches
Finma uncovers millions of francs in unexplained payments by Banque Audi to senior political figuresFinancial Times - Business -
AI-powered fraudsters are overwhelming bank defenses, Treasury report says
U.S. banks are struggling to keep up with evolving artificial-intelligence technology that has enabled fraudsters to easily impersonate customers and spread malware using AI-generated text, according to a report published Wednesday by the Treasury ...MarketWatch - Business -
South Carolina wants answers about $1.8 billion sitting in a bank
Accountants are trying to figure out where the $1.8 billion in cash came from and where it was supposed to go.CBS News - Top stories -
Janet Yellen warns China against clean energy dumping
US Treasury secretary tells Beijing its trade practices will distort markets and harm workersFinancial Times - Business - China -
Top Fed official says ‘no rush’ on rates after ‘disappointing’ data
Progress on taming price rises ‘has slowed and may have stalled’, according to Christopher WallerFinancial Times - Business - Federal Reserve -
$75,000 for a baby? South Korean businesses float incentives as demographic crisis looms
Companies and politicians try new strategies to encourage workers to start familiesFinancial Times - Business -
Kate Banks, Children’s Author Who Wrote About Grief, Dies at 64
She became an award-winning author of children’s books and young-adult novels despite debilitating health issues and the murder of her father.The New York Times - Top stories -
Cars before people: how chaotic, polluted Dhaka is failing its elderly citizens
Pollution, traffic, noise – the busy streets of the Bangladeshi capital prohibit many who are ill or have limited mobility from leaving their homes, posing further risks to their health. The door of Rehana Khan’s sixth-floor flat is as far as she ...The Guardian - World -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
Truth Social parent company shares soar in stock market debut
Shares of former President Trump's social media startup rose nearly 50 percent after debuting on the stock market Tuesday, triggering a pause on trading. Trump Media & Technology Group, the parent company of Trump’s Truth Social platform, went ...The Hill - Politics -
The first ‘Fairly Trained’ AI large language model is here
The new LLM is called KL3M (Kelvin Legal Large Language Model, pronounced "Clem"), and it is the work of 273 Ventures.VentureBeat - Tech -
Baltimore bridge collapses after being struck by ship; search and rescue underway
Baltimore's Francis Scott Key Bridge collapsed early Tuesday after a column was hit by a large container ship, sending vehicles and people into the Patapsco River.CBS News - Top stories