House Members Focus on Need for More Oversight of Capital and Liquidity after Failure of Silicon Valley Bank
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Airchat Is Silicon Valley’s Latest Obsession
It’s time for another audio-first social network with a long wait list and vague moderation policies. What could go wrong?Wired - Tech -
Japan’s Rapidus chip foundry opens U.S. subsidiary in Silicon Valley
Rapidus, a chip contract manufacturer, or foundry, in Japan, announced it set up a U.S. subsidiary and opened an office in Silicon Valley.VentureBeat - Tech - Japan -
Bank Earnings in Focus
The season kicks off in earnest, with results due from JPMorgan Chase, Wells Fargo and Citigroup.The Wall Street Journal - World -
More storms threaten Ohio Valley, Mid-Atlantic
Yet another series of dangerous weather is threatening the Ohio Valley and Mid-Atlantic this week, with the potential to bring severe thunderstorms. The Weather Channel meteorologist Mike Bettes has the forecast.CBS News - Top stories -
Hedge funds and commodities traders urged to hold more liquid assets
Financial Stability Board highlights need for capacity to meet margin calls in case of market shocksFinancial Times - Business -
Boeing needs to focus on solutions, not shareholders
Aerospace giant’s self-inflicted woes hold broader lessons on how not to run a company.MarketWatch - Business -
Chinese Developer Sinks After HSBC Subsidiary Files Liquidation Petition
A subsidiary of HSBC wants to liquidate debt-troubled Times China, in another instance of creditors seeking to recoup funds from developers amid China’s protracted property slump.The Wall Street Journal - World -
Bond Markets Seen Offering Opportunities Even Amid Tighter Spreads
There are opportunities in bond markets despite tighter spreads, Edmond de Rothschild Asset Management said, adding that with rates high in absolute terms, they offer some protection against any economic accident.The Wall Street Journal - World -
Manchester City's Champions League failure may mean a new-look squad is needed to get back to the top
Pep Guardiola's men will not replicate their 2023 glory and it will bring bigger questionsCBS Sports - Sports - UEFA Champions League -
CEO sold her house, liquidated 401(k) to start a beauty tech company—then she got a 6-figure ‘Shark Tank’ offer
Dawn Myers created a thermal hair infuser after being inspired by an episode of "Shark Tank" in 2017. Now, she has a 6-figure offer from the show's investors.CNBC - Business -
Wells Fargo kicks off our bank earnings Friday. Rate cuts and dealmaking will be in focus this season
First-quarter results will come against a more pleasant backdrop than last year, when Silicon Valley Bank's collapse sent shockwaves throughout the sector.CNBC - Business -
Americans think they need almost $1.5 million to retire. Experts say to focus on another number instead
Americans' "magic number" savings goal for retirement has increased by over 50% since 2020. But experts say true wealth is determined by your savings rate.CNBC - Business -
Morgan Stanley chief says ‘existential’ need for M&A will revive investment banking
Quarterly profits rise 14% after better than expected quarter for traders, investment banking and wealth management armFinancial Times - Business -
U.S. Stocks Drop After Bank Earnings
U.S. stocks slid to end another down week as JPMorgan and other big U.S. banks issued tame outlooks for the rest of the year.The Wall Street Journal - World -
Palestinian man killed after Israeli boy vanishes in West Bank
Dozens of Jewish settlers stormed a village during an Israeli search for a missing teenager.BBC News - Top stories - Israel -
Colombia's capital starts rationing water after historically low water levels
A severe drought has pushed Colombia's capital to start rationing tap waterABC News - World -
As college football transfer portal becomes more chaotic, focus on educational values continues to dwindle
With the relaxation or elimination of NCAA transfer rules, there will be more chaos than ever as more players jump to new schoolsCBS Sports - Sports -
The World Doesn’t Need More Journal Apps
We’re not sharing intimate details of our lives on the internet anymore. We don’t have to—despite the flood of tech companies looking to fill the vacuum.Wired - Tech -
Authorities 'need to do more' on racism - Bellingham
Real Madrid and England midfielder Jude Bellingham says football's authorities "need to do more" to tackle racism but he "doubts it will happen".BBC News - Top stories -
Will Banks Finally Have to Pay You More for Your Savings?
Deposit costs are still a moving target, even for the biggest banks.The Wall Street Journal - World -
Israeli Teen’s Death Ignites More Violence in West Bank
Dozens of Israelis and Palestinians were wounded during clashes at several locations across the West Bank on Saturday after a missing teenage boy was found dead.The New York Times - World - Israel -
The More People Say 'Megalopolis' Is Unsellable, the More We Need to See It
Sci-fi fiends have a long history of saving their darlings. Francis Ford Coppola’s epic Megalopolis, 40 years in the making, could be their biggest save yet.Wired - Tech -
A modern pilgrimage through Herefordshire’s Golden Valley
With nights spent in ancient churches and wayfarers’ meals at farms and pubs, this spiritual four-day walk is all about the journey – and rural England at its finest. I’m lying on my back. Directly above me is “a vault of heaven” with great wooden ...The Guardian - World -
Lloyds Bank axes risk staff after executives complain they are a ‘blocker’
Lender ‘having to say goodbye’ to employees as part of effort to ‘move at greater pace’Financial Times - Business -
Palestinian man killed after Israeli settlers storm village in West Bank
A Palestinian man was killed and several others were wounded after Israeli settlers stormed a village in the Israeli-occupied West Bank. The IDF has said the settlers were looking for a missing 14-year-old boy from their settlement.NBC News - Top stories - Israel -
Tensions Flare in West Bank After Israeli Teenager Is Found Dead
The killing, which Israel called a “terrorist attack,” prompted rioting by Israeli settlers that killed one Palestinian and raised fears of a broader escalation.The New York Times - World - Israel -
West Bank violence flares after killing of Israeli teenager
Israeli settlers torch cars and buildings in Palestinian villagesFinancial Times - World - Israel -
Bank of England Will Overhaul Its Forecasting After Inflation Surprises
The review, which was led by Ben S. Bernanke, a former Federal Reserve chair, came after the central bank had been criticized for underestimating inflation.The New York Times - Business -
Celebrity Deepfake Porn Cases Will Be Investigated by Meta Oversight Board
Social platforms have struggled to quickly remove deepfake porn depicting celebrities.Wired - Tech -
Meta action on explicit deepfakes under review by Oversight Board
Meta’s Oversight Board will review two cases about how Facebook and Instagram handled content containing artificial intelligence- (AI) generated nude images of two famous women, the board announced Tuesday. The board is soliciting public comments ...The Hill - Politics -
Biden's Fafsa Failure and Forgotten Parents
The government’s student-aid fiasco continues, but the Administration doesn’t much care.The Wall Street Journal - World - Joe Biden -
Arsenal need 'support and love' after exit - Arteta
Mikel Arteta says he must show his Arsenal side "support and love" after they were knocked out in the Champions League.BBC News - Top stories -
Sunak says Netanyahu needs to do more to ease ‘intolerable’ Gaza suffering
The Prime Minister insisted the Government has an ‘obligation’ to follow the legal advice of the conflict in the Middle East.Yahoo Sports - Sports -
Masters chairman on Caitlin Clark: ‘We need more unicorns’
Caitin Clark won’t be playing in the Masters anytime soon, but the marks she set during her run through the women’s NCAA tournament have inspired the green jackets who run Augusta.Yahoo Sports - Sports -
FBI director: 'We need much more from Mexico' on fentanyl trafficking
FBI Director Christopher Wray on Thursday said the Mexican government has been “uneven” in its assistance to U.S. law enforcement against fentanyl trafficking, agreeing with GOP critics of the Biden administration. “We need much more from Mexico,” ...The Hill - Politics -
Billions more in overseas aid needed to avert climate disaster, say economists
Pressure piles on World Bank and IMF to steer countries to low-carbon transition at spring summit. Governments of wealthy countries must pledge hundreds of billions more in overseas aid payments channelled through the World Bank to avert the worst ...The Guardian - World - Climate -
Colombia's capital starts rationing water after reservoirs hit historically low levels
Yahoo News - World -
Capitals claim NHL's final playoff spot after Flyers' desperate goalie pull late in tied game
The Flyers needed to empty their net with the score tied against the Capitals in order to keep their playoff hopes alive.Yahoo Sports - Sports - NHL -
‘We need more shade’: US’s hottest city turns to trees to cool those most in need
Phoenix broke several heat records last year. Now Grant Park, which has inequitable tree cover, is seeing a tree-planting drive that promises some respite from 100F temperatures. It was a relatively cool spring day in Phoenix, Arizona, as a ...The Guardian - World -
Canada Lifts Capital-Gains Tax to Finance New Housing Measures, Keep Deficit Steady
Canada said it would raise capital-gain taxes on corporations and wealthy individuals to finance multibillion-dollar spending measures aimed at addressing rising disillusionment among younger Canadians about their financial prospects.The Wall Street Journal - World