Lawmakers Scold Fed over Silicon Valley Bank Collapse
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In Silicon Valley, You Can Be Worth Billions and It’s Not Enough
Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.The New York Times - Tech -
Stripe co-founder says high interest rates flushed out Silicon Valley's 'wackiest' ideas
Rising interest rates in the past couple of years had a chilling effect on Silicon Valley, but Stripe co-founder John Collison said it was healthy.CNBC - Business -
Micron secures $13bn in US support to expand chipmaking capacity
Idaho-based memory chipmaker is latest beneficiary of funding from 2022 Chips ActFinancial 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 -
Europeans ‘less hard-working’ than Americans, says Norway oil fund boss
Tangen finds US investments more attractive due to weaker regulations and more risk-takingFinancial Times - Business -
Humza Yousaf faces knife-edge confidence vote after collapse of Scottish coalition
Greens to back opposition motion against first minister following breakdown of power-sharing deal with SNPFinancial Times - Business -
Stocks Fall After GDP, Inflation Data
Stocks and government bonds fell sharply after fresh data showed the U.S. economy slowed in the first quarter.The Wall Street Journal - World -
German lawmakers assail far-right party over alleged China, Russia links following spying arrest
The German government and opposition lawmakers have assailed the far-right Alternative for Germany for its alleged closeness to Russia and China after an assistant to a legislator for the party was arrested on suspicion of spying for BeijingABC News - World - Germany -
WATCH: Tourists flock to see Death Valley in bloom
Gorgeous fields of wildflowers are taking over California with bright yellow daisies even popping up in Death Valley, the driest and hottest place in America.ABC News - Top stories -
10 Best Lubes (2024): Water-Based, Silicone, and Lube Dispensers
For the most sensitive parts of the human body, friction is the enemy. Here’s how to keep it at bay.Wired - Tech -
Watch Rickie Fowler ace the third hole at Pine Valley
Fowler's hole-in-one was recorded while he was playing with Justin Thomas at the top-ranked club.Yahoo Sports - Sports -
Inside Lawmakers’ Secretive Push to Pass the TikTok Bill
A tiny group of lawmakers huddled in private about a year ago, aiming to keep the discussions away from TikTok lobbyists while bulletproofing a bill that could ban the app.The New York Times - Top stories - Tiktok -
Johnson, GOP lawmakers heckled at combative Columbia event
Speaker Mike Johnson (R-La.) and Republican lawmakers were repeatedly and loudly heckled during a combative press conference at Columbia University on Wednesday as they gathered to condemn antisemitism and the pro-Palestine demonstrations taking ...The Hill - Politics -
Inside Lawmakers’ Secretive Push to Pass the TikTok Bill
A tiny group of lawmakers huddled in private about a year ago, aiming to keep the discussions away from TikTok lobbyists while bulletproofing a bill that could ban the app.The New York Times - Business - Tiktok -
Inside Lawmakers’ Secretive Push to Pass the TikTok Bill
A tiny group of lawmakers huddled in private about a year ago, aiming to keep the discussions away from TikTok lobbyists while bulletproofing a bill that could ban the app.The New York Times - Tech - Tiktok -
Would Trump Move to Control the Fed?
Allies of the former president are said to be devising plans to reduce the central bank’s independence if he is re-elected, a move that would have big consequences for monetary policy.The New York Times - Business - Donald Trump -
Would Trump Move to Control the Fed?
Allies of the former president are said to be devising plans to reduce the central bank’s independence if he is re-elected, a move that would have big consequences for monetary policy.The New York Times - Top stories - Donald Trump -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - World -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - Business -
First Citizens’ stock touches all-time high on first-quarter earnings, while Valley National shares drop
First Citizens Bancshares Inc.’s stock rose on stronger-than-expected profit and a boosted outlook for net interest income on Thursday, roughly a year after the big regional bank acquired the beleaguered Silicon Valley Bank.MarketWatch - Business -
Moulin Rouge windmill sails collapse in Paris
Blades of famous cabaret venue, home of the French can-can, fall from roof overnight. The home of the high-spirited French can-can has been laid temporarily low after the sails of the red-painted windmill on top of the Moulin Rouge, the most ...The Guardian - World - France -
Trump's allies are quietly drafting proposals that would attempt to erode the Federal Reserve's independence if the former president wins a second term, in the midst of a deepening divide among his advisers over how aggressively to challenge the central bank's authority.
Trump’s allies are quietly drafting proposals that would attempt to erode the Federal Reserve’s independence if the former president wins a second term, in the midst of a deepening divide among his advisers over how aggressively to challenge the ...The Wall Street Journal - World -
The Dream of Fed Rate Cuts Is Slipping Away
Investors are backing away from expectations that the central bank can reduce rates in coming months, hitting markets.The Wall Street Journal - World - Federal Reserve -
Stubborn Inflation Could Prod Fed to Keep Rates High for Longer
Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.The New York Times - Top stories - Federal Reserve -
Fed’s preferred inflation metric rose to 2.7% in March
Figures come day after US first-quarter growth data prompt investors to push back interest rate cut expectationsFinancial Times - Business -
Fed’s preferred inflation metric rose to 2.7% in March
Figures come day after US first-quarter growth data prompt investors to push back interest rate cut expectationsFinancial Times - Business -
Trump Allies' Plan Would Weaken Fed's Independence
Under the proposal, Fed Chair Jerome Powell could be removed before his term ends in 2026 and the central bank would have to consult Trump on interest rate moves.Inc. - Business - Donald Trump -
A Brief History of Fed's Uneasy Peace With the White House
Central bankers are haunted by the danger of political meddling in inflation-control policies.The Wall Street Journal - World -
Trump's potential plan for Fed raises alarms
Former President Trump's potential plan to exert more influence over the Federal Reserve is alarming experts and investors. The Wall Street Journal reported Thursday that a group of Trump allies is crafting ways to chip away at the independence of ...The Hill - Politics - Donald Trump -
Trump Media asks lawmakers to investigate "unlawful trading activity"
Trump Media CEO Devin Nunes is asking four House committees to investigate possible "naked" short selling in the company's shares.CBS News - Top stories - Donald Trump -
A Greek lawmaker faces a criminal charge for allegedly punching a colleague
A far-right Greek lawmaker has been charged with criminal assault for allegedly punching a colleague on the sidelines of a parliamentary debateABC News - World -
Lawmakers push Wall Street giveaway disguised as increased worker security
If members of Congress want to improve retirement security, they should expand Social Security rather than Wall Street-favored individual savings and investment schemes.The Hill - Politics -
Black lawmakers mourn the death of New Jersey Rep. Donald Payne Jr.
Following the news Wednesday of the passing of Rep. Donald Payne Jr. (D-N.J.), Black lawmakers shared memories and statements of support for the late lawmaker's family. In a statement, the Congressional Black Caucus (CBC) highlighted the work ...The Hill - Politics -
Tennessee lawmakers join movement allowing some teachers to take guns into schools
Some public school teachers could gain new powers to bring concealed guns into Tennessee schoolsABC News - Health -
Bavarian lawmakers again lift immunity of embattled AfD politician
Yahoo News - World -
Sweden should spend more on defense and increase the number of conscripts, lawmakers recommend
Yahoo News - World -
Sweden should spend more on defense and increase the number of conscripts, lawmakers recommend
A Swedish parliament committee says Sweden should increase its annual military budget by nearly 54 billion kronor ($5 billion) by 2030 to strengthen its air defenses and increase the number of conscripts, among other measuresABC News - World -
NY lawmakers propose conditioning federal funding on monitoring of antisemitism
Two New York lawmakers are proposing legislation that could condition federal funding for universities to stricter monitoring of on-campus antisemitism. Reps. Ritchie Torres (D-N.Y.) and Mike Lawler (R-N.Y.) plan to introduce the College Oversight ...The Hill - Politics