The Fed Banks Have Borrowed $165 Billion from the Fed in Past Week after Svb Failure
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A Century-Old Lending Lifeline for Troubled Banks Has a Major Flaw. The Fed Wants to Fix It.
Borrowing from the discount window carries a stigma officials hope to reduce.The Wall Street Journal - World -
Big banks have been a bright spot in tough week for markets
Major banks sailed through commercial real-estate updates in earnings and tapped the corporate bond market — with regional banks now on deck.MarketWatch - Business -
West Virginia will not face $465M COVID education funds clawback after feds OK waiver, governor says
West Virginia will not face a clawback of $465 million in COVID-19 money from the federal government, alleviating concerns raised by state lawmakers during the legislative session in MarchABC News - Top stories - Covid -
Comex Gold, Silver Settle Higher
Gold settled up 0.7% at a new record high Friday, and silver rose 1.7%, up 15 of the past 17 sessions. Both metals posted a gain for the week.The Wall Street Journal - World -
Why the Fed Should Declare Victory and Cut Interest Rates
Small-business owners are being punished by the central bank's data obsession. It needs to focus less on CPI numbers and more on boosting the economy.Inc. - Business - Federal Reserve -
Fed’s Goolsbee says ‘more sniffing’ may be needed before rate cuts
Federal Reserve Bank of Chicago president Austan Goolsbee on Friday said "more sniffing" is needed before the Fed can cut interest rates. Here's what to know.CNBC - Business -
Fed's Global Detractors Grumble as Central Bankers Debate Rate Cuts
Fed president say arate cutmight happen this September, or maybe not. At the IMF meeting, other finance chiefs tryto keep up with the shifting sands of U.S. monetary policy.Inc. - Business - Federal Reserve -
Nvidia drops 10% as investors see risk in Big Tech shares
US stock markets suffer their worst run since October 2022 as investors pull back from AI betsFinancial Times - Business -
NYCB is expected to swing to a first-quarter loss next week after estimates have tumbled
Analysts’ estimates go from profit to loss after bank’s stock plunged on material weakness and stressed loans.MarketWatch - Business -
Cramer says two recent earnings reports may indicate a slowdown is brewing — but not enough for a Fed cut
CNBC's Jim Cramer said disappointing quarters from trucker J.B. Hunt and real estate investment trust Prologis could mean an economic slowdown is brewing.CNBC - Business -
CDs vs. high-yield savings accounts: What to consider before the Fed cuts rates
If the Fed decides to cut rates soon, here's how it could affect your savings.CBS News - Top stories - Federal Reserve -
Fed’s Goolsbee says progress on inflation has stalled, makes sense to wait on interest rates
Chicago Fed president “hopeful” we will get improvement on inflation.MarketWatch - Business - Federal Reserve -
Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?MarketWatch - Business - Federal Reserve -
Fed report highlights risks to financial stability if interest rates stay higher for longer
The biggest worry for the global financial system is that the Federal Reserve keeps monetary policy tighter than expected, according to experts surveyed by the central bank.MarketWatch - Business - Federal Reserve -
Nearly 50 pounds of meth hidden in ice chest full of fish seized at border, feds say
Authorities confiscated nearly 50 pounds of methamphetamine hidden in an ice chest of fish earlier this week at the Southern border in California, federal officials said.NBC News - Top stories -
Here's what 12 European Central Bank members said about interest rates this week
The ECB has become "the central bank to be followed," one central bank governor said.CNBC - Business -
Cramer’s week ahead: Earnings from Tesla, Merck and Big Tech
CNBC's Jim Cramer said next week's PCE index report will be the real gauge of inflation.CNBC - Business -
Nuggets forward Michael Porter Jr. heads into playoffs against Lakers after trying week for family
Michael Porter Jr.'s teammates on the Denver Nuggets say their starting forward seems to be handling his family's troubles well as the team heads into the playoffsABC News - Sports - NBA -
The House appears poised to pass a $95 billion foreign-aid and weapons package Saturday after Democrats rallied behind Republican House Speaker Mike Johnson to clear a major hurdle for the measure to help Ukraine withstand Russia's invasion and help rearm Israel in its hostilities with Iran.
The House appears poised to pass a $95 billion foreign-aid and weapons package Saturday after Democrats rallied behind Republican House Speaker Mike Johnson to clear a major hurdle for the measure to help Ukraine withstand Russia’s invasion and ...The Wall Street Journal - World - Ukraine -
Vitesse Arnhem relegated from Eredivisie after 18-point deduction
Dutch club relegated in wake of Guardian and TBIJ investigationDocuments appeared to show financial ties to AbramovichThe Dutch football association has deducted 18 points from Vitesse Arnhem, officially confirming the club’s relegation, in the ...The Guardian - World -
Iranian attack on Israel was a 'spectacular failure,' CIA director says
CIA Director William Burns says Iran’s attack on Israel “turned out to be a spectacular failure” and that the U.S. hopes tensions in the region will ease.NBC News - Politics - Iran -
Apple removes WhatsApp and Threads from China store after order from government: WSJ
The removal from the app store means Chinese mobile users are unable to download and use it via VPNs, which allow users to get around the country’s firewalls.MarketWatch - Business - China -
Coban Porter sentenced to 6 years in prison for deadly DUI crash same week his brother Jontay banned from NBA
One Porter brother is banned for life from the NBA. Another is headed to prison.Yahoo Sports - Sports -
Mortgage rates have surged past 7% and home sales in March posted their biggest monthly drop in more than a year, renewing pressure on the U.S. housing market as uncertainty over real-estate commissions buffets the industry.
Mortgage rates have surged past 7% and home sales in March posted their biggest monthly drop in more than a year, renewing pressure on the U.S. housing market as uncertainty over real-estate commissions buffets the industry.The Wall Street Journal - World -
Rockies' Kyle Freeland out up to 6 weeks with elbow injury. He says pitch clock may have been factor
Colorado Rockies pitcher Kyle Freeland is expected to miss between one month and six weeks because of a strained left elbow and says the pitch clock may have been a factorABC News - Sports -
Jaden Rashada announces transfer from Arizona State, 1 year after landing there in wake of Florida NIL fiasco
Jaden Rashada's college career has been a wild ride so far.Yahoo Sports - Sports - Florida -
Ilhan Omar's daughter says she was suspended from college after pro-Palestinian protest at Columbia
Rep. Ilhan Omar's daughter says she was one of three students suspended from Barnard College following a pro-Palestinian protest at Columbia University on Thursday.CBS News - Politics -
Apple pulls WhatsApp and Threads from China app store after Beijing order
Apple said on Friday it had removed Meta Platforms’ WhatsApp and Threads from its App Store in China after being ordered to do so by the Chinese government, which cited national security concerns.NBC News - Top stories - China -
Devin Haney vs. Ryan Garcia preview, prediction: What to expect after wild buildup
When Devin Haney and Ryan Garcia finally end their feud with fists Saturday night, it has the potential to either be a one-sided beatdown or a surprisingly compelling matchup.Yahoo Sports - Sports -
Colts' tight end removed from Commissioner's Exempt List after domestic violence charges dropped
Ogletree was on the Commissioner's Exempt List for over three monthsCBS Sports - Sports -
Duke to return 3 players from last season's roster after 7th player enters transfer portal
We're about to see what Jon Scheyer is capable of.Yahoo Sports - Sports -
The $1.7 Billion Railway That Could Challenge China's Influence in Africa
A U.S.-backed railway connecting Angola to the Democratic Republic of Congo is part of a pushback against China’s Belt and Road initiative in Africa. The $1.7 billion Lobito Corridor project aims to secure vital mineral supply chains.The Wall Street Journal - World - China -
Biden Weighs More Than $1 Billion in New Arms for Israel
The Biden administration is considering supplying tank shells, mortars and vehicles in one of the largest transfers since the start of the war in Gaza.The Wall Street Journal - World - Joe Biden -
The next bank bailout’s true costs may not be such a mystery
Future debates about whether to assist distressed corporations, including New York Community Bank, could be better informed by more educated guesses about costs.The Hill - Politics -
AP Week in Pictures: Asia
April 12-18, 2024 Shoppers are terrified after a lone assailant started stabbing people at a shopping mall in Sydney; people appreciate spring flowers like cherry and azalea blossoms in Tokyo; a King Sejong statue receives a spring cleaning in ...ABC News - World -
Week Ahead for FX, Bonds
While the latest developments out of the Middle East ratchet up uncertainty across markets, investors will continue to scrutinize economic data, with focus on the U.S.The Wall Street Journal - World -
The Nasdaq fell 5.5% for the week, its worst such performance since 2022, while the S&P 500 dropped 3.1% and the Dow eked out a tiny gain. Oil prices climbed to $91 a barrel Friday after Israel's strike against Iran before retreating, closing up 0.2%.
The Nasdaq fell 5.5% for the week, its worst such performance since 2022, while the S&P 500 dropped 3.1% and the Dow eked out a tiny gain. Oil prices climbed to $91 a barrel Friday after Israel’s strike against Iran before retreating, closing up ...The Wall Street Journal - World -
'The mirror doesn’t lie': How Corey Seager’s constant pursuit of perfection created MLB’s most beautiful swing
Seager's left-handed swing is a thing of beauty. But the constant feeling that it could desert him is what turned him into MLB's new Mr. Clutch.ESPN - Sports -
Inside the Courtroom, Trump Is Trapped With His Past
He was forced to listen to much of the damage he has caused.The New York Times - Top stories - Donald Trump -
Building society and Co-op Bank agree takeover terms
The two lenders agree terms on a takeover deal that could be worth up to £780m.BBC News - Top stories