Ubs in Discussions to Buy Credit Suisse Report
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US regulator criticises Swiss handling of Credit Suisse as ‘unhelpful’
FDIC chair Martin Gruenberg says US watchdogs would shut down a giant failing bankFinancial Times - Business -
Switzerland lays out new 'too big to fail' rules in wake of Credit Suisse banking turmoil last year
The Swiss government has announced steps to bolster its “too big to fail” rules aimed to avoid potentially disastrous fallout from banking sector turmoilABC News - World -
Meta ‘discussed buying publisher Simon & Schuster to train AI’
Audio shared with the New York Times appears to record executives discussing purchase of the US books giant to feed into its large language models. Staff at technology company Meta discussed buying publishing house Simon & Schuster last year in ...The Guardian - World - Meta -
Salesforce’s stock sinks as report of talks to buy Informatica raises concerns
Salesforce’s stock slumped Monday, as a report that the business-software giant was in advanced talks to buy data-management software company Informatica Inc., which was valued at more than $11 billion, raised margin concerns.MarketWatch - Business -
North Korea is buying Chinese surveillance cameras in a push to tighten control, report says
A report from the website 38 North says that North Korea is putting surveillance cameras in schools and workplaces in a technology-driven push to monitor its population even more closelyABC News - Tech - North Korea -
We're buying a health-care stock that should be higher after reporting a strong quarter
It's the third time in recent weeks that we've added to our position in the medical device maker.CNBC - Business -
The U.S. and Russia are using a confidential channel to discuss a potential prisoner exchange that could include jailed Wall Street Journal reporter Evan Gershkovich, a senior Russian diplomat said.
The U.S. and Russia are using a confidential channel to discuss a potential prisoner exchange that could include jailed Wall Street Journal reporter Evan Gershkovich, a senior Russian diplomat said.The Wall Street Journal - World - Russia -
Switzerland Moves to Hike UBS Capital Requirements
Switzerland said UBS will have to hold substantially more capital under new rules aimed at preventing a repeat of Credit Suisse’s near-collapse last year.The Wall Street Journal - World -
Switzerland Moves to Hike UBS Capital Requirements
Switzerland said UBS will have to hold substantially more capital under new rules aimed at preventing a repeat of Credit Suisse’s near-collapse last year.The Wall Street Journal - Business -
The climate credit trap
Also in today’s newsletter, a new attack on ESG from TexasFinancial Times - World - Climate -
Oil Turns Higher on Report of Possible Iran Strike Against Israel
Crude oil futures rose on a report by Bloomberg that the U.S. and its allies believe an attack on Israel by Iran and its proxies is imminent.The Wall Street Journal - World - Iran -
Swiss government backs tougher rules for banks, causing UBS shares to drop
Switzerland’s government’s put forward plans to curb banker’s bonuses, strengthen the country’s financial regulator, and increase capital requirements for banksMarketWatch - Business -
UBS increasing capital by $25 bln is right level, say Swiss authorities
Forcing UBS to hold some $25bn more in capital would be the “right” level, according to Swiss lawmakers.MarketWatch - Business -
Biden, Japanese prime minister to discuss military partnership
President Biden will meet with Japanese Prime Minister Fumio Kishida amid concerns Chinese aggression in the Pacific could intensify in the coming years. It also comes after Mr. Biden expressed opposition to the sale of Pittsburgh-based U.S. Steel ...CBS News - Top stories - Joe Biden -
Blinken, Cameron meet in D.C. to discuss Ukraine funding
Secretary of State Antony Blinken met with U.K. Foreign Secretary David Cameron in Washington, D.C., on Tuesday to discuss new military aid for Ukraine, which has been stalled in Congress for months. CBS News intelligence and national security ...CBS News - Top stories - Ukraine -
Brian Cox and Robin Ince discuss the birds and the bees
Embracing the best Infinite Monkey Cage episodes about love and desire.BBC News - Top stories -
Biden discusses Iran's 'unprecedented' aerial attack on Israel
President Biden took a moment to address Iran's "unprecedented aerial attack" against Israel that occurred over the weekend. He said that the U.S. along with its allies was able to "defeat" the attack during a meeting with the prime minister of Iraq.NBC News - Politics - Joe Biden -
Israel war cabinet meets to discuss Iran response
Israel's military chief of staff says the attack by Iran "will be met with a response", as allies urge restraint.BBC News - Top stories - Iran -
Israeli defence minister discusses next steps in Rafah
Yahoo News - World - Israel -
Banks Strike Back Against Private Credit
Wall Street banks are gaining back ground against nonbank lenders.The Wall Street Journal - World -
No, credit-card delinquencies aren’t at a record high
A longer view shows recent delinquencies have been roughly in line with the long-term historical average.MarketWatch - Business -
Tax Guide 2024: Electric-Vehicle Tax Credits
A guide on the changing rules for federal tax credits for buying electric vehicles and home chargers.The Wall Street Journal - World -
Universal credit 'must change' to tackle sickness
Britain faces new challenges from an older and sicker population, according to a new report.BBC News - Top stories -
'Lose-lose situation': New Swiss bank laws could derail UBS' challenge to Wall Street giants
Switzerland's new banking regulations create a "lose-lose situation" for UBS and may limit its potential to challenge Wall Street, says Beat Wittmann of Porta Advisors.CNBC - Business -
Buy the Stock Market's Inflation Freakouts
Hot inflation sent stocks plunging again, but investors’ panicked first reaction overlooks some underlying reasons.The Wall Street Journal - World -
Salesforce in Advanced Talks to Buy Informatica
The deal for the data-management software firm would be among Salesforce’s largest if completed.The Wall Street Journal - World -
Father of Hamas hostage discusses meeting with Vice President Harris
Relatives of American hostages held captive by Hamas met with Vice President Kamala Harris on Tuesday afternoon. Jonathan Dekel-Chen, whose son was kidnapped on Oct. 7, joins "America Decides" to share his takeaways from the meeting.CBS News - Top stories -
Three Paramount Directors to Step Down as Company Discusses Skydance Merger
The directors’ expected departures come at a sensitive time for Paramount Global.The Wall Street Journal - World -
Biden, Japanese leader decline to say if they discussed Nippon’s buyout of U.S. Steel
U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida faced questions on the proposed $14 billion buyout at joint news conference.MarketWatch - Business - Joe Biden -
IDF colonel discusses ‘data science magic powder’ for locating terrorists
Video of official from Unit 8200 in February 2023 raises questions about Israel’s denials of use of AI in Gaza. A video has surfaced of a senior official at Israel’s cyber intelligence agency, Unit 8200, talking last year about the use of machine ...The Guardian - World -
Four Paramount Directors to Step Down as Company Discusses Skydance Merger
The directors’ expected departures come at a sensitive time for Paramount Global.The Wall Street Journal - Business -
German government crisis team to discuss Iran attack on Israel
Yahoo News - World -
EU foreign ministers to discuss de-escalation, security on Tuesday
Yahoo News - World - European Union -
Undeterred, Salman Rushdie Discusses His New Memoir, ‘Knife’
The author’s new memoir, “Knife,” addresses the attack that maimed him in 2022, and pays tribute to the wife who saw him through. “I wanted to write a book which was about both love and hatred — one overcoming the other,” he says.The New York Times - Top stories -
O.J. Simpson's death reignites discussions on his complicated legacy
O.J. Simpson, the former football star and central figure of a sensational 1995 murder trial, passed away from prostate cancer. Simpson was found not guilty of killing his ex-wife Nicole Brown Simpson and her friend Ron Goldman. The charges, the ...CBS News - Entertainment -
Europe live: EU heads meet as Belgian and Czech leaders condemn Russian meddling in elections
Alexander De Croo and Petr Fiala raise concerns about Russian interference as EU heads gather with Middle East also on the agenda. Further restrictive measures against Iran following Tehran’s attack on Israel will be discussed over dinner tonight ...The Guardian - World - European Union -
Italy commits to cut deficit despite soaring cost of tax credits
‘Superbonus’ scheme balloons to €219bn compared with €140bn estimated last yearFinancial Times - World -
Do I qualify for credit card debt forgiveness if my debts are in collections?
Credit card debt forgiveness services can help reduce your balances, but do you qualify with debts in collections?CBS News - Top stories -
Fitch cuts China credit outlook to negative on ‘uncertain economic prospects’
Rating agency voices concern as Beijing transitions from property-led growth modelFinancial Times - World - China -
Department stores face another squeeze. This time, with store credit card revenue
Store credit cards allow retailers to drive repeat purchases and make a cut of cash. Even before a new CFPB ruling, the revenue segment was under pressure.CNBC - Business