Us Bank Deposits Drop by $98bn As Customers Pull Cash from Small Lenders
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Stacks of Cash at Menendez Home Were Not From His Bank, Prosecutors Say
The senator has said that money found in his house was from his own savings account. But prosecutors said that at least some of it came from “another person.”The New York Times - Top stories -
Bank of America Earnings Drop, Under Pressure From Higher Rates
The bank reported an 18% drop in first-quarter profit, but still topped expectations with strong performances from its Wall Street and wealth-management operations.The Wall Street Journal - World -
Investment Banking Bounceback Powers Big U.S. Lenders
Top U.S. banks, including Bank of America, JPMorgan and Goldman, posted better-than-expected earnings thanks to strong consumer spending and a flurry of Wall Street activity.The Wall Street Journal - World -
Russian military trainers arrive in Niger as African country pulls away from US
West African state turned to Russia to help in fight against insurgents throwing into doubt future of operations with US. Russian military trainers have arrived to reinforce Niger’s air defenses as the west African country pulls away from close ...The Guardian - World - Russia -
Institutional investors pull $2bn from Ashmore
Investors shift exposure away from riskier assets on back of higher interest ratesFinancial Times - World -
Pension Funds Are Pulling $325 Billion From Stocks
Some are turning to bonds or private markets after major indexes’ run to records.The Wall Street Journal - World -
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 -
Bank of America Earnings Drop 18% in First Quarter
The bank reported that it earned $6.7 billion in the first quarter of 2024.The Wall Street Journal - World -
Development funds dash for donor cash at World Bank and IMF meetings
Money to assist with debt repayment, climate resilience and poverty reduction strained amid wars and electionsFinancial Times - World -
Rescuers in Ukraine pull 5 puppies from the rubble of a building destroyed by fire
A video released by Ukraine's state emergency services show that rescue workers have pulled five puppies from underneath the rubble of a destroyed buildingABC News - World - Ukraine -
Rescuers in Ukraine pull 5 puppies from the rubble of a building destroyed by fire
Yahoo News - World - Ukraine -
Protesters slam gas group’s use of customers’ money to thwart climate efforts
Gas Leaks Project launches campaign targeting the American Gas Association, which claims nearly all utilities in the US as members. A group of advocates and Democratic senators gathered in Washington DC on Tuesday to decry utilities’ practice of ...The Guardian - World - Climate -
6 Powerful Ways to Use AI to Deliver Remarkable Customer Service
AI is great at improving and perfecting business operations--including your customer service--delivering better outcomes in the process.Inc. - Business -
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 -
U.S. Stocks Erase Early Gains
U.S. stocks extended recent declines as March retail sales increased more than expected, causing traders scale back bets on Fed rate cuts.The Wall Street Journal - World -
How Small Businesses Are Using OpenAI's New GPT-4 Turbo With Vision
OpenAI's upgraded model is impressive, but Facebook parent Meta is angling to steal the spotlight.Inc. - Business -
Could a McDonald's Commercial From the '80s Hold the Secret to Small Business Success?
Having a secret sauce is vital in this day and age.Inc. - Business -
Comex Gold Settles Lower, Silver Rises
Gold settled 0.8% lower, snapping a four-session winning streak, and silver rose 0.1%, up 14 of the past 15 sessions.The Wall Street Journal - World -
Loan growth stalls at largest US banks
Bank of America and PNC are latest to report slowdown in lending during first quarterFinancial Times - Business -
NRA Settles D.C. Lawsuit, Agreeing to Overhaul Charity Accused of Mishandling Funds
The gun group settled with the District of Columbia’s attorney general, who said it had misused tax-deductible donations. The N.R.A. denies all wrongdoing in the case.The New York Times - Top stories -
JPMorgan Chase shares drop after bank gives disappointing guidance on 2024 interest income
JPMorgan Chase on Friday posted profit and revenue that topped Wall Street estimates as credit costs and trading revenue came in better than expected.CNBC - Business -
Hepatitis C cases dropped in the US. Health officials unsure if it's a blip or trend
Federal health officials say that new U.S. hepatitis C infections dropped slightly in 2022ABC News - Health -
US stocks drop as traders weigh risks of wider war in Middle East
Oil prices recover as tech stocks lead US equities markets sharply lower and Treasury yields climbFinancial Times - World -
President Milei of cash-strapped Argentina starts another US tour, plans to meet Elon Musk
President Javier Milei of Argentina has kicked off a visit to the United States, where he'll meet with tech billionaire Elon Musk, as the libertarian leader seeks an infusion of cash to overhaul Argentina’s embattled economyABC News - World - Elon Musk -
Biden-Trump cash race heats up: 5 takeaways from latest fundraising
Candidates for various offices have submitted their fundraising totals for the first three months of the year with the 2024 election season in full steam. Groups supporting both President Biden and former President Trump have provided updates ...The Hill - Politics - Joe Biden -
Apple Drops 'State-Sponsored' Attacks Label From Its Threat Notifications
Pressure from India leads tech giant to change the wording of its warning notices, even though most malware attacks have come from government-backed hacking groups.Inc. - Business - Apple -
Australians dropping fruit and vegetables from diet amid cost-of-living crisis
ABS data shows changes in grocery consumption, prompting concerns over eating habits and the nation’s health . Get our morning and afternoon news emails, free app or daily news podcastAustralians are buying less fruit and vegetables and consuming ...The Guardian - World -
Monaco private bank faces US lawsuit based on anti-mafia laws
The case against CMB centres on a long-running dispute between two Russian businessmen over a property dealFinancial Times - Business -
Bernanke recommends Bank of England ax ‘fan charts’ but not adopt ‘dot plot’
Ben Bernanke is not bringing the dot plot that dominates the Fed’s communications to investors to the U.K.MarketWatch - Business -
What UK water can learn from global banking
Ballooning leverage and excessive financial engineering are among the unnerving parallels with the 2008 financial crisisFinancial Times - Business - United Kingdom -
Judge hears arguments from Trump co-defendants seeking to have docs charges dropped
Attorneys for Walt Nauta and Carlos De Oliveira asked a judge Friday to dismiss their charges in former President Trump's classified documents case.ABC News - Top stories - Donald Trump -
One-fourth of people dropped from Medicaid still aren't insured, survey shows
A new survey shows that almost a quarter of people who have been dropped from Medicaid during post-pandemic eligibility reviews are still uninsuredABC News - Health -
Biden mocks Trump: If Truth Social drops lower, he might benefit from my tax plan
President Biden mocked former President Trump as shares of his media company fell sharply Tuesday on the stock market. Biden, during remarks in his hometown of Scranton, Pa., was touting his tax plan and highlighting his vow that nobody earning ...The Hill - Politics - Joe Biden -
Why Biden Raising More Money Than Trump for the 2024 Election Matters
We explain the benefits — and the limits — of Biden’s fund-raising.The New York Times - Top stories - Joe Biden -
Small stocks, big problems
Does size matter any more? FT Alphaville examines the ‘death of small-caps’ narrativeFinancial Times - Business -
Biden Pulls Closer to Japan to Counter China
Also, inflation remained higher than expected. Here’s the latest at the end of Wednesday.The New York Times - Top stories - Joe Biden -
What to expect from bank earnings as high interest rates pressure smaller players
JPMorgan Chase, the nation's largest lender, kicks off earnings for the industry on Friday, followed by Bank of America and Goldman Sachs next week.CNBC - Business -
Shohei Ohtani's Interpreter Charged With Bank Fraud After Allegedly Stealing $16 Million From MLB Star
Ippei Mizuhara has been charged with unlawfully transferring $16 million from the baseball superstar’s bank account in order for Mizuhara to place bets with an illegal bookmaker.The Wall Street Journal - World - MLB -
Everton paid £30m in interest to lender with links to tax exile, documents suggest
Exclusive: Charges relate to £225m debt with Rights & Media Funding, with records suggesting a trail leading to Michael Tabor. Everton has paid about £30m in interest charges to an opaque lender associated with a tax exile, corporate records ...The Guardian - World -
Former Thames Water owner Macquarie among lenders to utility’s parent company
Australian group had been criticised for loading UK utility with debtFinancial Times - Business