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US banking lobby sues Fed over stress test framework
Announcement comes a day after central bank unveiled proposed changes to annual examinationsFinancial Times - 1h -
Spreading Famine Threatens Hundreds of Thousands of Lives in Sudan, Panel Warns
Some 24.6 million people—half of Sudan’s population—are experiencing food insecurity, which cements its status as the world’s worst hunger hot spot.The Wall Street Journal - 4h -
Nay wa Mitego, the Tanzanian rapper who has been banned, jailed and threatened but says he won’t stop
Making hip-hop critical of the government has caused him trouble, but Nay insists his music is a force for change. Tanzanian rapper Nay wa Mitego loathes the thought of the number of times he’s had ...The Guardian - 6h -
The Fed’s Stuck in a Wrestling Match With Financial Markets
Investors and the central bank can’t get on same page about where interest rates are headed.Inc. - 23h -
Israel Intercepts Houthi Missile and Threatens Militant Group’s Leaders
Israel said it had shot down a missile fired by Houthi militants in Yemen, hours after Israel’s defense minister threatened to “behead” the group’s leadership.The New York Times - 6h -
Fed says it is weighing changes to bank tests for systemic risk
Overhaul could alter the models for hypothetical losses, averaging results over two years to cut results’ volatilityFinancial Times - 19h -
Indian fans fed up with paying top prices for stinking toilets and traffic jams at concerts
India is fast becoming a major live industry market but poor facilities at concerts have left fans unhappy.BBC News - 19h -
Trump threatens to take the Panama Canal
President-elect Donald Trump made comments threatening to take back the Panama Canal based on what he said were high costs that ships are encountering. CBS News' Cristian Benavides reports.CBS News - 22h -
The coming global interest-rate collapse will force Fed to cut four times in 2025
Economic pain worldwide will trigger capital flight to U.S. Treasurys, driving down those yields, investment manager Louis Navellier says. The Fed will follow.MarketWatch - 23h -
Trump threatens to retake control of Panama Canal, picks Mark Burnett for special envoy to U.K.
President-elect Donald Trump, now a month away from returning to the White House, threatened to reclaim control of the Panama Canal as he spoke Sunday at Turning Point USA's America Fest in ...CBS News - 1d -
Congress Delays Threatened DJI Drone Ban for a Year
The 2025 National Defense Authorization Act passed without an amendment effectively banning the China-made drones, but left a door open for a prohibition in 12 months.Inc. - 1d