Twitter Fueled Bank Run
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'That's all we've known growing up': Chippiness fueling Magic's playoff run
The Magic must rely more on what got them back into their first-round series -- - physicality and a bit of trash-talking.ESPN - Sports -
Jack Dorsey praises Twitter as 'freedom technology' as he leaves Bluesky board
Former Twitter CEO Jack Dorsey praised the platform he founded, now known as X, as “freedom technology” on Saturday, shortly after revealing he was no longer serving on the board of directors for Bluesky. Dorsey confirmed that he had left Bluesky ...The Hill - Politics -
Israel-Gaza war live: Gaza risks running out of fuel tonight, UN chief warns, after border crossings closed
António Guterres says closure of both Rafah and Kerem Shalom crossings ‘is especially damaging to an already dire humanitarian situation’. Full report: Israel says forces take control of Rafah crossingIsraeli assault on Gaza city of Rafah: what we ...The Guardian - World - Israel -
Norges Bank Holds Rates, Hints at Later Cut
Norway’s central bank held its key policy rate at 4.5% and reiterated that it was likely to stay at that level for some time, as high wage growth and a weak krone keep inflation elevated.The Wall Street Journal - World -
Bank holiday weather: Will it be warm or wet?
It's been warming up this week but could rain spoil your plans for the long weekend?BBC News - Top stories -
Danske Bank Outlook on Track as Demand Sustained
Danske Bank backed its full-year guidance after reporting in-line first-quarter earnings on good demand for its products, efficiency gains and strong credit quality.The Wall Street Journal - World -
Weaker-Than-Expected Payrolls Push Down Dollar
The dollar fell in a week when the Fed was perceived as not too hawkish—after Chair Powell kept a rate hike off the table— and payrolls surprised to the downside, for a change.The Wall Street Journal - World -
Cryptofinance: Stablecoins encroach on shadow banking system
Plus, CZ gets four months and outflows from bitcoin ETFsFinancial Times - World - Crypto -
Danske Bank Outlook on Track as Demand Sustained
Danske Bank backed its full-year guidance after reporting in-line first-quarter earnings on good demand for its products, efficiency gains and strong credit quality.The Wall Street Journal - Business -
How divided is the Bank of England’s policy committee?
Market Questions is the FT’s guide to the week aheadFinancial Times - World -
Agustín Carstens: ‘the Basel regime has been very good for the banks’
The BIS head on making global banking betterFinancial Times - World -
Texas Ban on 'Woke' Banks Opens Door for Smaller Firms
The political conflict over socially conscious finance has Wall Street heavyweights pulling back in Texas, the nation’s top issuer of state and local debt, with $42 billion last year.The Wall Street Journal - World - Texas -
Investors Were Burned by European Banks for Years---Until Now
After years in the doldrums, European banks have cleaned up their balance sheets. The result: Stock prices have surged.The Wall Street Journal - World -
Israeli forces kill five people in raid near West Bank’s Tulkarm
Hamas confirms four of five people killed during raid in village of Deir al-Ghusun were from its armed wing. Middle East crisis – live updatesIsraeli forces killed five Palestinians in an overnight raid in a village near the city of Tulkarm in the ...The Guardian - World - Israel -
Bank Indonesia ‘ready for the worst’ in face of hawkish Fed and currency volatility
Senior monetary official says central bank prepared to do more after intervening to shore up rupiahFinancial Times - World -
Citi sees ‘coiled spring’ for bank stocks, with Hancock Whitney in the spotlight
Citi analyst Ben Gerlinger sees bank stock as “attractive” for significant gains over the summer.MarketWatch - Business -
UBS Stock Rallies After Bank Swings Back to Profit
The Swiss bank posted a $1.8 billion net profit in the first quarter, triple the roughly $600 million that analysts were expecting. Revenue was higher and costs were lower than had been forecast.The Wall Street Journal - World -
UBS shares surge as bank returns to profit following takeover of Credit Suisse
UBS shares surged 8% on Tuesday as the bank outstripped analysts’ expectationsMarketWatch - Business -
Bernie Sanders to run for reelection in November
Sen. Bernie Sanders (I-Vt.) is running for a fourth term in the Senate, he announced Monday, likely cementing the longtime progressive for the coming years in the upper chamber. "This is the most important national election in our lifetimes," ...The Hill - Politics -
Societe Generale chief defends controls after Hong Kong trader’s unauthorized bets
The French banks both outstripped analysts’ expectations, causing their share prices to surgeMarketWatch - Business - Hong Kong -
Inside US airport terminals, banks are merging elite travel clubs with branch offices
Airport terminal bank branches with airline club amenities are growing as financial brands seek to catch the attention of travelers and remote workers.CNBC - Business -
Private equity firms step up plans to edge banks out of low-risk lending
Apollo issues record $40bn of loans in the first quarter, mirroring growth at rivals including KKR and BlackstoneFinancial Times - Business -
The CEO Who Hired His Wife, Gave His Dog a Title, and Brought Down a Bank
Vernon Hill, the builder of Commerce Bank and Metro Bank, was also behind toppled Republic First.The Wall Street Journal - World -
Island's only shop saved from closure after bank returns £12k stolen in fraud
Cyber criminals stole thousands from Rathlin's Co-Op Shop, putting its future in doubt.BBC News - Top stories -
TD Bank’s stock drop on money-laundering probe overblown says KBW analyst, but Jefferies is not so sure
Jefferies cuts TD’s price target on fears of a “lost decade” while KBW reiterates outperform rating in more bullish stance.MarketWatch - Business -
UBS shares pop 9% as Swiss bank returns to profit after Credit Suisse takeover
It is the Swiss banking giant's first earnings report in the black since it completed the acquisition of fallen rival Credit Suisse.CNBC - Business -
European banks need more than fear of missing out to perform from here
Europe’s lenders have yet to shake off a deserved reputation for unforced errorsFinancial Times - Business -
Australia’s central bank says higher inflation could push rate cuts to 2025
RBA raises forecast for price growth in hawkish shift as global central banks pivot to higher-for-longer ratesFinancial Times - World - Australia -
RBA’s policy options are running short, says JBWere
With inflation proving sticky, the Reserve Bank of Australia doesn’t have the option of simply holding interest rates higher for longer, with further increases now looking likely, a leading forecaster says.MarketWatch - Business -
Kentucky Derby fans pack the track for the 150th Run for the Roses
Fans packed into Churchill Downs Saturday for the 150th Kentucky Derby, the longest continuously held sporting event in the country, and many said they felt the milestone made race day feel extra special this yearABC News - Sports -
'Bullies inspired me to run 1,000 marathons'
Steve Edwards, known as 'The Godfather', hopes to set a new world record.BBC News - Top stories -
Zebra on the run for nearly a week in Washington found in woods
The female mare, named Shug, was one of four zebras that escaped a trailer in Washington state on April 28.ABC News - Top stories -
Trump accuses Biden officials of running 'Gestapo' organization
As his criminal hush money trial heads into the third week, former President Donald Trump ignited new controversy during a private retreat with top Republican donors and potential running mates where he compared the Biden White House to the ...NBC News - Politics - Joe Biden -
Bernie Sanders to run for fourth term in US Senate
Independent senator, 82, stresses need to improve healthcare and protect abortion rights – and condemns ‘extremist’ Netanyahu. Bernie Sanders, the Vermont independent senator and former candidate for the Democratic presidential nomination, ...The Guardian - World -
Social Security Funds Are Running Dry. Don't Panic.
Congress faces tough decisions about the program’s finances, but there may be an easier political path.The Wall Street Journal - World -
The Nintendo Switch has had a great run
Gaming group’s pledge for console successor comes after guidance of profit declineFinancial Times - World