Bank Regulators Were Asleep at the Wheel Their Wake Up Call Is Overdue
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She was told her babies were dead. Instead they were sold abroad. What happened when she met them 40 years on?
Four families torn apart by Chile’s illegal adoption scandal finally found each other decades later. They describe the emotional moment they met – and how they pieced together the lives they had spent apart. For Sara Melgarejo, the wait at ...The Guardian - World -
Naming and shaming banks is a regulatory insight too far
The Financial Conduct Authority already has deterrence tools at its disposalFinancial Times - Business -
Stocks Fall After GDP, Inflation Data
Stocks and government bonds fell sharply after fresh data showed the U.S. economy slowed in the first quarter.The Wall Street Journal - World -
European commercial real estate deal making slumps to 13-year low
Seventh successive quarter of declining volumes dashes hopes for revival as high interest rates continue to biteFinancial Times - Business - Europe -
Is Britain suffering from a ‘sick note culture’?
Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solutionFinancial Times - Business - United Kingdom -
Sequoia commits to backing Musk’s xAI start-up
Venture capital firm is among investors that entrepreneur is wooing as he seeks to gain ground on rivalsFinancial Times - Business -
Harvey Weinstein’s rape conviction in New York overturned on appeal
State appeals court found mistakes in prosecution of former film mogul that gave momentum to #MeToo movementFinancial Times - Business - New York -
Nomura profits soar as Japan’s stock market breaks bubble-era record
Investment bank and brokerage boosted by surging stock and fixed-income tradingFinancial Times - Business -
Thoma Bravo to buy UK-listed Darktrace for £4.3bn
Offer comes less than two years after private equity group held talks about buying cyber security companyFinancial Times - Business -
Thoma Bravo to buy UK-listed Darktrace for £4.3bn
Offer comes less than two years after private equity group held talks about buying cyber security companyFinancial Times - Business -
Connecticut Senate passes wide-ranging bill to regulate AI. But its fate remains uncertain
The Connecticut Senate has passed one of the first major legislative proposals in the U.S. to rein in bias in artificial intelligence decision-making and protect people from harmABC News - Tech -
Federal regulator finds Tesla Autopilot has 'critical safety gap' linked to hundreds of collisions
Federal authorities say a “critical safety gap” in Tesla’s Autopilot system contributed to at least 467 collisions, 13 resulting in fatalities and “many others” resulting in serious injuries.NBC News - Top stories - Tesla -
Federal regulator finds Tesla Autopilot has 'critical safety gap' linked to hundreds of collisions
Federal authorities say a "critical safety gap" in Tesla's Autopilot system contributed to at least 467 collisions, 13 resulting in fatalities.CNBC - Business - Tesla -
U.S. Regulators Tie Tesla's Autopilot to More Than a Dozen Fatalities, Hundreds of Crashes
The NHTSA launched a new probe into the adequacy of a two-million vehicle recall in December, after discovering more crashes linked to the controversial technology.The Wall Street Journal - Business -
Inflation picks up
Presented by BP — {beacon} Business & Economy Business & Economy PRESENTED BY The Big Story Inflation picks up in March The Federal Reserve’s preferred inflation gauge ticked up slightly in March as many Americans saw bumps in their paychecks ...The Hill - Politics - Inflation -
In a Memo to Employees, Delta’s CEO Announced They Were Getting Raises. These 5 Words Stuck Out
Delta is giving out raises for the third year in a row. It's a lesson for every leader.Inc. - Business -
FCC votes to bring back Obama-era ‘net neutrality’ rules that were repealed under Trump
The Federal Communications Commission voted Thursday to restore the policy of net neutrality, a set of rules that requires broadband internet providers to treat all internet traffic more or less equally.NBC News - Top stories - Donald Trump -
Save the Children Says Its Guatemala Offices Were Searched Over Abuse Claims
Prosecutors in Guatemala, which has a history of targeting nonprofit groups, said they were probing claims of child abuse, which the charity denied.The New York Times - World -
Former NFL GM confused by Falcons drafting Michael Penix Jr.: 'Hard to wrap around what they were thinking'
Rick Spielman laid out his thoughts on Day 1's most controversial selectionCBS Sports - Sports - NFL -
Israel bombed areas it told Palestinians were safe, NBC News investigation shows
NBC News investigates 7 deadly airstrikes, reveals Palestinians killed in Israeli-designated Gaza 'safe zones'NBC News - Top stories - Israel -
The family of Mexican serial killer's first known victim protest at the site where bones were found
The family and supporters of a missing woman who may have been the Mexico City serial killer’s first known victim are protesting at the site where bones were found last weekABC News - World -
Microsoft earnings were solid — and here’s why they’re primed to get even better
Azure hasn’t had quite enough capacity to meet booming AI demand, and Copilot software tools should contribute more later this year.MarketWatch - Business -
NBC News investigation reveals Israel strikes on Gaza areas it said were safe
Yahoo News - World - Israel -
A suspect is in custody after 5 people were shot in the nation's capital, police say
Police say six people were shot outside a nightclub in the nation’s capitalABC News - Top stories -
Federal auto-safety regulators are examining the adequacy of Tesla's recall of two million vehicles with Autopilot software, tying the technology to at least 14 fatalities and hundreds of crashes.
Federal auto-safety regulators are examining the adequacy of Tesla’s recall of two million vehicles with Autopilot software, tying the technology to at least 14 fatalities and hundreds of crashes.The Wall Street Journal - World -
BNP Paribas bets on investment bank for growth despite bond trading blip
Eurozone’s largest bank forecasts rise in full-year profits and revenues even as interest rates are expected to fallFinancial Times - Business -
Trading helps lift Deutsche Bank to highest quarterly profit in 11 years
First quarter net income increased by 10% from a year earlier to €1.45bnFinancial Times - Business -
Commodity prices could keep inflation high, warns World Bank
Sharp falls in commodities are unlikely to continue, says lender, making it harder for central banks to cut interest ratesFinancial Times - Business -
Barclays shares surge as bank beats forecasts despite drop in profits
Barclays posted a 13% drop in its first quarter profits as lower fee income and a drop in the value of its loans and deposits caused its income to slumpMarketWatch - Business -
Commodity prices could keep inflation high, warns World Bank
Sharp falls in commodities are unlikely to continue, says lender, making it harder for central banks to cut interest ratesFinancial Times - World -
Turkish Central Bank Stays Hawkish Despite Likely Hitting Peak
Turkey’s central bank took a hawkish tone as it held its policy rate at 50%, Liam Peach, senior emerging markets economist at Capital Economics, says.The Wall Street Journal - World - Turkey -
Bank of Japan Holds Rates Steady, Expects Inflation to Stay Around 2%
The Bank of Japan kept its interest-rate target unchanged, a month after it made its first rate increase in 17 years.The Wall Street Journal - World - Japan -
Cannabis banking measure to be left out of FAA bill, industry exec says
Dutchie’s Bryan Barash said he’s disappointed that the SAFER Banking Act won’t be included in FAA funding bill.MarketWatch - Business -
Deutsche Bank braces for €1.3bn hit to profits from Postbank litigation
Court has warned lender it is likely to lose parts of complex lawsuit brought by former shareholders of rivalFinancial Times - Business -
'On Giving Up' Review: Taking No Sides
To give up can mean to quit a habit, such as smoking, or to lose enthusiasm for living. What connects these notions philosophically?The Wall Street Journal - World -
Ryan Garcia claims pre-fight antics were all a ruse; Oscar De La Hoya says 'King Ry' won't fight at 140 again
Garcia and his promoter have some big plans after their big win this past weekendCBS Sports - Sports -
Rudy Giuliani and Mark Meadows were indicted, along with 16 others, in Arizona for their alleged efforts to overturn Trump's November 2020 election defeat in the state.
Rudy Giuliani and Mark Meadows were indicted, along with 16 others, in Arizona for their alleged efforts to overturn Trump’s November 2020 election defeat in the state.The Wall Street Journal - World -
‘We were all set to enjoy our retirement’: My son invested in startups and we bailed him out with $100,000. What now?
“When we agreed to help, it was with the understanding that this debt would be paid back with his share of inheritance.”MarketWatch - Business -
2024 NFL Draft: Kirk Cousins had no idea the Falcons were going to take QB Michael Penix Jr. in Round 1
Cousins' agent confirmed their camp 'had no idea this was coming'CBS Sports - Sports - NFL -
Tensions ratchet up between China and the west
Also in this newsletter: new weapons for Ukraine, German recovery, the value of loyaltyFinancial Times - World - China