Is Silicon Valley Bank Getting A Government Bailout Not in the 2008 Sense
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Wait, When Did the Schlubs of Silicon Valley Learn to Dress?
Tech moguls trade hoodies for conventional style amid fresh scrutiny of the industry; dressing down “is so played out.”The Wall Street Journal - World -
How Silicon Valley’s ‘Oppenheimer’ found lucrative trade in AI weapons
Anduril Industries’ Palmer Luckey is leading the start-ups infiltrating the US government’s war machineFinancial Times - Business -
Bank of America downgraded after hot stock run, while U.S. Bancorp and PNC get boost
New analysis from HSBC says that Bank of America’s stock is reaching its target price — but there are still buying opportunities in other banking sectors.MarketWatch - Business -
The Lone Volcano in California’s Central Valley
Often called “the world’s smallest mountain range,” the Sutter Buttes are an unlikely and beloved landmark in one of the flattest parts of the state.The New York Times - Top stories - California -
8 Best Lubes (2024): Water-Based, Silicone, and Dispensers
For the most sensitive parts of the human body, friction is the enemy. Here’s how to keep it at bay.Wired - Tech -
Covid still warps our sense of time
Four years after lockdowns began we are still learning about pandemic hangoversFinancial Times - Business - Covid -
Making sense of a wrong-way bet on the yen
Among the largest developed-market peers, the Japanese currency has lost the most against the dollar this yearFinancial Times - World -
Weary of rebuilding, residents of German valley feel flat post floods
Yahoo News - World - Germany -
Stardew Valley’s 1.6 Update Is Out—Here’s Some of the Biggest Changes (2024)
The popular farming game’s major update includes a new farm type, new events, and a massive multiplayer option.Wired - Tech -
Two ministers quit government in mini-reshuffle
Education minister Robert Halfon and armed forces minister James Heappey are also standing down as MPs.BBC News - Top stories -
Redefining Your Banking Relationship
Banking is a partnership, not a transaction. And it can help Black women overcome systemic financial hurdles.Inc. - Business -
A turning point in central banking
Last week’s monetary policy moves mark a shift away from strict inflation targetingFinancial Times - World -
Former RNC chair: Trump bond decision 'makes absolutely no sense'
Former Republican National Committee (RNC) Chair Michael Steele criticized the New York appeals court's decision to pause enforcement of the multimillion-dollar judgment against former President Trump and his company over deceitful business ...The Hill - Politics - Donald Trump -
Alex Palou dominates IndyCar's first all-star race since 2008. Reigning champion led every lap
A race meant for all-stars was fittingly won by Alex PalouABC News - Sports -
Momentum stocks are outperforming S&P 500 by widest margin since 2008. Investors should be concerned.
Momentum stocks are coming off their best stretch of outperformance in years — since just before the financial crisis, in fact. That’s making some investors nervous.MarketWatch - Business -
Barclays bank payments restored after outage
The bank has apologised as some customers experienced issues with payments into and out of accounts.BBC News - Top stories -
Texas Republican on why he opposed funding bill: ‘I wanted some sense of sanity on spending’
Rep. Chip Roy (R-Texas) said Sunday he opposed the $1.2 trillion bipartisan spending bill last week because he wanted to see a "sense of sanity on spending." "I didn't want to get everything right. I mean, I wanted to, but I knew I wouldn't get ...The Hill - Politics -
Here’s how high bitcoin has to climb to make sense in a 60/40 portfolio, according to Citi
Is it now time for 55% stocks, 40% bonds and 5% bitcoin in a portfolio?MarketWatch - Business -
Fed Rate Outlook Looks Just Right for Banks
Banks look forward to relief on deposit costs but have no desire to go back to zero rates.The Wall Street Journal - World - Federal Reserve -
Beware of 'bank jugging' this tax season, police warn
Police are warning the public about "bank jugging" this tax season.The Hill - Politics -
Australia bank CEOs call for a fix to housing shortage
Yahoo News - World - Australia -
China Merchants Bank Gains on Dividend Surprise
China Merchants Bank’s shares rose after the lender surprised with a boost in its dividend ratio while annual earnings came in largely as expected.The Wall Street Journal - World - China -
Inflation Requires Caution for Brazil's Central Bank
Brazil’s central bank may have room to keep easing monetary policy gradually, but “core-services inflation underlying dynamics merit attention,” Goldman Sachs’ Alberto Ramos says.The Wall Street Journal - World - Inflation -
Treasury staff worked at bank linked to China state
The Treasury says the secondment scheme deepens ties with Asia and boosts British business.BBC News - Top stories - China -
China’s property turmoil hits midsized bank Everbright
Regional lender’s shares fall after profits miss estimates due to investment losses and increase in cash set aside for bad debtsFinancial Times - World - China -
Nikkei Rises 0.5%, Led by Machinery, Real-Estate Stocks
Japanese stocks ended higher, led by machinery and real-estate stocks, after signs of U.S. economic strength and selloffs related to the ex-dividend date on Thursday.The Wall Street Journal - World -
A Phone Call From the Government is Coercive
It has no business making private calls to media executives.The Wall Street Journal - World -
Labour starts review of government childcare plan
Bridget Phillipson tells the BBC the £4bn plan is a "mess" and calls for wider reform of provision.BBC News - Top stories -
The Government’s Struggles With Outsourcing Software Development
The bloated cost of the ArriveCAN app and new investigations into possible fraud have highlighted some problems with turning to outside companies.The New York Times - Tech -
‘They got caught up in the 2008 crash’: My friend invested $50,000 in her brother’s failed property business. On her deathbed, he pledged to repay her children. What now?
“He wants to leave his house — worth about $200,000 with a $28,000 mortgage — to his own adult children.”MarketWatch - Business -
Biden signs the $1.2 trillion government funding bill
The U.S. entered a partial government shutdown after Congress failed to pass funding legislation in time.NBC News - Politics - Joe Biden -
No government response over ambulance delay death
The family of a man who died following an eight-hour wait for an ambulance wants government action.BBC News - Top stories -
UK government ceases to be NatWest’s controlling shareholder
State’s stake in British high street bank bailed out in financial crisis has now fallen below 30%Financial Times - World - United Kingdom -
How Republicans learnt to love bigger government
A growing body on the right now believe that Medicare and other programmes must not be cut at allFinancial Times - World - Republican Party -
Why the government wants to rearrange your Apple Wallet
The Department of Justice’s antitrust case against Apple could shake up digital payments, affecting how consumers pay for everything from coffee to clothes.NBC News - Top stories - Apple -
What Bulgaria’s government collapse means for the rest of the EU
Also in this newsletter: Mark Rutte goes to ChinaFinancial Times - World -
Macron’s Government Plans Politically Risky Welfare Cuts
Yahoo News - World -
Western governments struggle to coordinate response to Chinese hacking
Experts say UK-imposed sanctions will make no difference when hacking is part of ecosystem of dealing with Beijing. With the announcement that the UK government would be imposing sanctions on two individuals and one entity accused of targeting – ...The Guardian - World -
Extremism endangers Germany's prosperity, warns central bank chief
Yahoo News - World -
As Gaza is destroyed, Israel is killing dozens of children in the West Bank
A 12-year-old Palestinian boy was shot while lighting a firework. ‘Cases like these happen quite regularly, but no one’s hearing about them,’ according to the Israeli rights group B’Tselem. “The depth of the horror surpasses our ability to ...The Guardian - World - Israel