The Hill S 1230 Report Dow S&p Nasdaq All Down Amid Banking Turmoil
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U.S. stocks ended mixed, with the S&P 500 and Nasdaq falling 0.2% and 0.5%, respectively, and the Dow eking out a gain of less than 0.1%. Treasury yields rose.
U.S. stocks ended mixed, with the S&P 500 and Nasdaq falling 0.2% and 0.5%, respectively, and the Dow eking out a gain of less than 0.1%. Treasury yields rose.The Wall Street Journal - World -
The Nasdaq fell 5.5% for the week, its worst such performance since 2022, while the S&P 500 dropped 3.1% and the Dow eked out a tiny gain. Oil prices climbed to $91 a barrel Friday after Israel's strike against Iran before retreating, closing up 0.2%.
The Nasdaq fell 5.5% for the week, its worst such performance since 2022, while the S&P 500 dropped 3.1% and the Dow eked out a tiny gain. Oil prices climbed to $91 a barrel Friday after Israel’s strike against Iran before retreating, closing up ...The Wall Street Journal - World -
S&P Cuts Israel's Credit Ratings on Geopolitical Concerns
S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Israel to A-plus from AA-minus, citing geopolitical risks.The Wall Street Journal - World - Israel -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
China's fiscal stimulus is losing its effectiveness, S&P says
China's fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption policies, S&P Global Ratings said.CNBC - Business - China -
Israel downgraded by S&P Global just ahead of retaliatory attack on Iran
S&P dropped Israel’s sovereign credit rating by one notch to A+ from AA-, with the outlook negative, hours before signs of fresh tensions between that country and Iran.MarketWatch - Business - Iran -
Oil market shrugs off Israeli strikes on Iran
Brent spikes above $90 before dropping close to three-week low as Tehran plays down attacksFinancial Times - Business - Israel -
Trump’s $175mn bond should be invalidated, New York attorney-general says
Letitia James’s office says former president should have to post a new bond while he appeals against civil fraud judgmentFinancial Times - Business - New York -
Warner Bros. Discovery CEO David Zaslav received pay last year valued at $49.7 million, a 27% increase from 2022 and more than three times as much as the $15.6 million median pay of S&P 500 CEOs disclosed through late March.
Warner Bros. Discovery CEO David Zaslav received pay last year valued at $49.7 million, a 27% increase from 2022 and more than three times as much as the $15.6 million median pay of S&P 500 CEOs disclosed through late March.The Wall Street Journal - World -
R.F.K. Jr.’s Environmental Colleagues Urge Him to Drop Presidential Bid
Nearly 50 leaders and activists who worked with Mr. Kennedy at an environmental nonprofit group will run ads calling on him to “Honor our planet, drop out.”The New York Times - Top stories -
Murphy fires back at Trump Jr. on Mayorkas vote: 'Republicans are full of s‑‑‑'
Sen. Chris Murphy (D-Conn.) fired back at Donald Trump Jr. on Friday for calling out three Senate Democrats who voted to end the impeachment case against Homeland Security Secretary Alejandro Mayorkas. “Your Friday morning reminder that ...The Hill - Politics - Donald Trump -
NBA playoffs: Who will meet in the Finals? Who has the most at stake this postseason? We break it all down
Who is the biggest threat to the Celtics in the East? The Nuggets in the West? And which team will be crowned champion? Our writers weigh in.Yahoo Sports - Sports -
RFK Jr.'s sister dismisses his candidacy: 'Let's talk about reality'
Kerry Kennedy is brushing off her brother, Robert F. Kennedy Jr.'s, independent presidential bid, arguing it is clear only President Biden or former President Trump will be able to secure the Oval Office in November. Kennedy was speaking with CNN ...The Hill - Politics -
U.S. measles cases reach 125 this year, topping 2022's large outbreaks
The CDC estimates the U.S. could reach 300 measles cases in 2024 — more than the recent peak two years ago.CBS News - Top stories -
Ex-Bernie Sanders Pollster Worried About RFK Jr.’s Appeal Among Crucial Voters
A Democrat warns that the independent could siphon crucial support from Biden.The New York Times - Top stories -
Iran grounds commercial aircraft across wide swath of the country as air defense systems fire amid reported explosions
Iran grounds commercial aircraft across wide swath of the country as air defense systems fire amid reported explosionsABC News - World - Iran -
Israel retaliated against Iran's massive drone and missile attack on its territory, a move that threatens to send the countries deeper into an escalatory spiral that could lead to war.
Israel retaliated against Iran’s massive drone and missile attack on its territory, a move that threatens to send the countries deeper into an escalatory spiral that could lead to war.The Wall Street Journal - World -
GOP lawmaker blames 'Gaetz and 7 useful idiots' for House turmoil
Rep. Mike Lawler (R-N.Y.) blamed Rep. Matt Gaetz (R-Fla.) and “seven useful idiots” for turmoil in the House, saying Thursday their success in ousting former Speaker Kevin McCarthy (R-Calif.) last fall is a direct cause of today's problems for ...The Hill - Politics -
The next bank bailout’s true costs may not be such a mystery
Future debates about whether to assist distressed corporations, including New York Community Bank, could be better informed by more educated guesses about costs.The Hill - Politics -
Nasdaq Logs Worst Weekly Performance Since 2022
Israel’s strike on Iran spooked markets before the open.The Wall Street Journal - World -
Building society and Co-op Bank agree takeover terms
The two lenders agree terms on a takeover deal that could be worth up to £780m.BBC News - Top stories -
This unusual combination signals either booms, bubbles or inflections, says Bank of America
There’s an unusual combination in markets this year that has happened just five times in the last 60 years.MarketWatch - Business -
Banks Believe They Are Well-Prepared for Commercial Real Estate Fallout
Banks have built up substantial reserves against office loans going bad.The Wall Street Journal - World -
Trump Media CEO Asks Nasdaq to Help Enforce Short-Selling Rules
Shares of Truth Social’s parent are up about 10% premarket, setting up another volatile session. Trump Media’s CEO asked for helping in preventing illegal naked short selling.The Wall Street Journal - World - Donald Trump -
Trump Media warns Nasdaq about "potential market manipulation" of its stock
Trump Media & Technology Group sent a letter to Nasdaq warning that so-called "naked" short selling could be impacting its stock.CBS News - Top stories - Donald Trump -
US sanctions two groups over fundraising for Israeli extremists in West Bank
The Biden administration announced Friday that it is imposing sanctions on two groups accused of fundraising for Israeli extremists in the West Bank and the leader of an organization that has assaulted Palestinians. According to the Treasury ...The Hill - Politics - Israel -
Big banks have been a bright spot in tough week for markets
Major banks sailed through commercial real-estate updates in earnings and tapped the corporate bond market — with regional banks now on deck.MarketWatch - Business -
U.S. sanctions 2 entities over fundraising for extremist West Bank settlers
The Treasury Department announced sanctions on two entities accused of fundraising for extremist West Bank settlers connected to violence against Palestinians.CBS News - Politics -
Israel and Iran: All-out war, or measured retaliation?
A full-blown Israel-Iran war would be devastating to both sides and highly destabilizing for the Middle East.CNBC - Business - Israel -
'All parties accepted' FA Cup replays should stop
The Football Association defends its decision to scrap FA Cup replays from 2024-25 and says "all parties accepted" they could not continue.BBC News - Top stories -
'The Performer' Review: All His Words a Stage
Richard Sennett argues that at all levels of life, we are playing to an audience.The Wall Street Journal - World -
Ukraine Says It Downed Russian Bomber
The downing of the Tu-22 comes as each side wrestles for control of the skies with the front lines largely deadlocked.The Wall Street Journal - World - Ukraine -
100 MPs to stand down at the next election
More than 60 are Conservatives and they include former prime minister Theresa May.BBC News - Top stories -
Reaction to Israel’s Strike in Iran Plays Down Significance
In Israel, officials described the strike as a limited response and reports from both sides suggested it did not appear to cause significant damage to military sites.The New York Times - World - Iran -
Musk's Starlink Cracks Down on Growing Black Market
Elon Musk’s SpaceX has begun a crackdown on users who are connecting to its Starlink high-speed internet service from countries where it isn’t authorized.The Wall Street Journal - Tech -
Senate Dems quickly shut down Mayorkas trial
Politico - Politics -
Stanley Cup playoffs: Players to watch, bold predictions for all 16 teams
Sixteen teams enter the NHL's thunderdome, but only one will leave with the most glorious trophy in sports. Here's your guide to each club.ESPN - Sports - NHL -
Dr. Diandra: Ranking NASCAR’s all-time best superspeedway racers
Even casual fans can probably guess the No. 1 superspeedway driver, but a few other names might be surprises.Yahoo Sports - Sports -
Here's All The Destiny 2: Into The Light Content Leaving In June
In the lead-up to The Final Shape, Bungie has detailed which parts of Into The Light will remain after June 3 and which parts of it will be going away.. First up, the new raid boss gauntlet Pantheon will be exiting Destiny 2 in June. This mode ...GameSpot - Tech -
Netanyahu’s Iran gambit leaves chance of avoiding all-out war
Attack does not compel Tehran to respond, say former officials and analysts, though they fear a line has now been crossedFinancial Times - Business - Iran