Warren Blames Congress for Entirely Avoidable Bank Failures
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Congress could finally take a stand on crypto
A U.S. stablecoin bill could come into focus in May that aims to create a new regulatory framework for digital assetsMarketWatch - Business -
Elizabeth Warren Calls for Crackdown on Crypto’s Role in Child Sexual Abuse
US senators have called for fresh scrutiny of crypto’s role in paying for child sexual abuse imagery online, a problem that they say has worsened.Wired - Tech -
Meet Cait Bailey, Who Does PR for Alex Cooper, Alix Earle and Zayn Malik
The publicist is by the side of famous people like Zayn Malik, Alex Cooper and Alix Earle. She’s dating a famous chef. But she’d prefer to keep a low profile.The New York Times - Lifestyle -
Congress passed a TikTok bill. Will the US really ban the app?
A bill passed by Congress and signed by Biden requires owner ByteDance to sell or face a US ban – it’s its biggest threat yet. Senate passes bill banning TikTok if parent company does not sell itThe House of Representatives passed a bill that ...The Guardian - World - Tiktok -
Fauci to testify before Congress for the first time since stepping down
Anthony Fauci, former chief medical adviser to President Biden, will testify before the House Select Subcommittee on the Coronavirus Pandemic on June 3, making it the first time he will appear before a congressional panel since leaving government ...The Hill - Politics -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - World -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - Business -
'Just not good enough' - Klopp takes blame for derby defeat
Liverpool manager Jurgen Klopp says his side were "just not good enough" in their 2-0 Premier League defeat to Merseyside rivals Everton at Goodison Park.BBC News - Top stories -
Spanish PM considers resigning, blaming political ‘harassment’ of wife
Pedro Sánchez halts public duties, hitting out at opponents after court launches inquiry into alleged corruption by Begoña Gómez. Q&A: why is Sánchez considering resigning from office?. Spain’s socialist prime minister has cancelled his public ...The Guardian - World -
If Arizona Repeals Its Abortion Ban, the Far Right Won’t Blame Trump
He’s the only one allowed to be wobbly on abortion.The New York Times - Top stories - Donald Trump -
Global heating and urbanisation to blame for severity of UAE floods, study finds
World Weather Attribution group says intensified El Niño effects caused torrential rain, but rules out cloud seeding as cause. Fossil fuels and concrete combined to worsen the “death trap” conditions during recent record flooding in the United ...The Guardian - World -
Red Lobster seeks a buyer as it looks to avoid bankruptcy filing
Beleaguered seafood chain Red Lobster is looking for a buyer to avoid filing for bankruptcy as it contends with slower sales and costly leases.CNBC - Business -
IRA rollovers: what to watch out for — and how to avoid the sharks
A new Department of Labor rule, which goes into effect in September, requires that anyone who offers advice about rollovers to be a fiduciary.MarketWatch - Business -
Red Lobster seeks a buyer as it looks to avoid bankruptcy filing
Beleaguered seafood chain Red Lobster is seeking a buyer as it looks to avoid filing for bankruptcy, CNBC has learned.NBC News - Top stories -
Lakers, 76ers beware: Blaming NBA referees for Game 2 outcomes is a loser's mentality
The Lakers and 76ers had complaints about officiating following Game 2 losses, but there were plenty of other reasons both teams lost Monday night.Yahoo Sports - Sports - NBA -
Share of college students blaming Hamas for Oct. 7 attack on Israel declines in new poll
A new poll shows the share of U.S. college students who blame Hamas for the Oct. 7 attack on Israel has declined by more than 10 points in the last six months.NBC News - Top stories - Israel -
Share of college students blaming Hamas for Oct. 7 attack on Israel declines in new poll
A new poll shows the share of U.S. college students who blame Hamas for the Oct. 7 attack on Israel has declined by more than 10 points in the last six months.NBC News - Politics - Israel -
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 -
Mead hits 1st homer of the season and Rays beat Tigers 7-5 to avoid the 3-game sweep
Curtis Mead hit his first homer of the season and the Tampa Bay Rays beat the Detroit Tigers 7-5 to avoid a three-game sweepABC News - Sports - MLB -
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - Business -
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 -
Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say
Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of deliberations ...The Wall Street Journal - World -
Bank of Japan could intervene this week to boost the yen as currency hits 34-year low
The Bank of Japan could intervene to support the yen as soon as Friday, possibly in a move coordinated with the Bank of Korea to help maximize its impact, according to Steven Barrow, head of G-10 strategy at Standard Bank.MarketWatch - Business -
Woman, 74, who allegedly robbed bank may have been scam victim, family says
Ann Mayers entered AurGroup Credit Union on April 19 and "demanded money while displaying a handgun," police said.CBS News - Top stories -
Goldman Sachs and Bank of America shareholders reject proposals to separate chair and CEO roles
Votes mark victories for Goldman’s David Solomon and Bank of America’s Brian Moynihan.MarketWatch - Business -
JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
The escalation shows how American banks are struggling to navigate American sanctions rules more than two years after Russia's invasion of Ukraine.CNBC - Business -
Barclays shares up 4% as bank swings back to profit in first quarter amid strategic overhaul
Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.CNBC - Business -
Chip sector due a May bounce with Nvidia near ‘trough valuation,’ say Bank of America strategists
The big-tech trade is having a wobble. But chip stocks are due a rebound, say Bank of America strategists.MarketWatch - Business -
Deutsche Bank expects fewer U.S. commercial real estate provisions in second half
Deutsche Bank, one of the banks most exposed to U.S. commercial real estate, reported elevated levels of credit-loss provisions for a second straight quarter but said they will start to gradually decline.MarketWatch - Business -
Oil price could exceed $100 a barrel if Middle East conflict worsens, World Bank warns
Increase in cost of crude could drive inflation up and force central banks to keep interest rates high. • Business live – latest updates. A serious escalation of tensions in the Middle East would push the price of oil above $100 (£80) a barrel and ...The Guardian - World