After Svb Collapse Fed and Lawmakers Eye Bank Rules
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A Century-Old Lending Lifeline for Troubled Banks Has a Major Flaw. The Fed Wants to Fix It.
Borrowing from the discount window carries a stigma officials hope to reduce.The Wall Street Journal - World -
West Virginia will not face $465M COVID education funds clawback after feds OK waiver, governor says
West Virginia will not face a clawback of $465 million in COVID-19 money from the federal government, alleviating concerns raised by state lawmakers during the legislative session in MarchABC News - Top stories - Covid -
UEFA Champions League coefficient: What to know as Italy secures a fifth UCL spot and England collapses
Spain rallies to keep Europe's second spot but loses both Barcelona and Atletico MadridCBS Sports - Sports - UEFA Champions League -
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 -
Eye Opener: Israel's missile strike on Iran could lead to a larger war
Israel launches a strike on Iran, risking a wider war. Also, two jets nearly collide on a busy U.S. airport runway. All that and all that matters in today’s Eye Opener.CBS News - Top stories - Iran -
Inside the case against caregiver accused of poisoning friend with eye drops
Jessy Kurczewski is accused of killing her good friend by poisoning her with eye drops. Jericka Duncan reports on the case in this week's "48 Hours."CBS News - Top stories -
EY’s Wirecard audits marred by ‘repeated grave’ violations, says watchdog
Big Four firm botched audit work and quality control over several years, Apas concludes in multiyear investigationFinancial Times - Business -
Lorelei and the Laser Eyes preview: Overclock your thinking cap
Lorelei and the Laser Eyes is a new title from Simogo and Annapurna that'll be sure to give your brain a run for its money.VentureBeat - Tech -
WeWork Eyes Exit From Chapter 11 Without Additional Bankruptcy Loans
Co-working space provider WeWork plans to exit bankruptcy without taking on more loans to fund the rest of its chapter 11 proceedings.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 -
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 -
The biggest wave ever surfed? Sebastian Steudtner eyes record from Nazaré – video
Germany’s Sebastian Steudtner may have surfed the biggest ever wave in Nazaré, Portugal earlier this season. The wave, calculated using drone technology, was measured at 28.57 metres. If officially ratified by the sport, it will surpass ...The Guardian - World -
Biden Administration Releases Revised Title IX Rules
The new regulations extended legal protections to L.G.B.T.Q. students and rolled back several policies set under the Trump administration.The New York Times - Top stories - Joe Biden -
Comex Gold, Silver Settle Higher
Gold settled up 0.7% at a new record high Friday, and silver rose 1.7%, up 15 of the past 17 sessions. Both metals posted a gain for the week.The Wall Street Journal - World -
Why the Fed Should Declare Victory and Cut Interest Rates
Small-business owners are being punished by the central bank's data obsession. It needs to focus less on CPI numbers and more on boosting the economy.Inc. - Business - Federal Reserve -
Fed’s Goolsbee says ‘more sniffing’ may be needed before rate cuts
Federal Reserve Bank of Chicago president Austan Goolsbee on Friday said "more sniffing" is needed before the Fed can cut interest rates. Here's what to know.CNBC - Business -
Fed's Global Detractors Grumble as Central Bankers Debate Rate Cuts
Fed president say arate cutmight happen this September, or maybe not. At the IMF meeting, other finance chiefs tryto keep up with the shifting sands of U.S. monetary policy.Inc. - Business - Federal Reserve -
Nvidia drops 10% as investors see risk in Big Tech shares
US stock markets suffer their worst run since October 2022 as investors pull back from AI betsFinancial Times - Business -
These are the 14 lawmakers who voted against condemning Iran's attack on Israel
An overwhelming majority of the House voted Thursday on a resolution to condemn Iran’s recent attack on Israel. However, 14 members voted against the resolution: 13 Democrats and one Republican. The group of Democrats includes "squad" members ...The Hill - Politics - Israel -
Lawmakers want to make China pay its trillion-dollar debt to Americans
When the People's Republic of China won recognition as China's rightful government, it also inherited its predecessor government's debtsThe Hill - Politics - China -
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 -
UK lawmakers back landmark bill to gradually phase out smoking for good
A plan by Britain’s government to introduce a landmark smoking ban that aims to stop young people from ever smoking has cleared its first hurdle in Parliament despite vocal opposition from within Prime Minister Rishi Sunak’s Conservative PartyABC News - Health - United Kingdom -
Black Caucus members look to replace Detroit lawmaker with new Black member
Leaders within the Congressional Black Caucus threw their support behind Democratic candidate Adam Hollier on Friday in Detroit's primary election in the hopes of ousting Democratic incumbent Shri Thanedar. CBC chair Rep. Steven Horsford (D-Nev.) ...The Hill - Politics -
Biden's new Title IX rules protect LGBTQ students, but trans sports rule still on hold
The rights of LGBTQ students will be protected by federal law and victims of campus sexual assault will gain new safeguards under rules finalized by the Biden administration.NBC News - Politics - Joe Biden -
Children of reality TV's Chrisleys hope court hearing is step toward bringing convicted parents home
Reality TV stars Todd and Julie Chrisley have appealed aspects of their convictions on federal charges of bank fraud and tax evasionABC News - Entertainment -
Kenya’s ‘blood desert’: can walking donor banks and drones help more patients survive?
The national blood deficit is most pressing in places like Turkana, where malaria, anaemia and violence make heavy demands on transfusion services – and doctors are pinning their hopes on innovation. In his small cubicle in Lodwar County referral ...The Guardian - World -
Here's what 12 European Central Bank members said about interest rates this week
The ECB has become "the central bank to be followed," one central bank governor said.CNBC - Business -
Democrats help advance Ukraine, Israel aid in rare rules move
The House Rules Committee late Thursday night advanced a package of foreign aid bills — but only with help from Democrats who, in a rare move, supported the procedural vote amid opposition from a trio of hardline Republicans. The panel voted 9-3 ...The Hill - Politics - Ukraine -
Most UK dairy farms ignoring pollution rules as manure spews into rivers
Exclusive: 80% of Welsh dairy farms inspected, 69% of English ones, 60% in Scotland and 50% in Northern Ireland breaching regulations. The majority of UK dairy farms are breaking pollution rules, with vast amounts of cow manure being spilled into ...The Guardian - World - United Kingdom -
A trial is underway for the Panama Papers, a case that changed the country's financial rules
Eight years after 11 million leaked secret financial documents revealed how some of the world’s richest people hide their wealth, more than two dozen defendants are on trial in Panama for their alleged rolesABC News - World -
Boris Johnson broke rules over hedge fund behind Venezuela trip, says watchdog
Former UK prime minister accused of being ‘evasive’ about relationship with Merlyn AdvisorsFinancial Times - Business - United Kingdom -
MLS power rankings: new rules hand an edge to Messi and Miami
San Jose have goalkeeping problems, the Whitecaps are defending in a unique way and Miami are given a helping hand. Welcome back to the Guardian’s MLS Power Rankings, where I have a beef with your specific team and your specific team alone.. MLS ...The Guardian - World - MLS -
Iran and Israel playing with fire as old rules of confrontation are torn up
Reported Israeli drone strike on Isfahan may signal that this widening conflict has become more dynamic. Middle East crisis – live updatesWhat we know so far about Israel’s strike on IranWhile the details remain vague, and Iranian denials strong, ...The Guardian - World - Iran -
Why Electro’s Exacting Duo Justice Wanted to Break Its Own Rules
For “Hyperdrama,” Gaspard Augé and Xavier de Rosnay’s first album in eight years, the duo added genre experiments and guests to its arsenal of bangers.The New York Times - Top stories -
Delays to OFR funds recognition scheme leaves UK out in the cold
Post-Brexit overseas funds regime has yet to be implemented, depriving UK investors of some of latest innovative fundsFinancial Times - World - United Kingdom -
China's Securities Regulator Eases Trading Rules With Hong Kong
China’s securities regulator released a series of measures to boost trading with Hong Kong, the country’s latest move to shore up investor confidence after recent stock-market volatility.The Wall Street Journal - World - China