Banking Crisis Hangs over Economy Rekindling Recession Fear
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Robert F. Kennedy Jr. Says Americans Are ‘Voting Out of Fear’
At a rally outside New York City, he questioned the nation’s Covid response and returned to a favorite issue: vaccine skepticism.The New York Times - Top stories -
Crisis at Pearl Harbor I Sunday on 60 Minutes
Jet fuel from a Navy facility leaked into the water system, contaminating the drinking water for thousands of military families. Families say they are dealing with ongoing health issues and are suing the government. Sunday.CBS News - Top stories -
The misguided laws contributing to America’s rural health crisis
CON laws deter new hospitals from forming and, by doing so, exacerbate the rural health care crisis.The Hill - Politics -
The Papers: 'Return of the King' and 'teacher shortage crisis'
The King's return to public duties, a report on the lack of teachers in schools, and chicken 'megafarms' lead the papers.BBC News - Top stories -
The crippling home insurance crisis hitting America
While climate is changing, the model for insurance has notFinancial Times - World -
Fulton Financial acquires Republic First Bank after first U.S. bank failure of 2024
After struggling under the weight of higher interest rates, Republic First Bancorp on Friday found another regional lender willing to rescue it: fellow Pennsylvania-based bank Fulton Financial Corp.MarketWatch - Business -
Republic First Bank closes, first FDIC-insured bank to fail in 2024
Regulators have closed Republic First Bank's 32 branches in Pennsylvania, New Jersey and New York and they will be taken over by Fulton Bank.CBS News - Top stories -
Republic First Bank closes, first FDIC-insured bank to fail in 2024
Regulators have closed Republic First Bank's 32 branches in Pennsylvania, New Jersey and New York and they will be taken over by Fulton Bank.CBS News - Politics -
GDP set to top 2% again, extending hot streak for U.S. economy
The U.S. economy appears to have grown by 2% or more for the seventh quarter in a row in the first three months of 2024 — but a wider trade deficit could throw up a roadblock.MarketWatch - Business -
South Korea's Economy Posts Stronger-Than-Expected First-Quarter Growth
Asia’s fourth-largest economy expanded 3.4% in the first quarter on improving private consumption, construction increases and steady exports.The Wall Street Journal - World - South Korea -
Meet the weavers, knitters and designers recharging Ireland’s luxe economy
The country used to export its big names. Now they’re staying homeFinancial Times - World -
US economy grew less than expected in first quarter at 1.6% rate
Previous indicators of robust growth have set back expectations of Fed rate cuts and wrongfooted marketsFinancial Times - World -
Biden dealt blow as investors scale back bets on pre-election rate cut
Markets no longer fully confident of move by September following new growth and inflation dataFinancial Times - Business - Joe Biden -
U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown
Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year.The New York Times - Business -
Singapore Economy Likely to Strengthen This Year, But Faces Long-Term Pressures
Singapore’s central bank said growth could be driven by the global electronics upturn, which is broadening beyond semiconductors and is fueling growth in Asia’s emerging markets.The Wall Street Journal - World -
China's middle-class sees decrease in confidence as economy faces slowdown
NBC News' Janis Mackey Frayer speaks with a 39-year-old Beijing resident who is navigating being laid off from an internet company while the middle-class in China decreases.NBC News - Top stories - China -
North Korea’s Kim seeks to build on Russia ties to resuscitate economy
Pyongyang mobilises army to increase industrial capacity in battered regionsFinancial Times - World - North Korea -
North Korea’s Kim seeks to build on Russia ties to resuscitate economy
Pyongyang mobilises army to increase industrial capacity in battered regionsFinancial Times - Business - North Korea -
U.S. Economy Grew at 1.6% Rate in First-Quarter Slowdown
Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year.The New York Times - Business -
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 -
Regulators Seize Troubled Philadelphia Bank, Republic First
The bank had some of the same problems as the ones that failed in 2023.The Wall Street Journal - World -
Regulators Seize Republic First, a Troubled Philadelphia Bank
The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.The New York Times - Business -
Capital levels are a poor predictor of bank failure
Regulators should be embracing much more sophisticated measures of lenders’ healthFinancial Times - Business -
Mosquito-borne diseases spreading in Europe due to climate crisis, says expert
Illnesses such as dengue and malaria to reach unaffected parts of northern Europe, America, Asia and Australia, conference to hear. Mosquito-borne diseases are spreading across the globe, and particularly in Europe, due to climate breakdown, an ...The Guardian - World - Climate -
Middle East Crisis: U.S. and 17 Other Nations Call on Hamas to Release Hostages
“The fate of the hostages and the civilian population in Gaza, who are protected under international law, is of international concern,” the leaders said in a joint statement.The New York Times - World -
Nike’s Layoffs Prove the Olympics Can’t Solve Its Midlife Crisis
Nike’s reputation—and sales—are both in trouble. Now layoffs threaten to sour hopes that the Paris games could turn its fortunes around.Wired - Tech -
Haitian premier Ariel Henry steps down amid gang crisis
Transitional council to run poverty-stricken country in deal backed by US and Caribbean nationsFinancial Times - Business - Premier League -
McKinsey Faces Criminal Probe for its Role in Opioid Crisis
The Justice Department is investigating the consulting firm over its role in advising drug makers how to market prescription painkillers and contributed toa national addiction disaster.Inc. - Business -
Flint residents still seeking justice after 10 years of water crisis
Ten years ago, a water crisis began when Flint, Michigan, switched to the Flint River for its municipal water supply. The more corrosive water was not treated properly, allowing lead from pipes to leach into many homes. CBS News correspondent ...CBS News - Top stories -
San Diego official says city is ‘new epicenter’ of border crisis
A San Diego official on Thursday dubbed his city the “new epicenter” for the border crisis and criticized California for “inflicting this upon ourselves.” “San Diego is the new epicenter for migrants and illegal immigration,” San Diego District 5 ...The Hill - Politics -
Haitian premier Ariel Henry steps down amid gang crisis
Transitional council to run poverty-stricken country in deal backed by US and Caribbean nationsFinancial Times - World - Premier League -
Escalating Myanmar crisis rare opportunity for US-China cooperation
Rapid escalations in Myanmar’s civil war are creating a rare opening for potential cooperation between the U.S. and China, with the chaos and violence in Southeast Asia posing a threat to both countries' interests overseas. While Washington and ...The Hill - Politics - China