Banks Accused of Measly Interest Rates on Savings
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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 -
The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World -
US interest rate setter says 'no hurry' to cut
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".BBC News - Top stories -
Inflation, Interest Rates and Oil Prices Have Jolted the Markets
Euphoria has been replaced by a much more somber mood, changing the value calculations in a host of markets, our columnist says.The New York Times - Business -
Why the Fed Should Declare Victory and Cut Interest Rates.
Small business owners are being punished by the central bank's data obsession. We need to focus less on CPI numbers and more on boosting the economy.Inc. - Business - Federal Reserve -
Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?MarketWatch - Business - Federal Reserve -
Fed’s Goolsbee says progress on inflation has stalled, makes sense to wait on interest rates
Chicago Fed president “hopeful” we will get improvement on inflation.MarketWatch - Business - Federal Reserve -
CDs vs. high-yield savings accounts: What to consider before the Fed cuts rates
If the Fed decides to cut rates soon, here's how it could affect your savings.CBS News - Top stories - Federal Reserve -
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 -
Maryland teenager accused of plotting school shooting in 129-page document
A Maryland high school student has been charged with planning to carry out a school shooting, after authorities discovered a journal where he'd set out his intentions in detail and said he wanted to be famous.NBC News - Top stories -
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 -
No charges for Bloody Sunday soldiers accused of giving false evidence
The Public Prosecution Service has been investigating fifteen former soldiers and an alleged former member of the IRA.BBC News - Top stories -
French PM accused of recycling far-right ideas in youth violence crackdown
Gabriel Attal says state needs ‘real surge of authority’ in speech in Viry-Châtillon, where 15-year-old killed. The French prime minister, Gabriel Attal, is facing criticism for his proposed crackdown on teenage violence in and around schools, ...The Guardian - World -
Here's how much you'd save by using a HELOC
Borrowing your home equity could lead to savings compared to other options. Find out how much you'd save here.CBS News - Top stories -
How much money Americans in their 30s saved in 2023—and how to save more, according to a CFP
Despite various financial burdens, people in their 30s managed to save the most out of any age group last year — and here's how they can save even more in 2024.CNBC - Business -
Nasdaq, S&P 500Drop After Israel Strikes Iran
Stocks were mixed, with the Nasdaq in retreat and the Dow edging higher. The Nasdaq and S&P 500 were on track for weekly losses, extending an April slump.The Wall Street Journal - World - Iran -
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 -
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 - Top stories -
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 -
Ex-Indiana teacher accused of encouraging classmates to beat up 7-year-old with disabilities
A former teacher in Indiana is accused of orchestrating a “Fight Club” in which he allegedly encouraged classmates to beat up a 7-year-old student with disabilities and videotaping at least one assault, according to a lawsuit filed this week.NBC News - Top stories -
Defense giant BAE Systems linked to arms deals in countries accused of human rights abuses, report finds
British defense contractor BAE Systems does business with countries accused of known or suspected human rights abuses, according to a new report.CNBC - Business -
Mortgage rates are now at the highest level of the year and could still climb
The average rate on the popular 30-year fixed mortgage crossed over 7% on April 1, according to Mortgage News Daily, and it just kept going.NBC News - Top stories - Mortgage -
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 -
Environmental advocates work to save Puerto Rican parrot from extinction
Some of the most critically endangered birds on the planet have been released back into the wild. CBS News national environmental correspondent David Schechter has more on the harsh conditions Puerto Rican parrots face, and the people working to ...CBS News - Top stories -
Liverpool ratings: Salah gets 6/10 in elimination to Atalanta
Mohamed Salah was able to get his goal but Liverpool wasn't able to do enough as they were eliminated from the Europa League at the hands of Atalanta.ESPN - Sports -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
U.S. Mortgage Rates Jump Above 7% for the First Time This Year
Rates on 30-year mortgages — the most common kind among U.S. homeowners — surpassed the 7 percent mark on Thursday, a troublesome sign for an already tight housing market.The New York Times - Business - Mortgage -
‘That goal kickstarted an era’: how Mark Robins saved Alex Ferguson
As the Coventry manager prepares to meet his old club, his former United teammates discuss that goal in 1990. Legend has it that Mark Robins saved the career of an ailing Manchester United manager in 1990. On Sunday at Wembley he could influence ...The Guardian - World -
Bob Graham, ex-senator and Florida governor, dies at 87
He sought the Democratic presidential nomination in 2004.Politico - Politics - Florida -
Jeffries: Biden not weighing in on whether Democrats should save Johnson
House Minority Leader Hakeem Jeffries (D-N.Y.) said Friday that the White House is not advising Democratic leaders on the question of whether to save Speaker Mike Johnson (R-La.) from a conservative coup — if one ever emerges. A number of ...The Hill - 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 -
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 -
‘Five-year-old on acid’: Liz Truss’s Ten Years to Save the West, digested by John Crace
Sketchwriter’s take on memoir of PM who screwed up catastrophically and quickly but thinks there’s still work to do. I was impatient to get going. Plans had been made. I picked up my phone. “ChatGPT. Write me a memoir in the style of an excitable ...The Guardian - World -
UK inflation could stay near 2% target for three years, says BoE rate-setter
Dave Ramsden’s comments suggest he does not need much more evidence of price growth falling before backing rate cutsFinancial Times - Business - United Kingdom -
His goal likely saved Ferguson's job at Man United. Now Coventry coach could push Ten Hag near exit
In 1990 Mark Robins scored a goal that has long been credited for saving former Manchester United manager Alex Ferguson his job and provided the platform for more than two decades of successABC News - Sports -
Mortgage rates have surged past 7% and home sales in March posted their biggest monthly drop in more than a year, renewing pressure on the U.S. housing market as uncertainty over real-estate commissions buffets the industry.
Mortgage rates have surged past 7% and home sales in March posted their biggest monthly drop in more than a year, renewing pressure on the U.S. housing market as uncertainty over real-estate commissions buffets the industry.The Wall Street Journal - World