Fallout from Silicon Valley Bank Collapse Ripples Across Industry
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White House OMB director on foreign aid, Key Bridge collapse and more
President Biden, Vice President Kamala Harris and other White House officials have been on the campaign trail touting the administration's economic achievements. However, Americans in several battleground states say they are not satisfied with the ...CBS News - Top stories -
Ninth-inning collapse pushes Rockies into the bad kind of MLB history
The Rockies have trailed for at least part of all 29 of their games this season.Yahoo Sports - Sports - MLB -
A highway collapse in China kills 36 people and sends more than 20 cars down a steep slope
A section of a highway collapsed after heavy rains in a mountainous area in southern China, sending cars tumbling down a slope and leaving at least 36 people deadABC News - World - China -
Highway collapse in China's southern Guangdong province leaves at least 24 dead
Yahoo News - World - China -
Expressway Collapses in Southern China Amid Heavy Rains, Killing 36
The road gave way Wednesday morning in an apparent landslide. At least 30 other people were injured, many of them seriously.The New York Times - World - China -
Death toll jumps to at least 48 in southern China highway collapse
The death toll from a collapsed highway in southeastern China has climbed to 48 as searchers dug for a second day through a treacherous and mountainous areaABC News - World - China -
Insurer to Make $350 Million Payout in Baltimore Bridge Collapse
The check from Chubb would be the first large payout in what will likely be a yearslong wrangle over who bears the $1 billion-plus estimated cost of the bridge’s collapse.The Wall Street Journal - World -
Body recovered of fifth worker who died in Baltimore bridge collapse
Miguel Angel Luna Gonzalez was one of six construction workers killed when a container ship collided with bridge in March. The body of a fifth victim in the collapse of the Francis Scott Key Bridge in Baltimore, Maryland, has been recovered.. ...The Guardian - World -
Oil prices ends lower as weekly U.S. crude supplies rise by over 7 million barrels
Oil futures fell for a third straight session on Wednesday, settling at their lowest level since mid-March, after official U.S. data revealed an unexpected weekly rise of more than 7 million barrels in domestic crude inventories.MarketWatch - Business -
DOJ should prosecute Big Oil like it did tobacco industry, former federal litigator tells Senate
The federal government should take legal action against the petroleum industry, as it once did against Big Tobacco, a former federal litigator told the Senate Budget Committee on Wednesday. Major oil and gas companies have misled and endangered ...The Hill - Politics -
World's largest olive oil producer says the industry faces one of its toughest moments ever
Spain's Deoleo says the industry must undergo a "profound transformation" as it grapples with one of the most challenging moments in its history.CNBC - Business -
BBVA approaches Sabadell to create €70bn Spanish banking giant
Tie-up between two lenders would near valuation of SantanderFinancial Times - Business -
BBVA/Sabadell offers a test case for more European bank consolidation
Nearly three-quarters of the larger lender’s revenues come from outside SpainFinancial Times - Business -
BBVA/Sabadell offers a test case for more European bank consolidation
Nearly three-quarters of the larger lender’s revenues come from outside SpainFinancial Times - World -
Do not ignore Africa, World Bank head tells wealthy nations
Call comes as continent’s leaders push for $120bn in aid to boost development and battle climate change threatFinancial Times - Business -
Do not ignore Africa, World Bank head tells wealthy nations
Call comes as continent’s leaders push for $120bn in aid to boost development and battle climate change threatFinancial Times - World -
She Was Convicted of Making a Bank Her Personal ATM---and Sentenced to Death
The case became one of the most high profile in a relentless anticorruption campaign in Vietnam dubbed the “Blazing Furnace.”The Wall Street Journal - World -
Cannabis Laws Are Changing, but Pot Merchants Still Can't Find Banks
Marijuana may become a less regulated Schedule III drug under federal regulations, but banking access remains an obstacle.Inc. - Business -
Bank of Canada 'Getting Closer' to Rate Cuts, Macklem Says
Central bank officials are confident inflation will continue to decelerate, Gov. Tiff Macklem said, adding that higher rates in Canada are having ‘more traction’ than in the U.S.The Wall Street Journal - World -
Banks face new risks as US tightens sanctions on Russia
Ukraine conflict shows no sign of abating — and financial institutions are being expected to implement the responseFinancial Times - World - Russia -
Israel accused of possible war crime over killing of West Bank boy
UN expert says death of 8-year-old appears to violate law after reviewing evidence gathered by BBC.BBC News - Top stories - Israel -
Lenders flying blind on private equity risk, Bank of England warns
Regulator says sector needs a consolidated view to avoid a repeat of Archegos fiascoFinancial Times - Business -
MLB Power Rankings: New No. 1 emerges as injuries take their toll
It's May: By now, good teams have a healthy number of Ws, bad teams have piled up the Ls and others have gravely disappointed us.Yahoo Sports - Sports - MLB -
Police raid UCLA protest camp as clashes over Gaza spread across US
New York City mayor blames ‘outside agitators’ for escalating protests at Columbia UniversityFinancial Times - World -
Police raid UCLA protest camp as clashes over Gaza spread across US
New York City mayor blames ‘outside agitators’ for escalating protests at Columbia UniversityFinancial Times - Business -
If history is any indication, the economic impact of campus protests could be felt at colleges across the U.S.
In the 1960s, some policy makers reacted to protests by curtailing funding for colleges. Today, lawmakers are threatening to do the same.MarketWatch - Business -
Iditarod says new burled arch will be in place for '25 race after current finish line arch collapses
The Iditarod says mushers who finish the race next year will guide their dog teams under a new burled arch finish lineABC News - Sports -
Highway collapse in Guangdong in southern China leaves at least 19 dead, state media says
Highway collapse in Guangdong in southern China leaves at least 19 dead, state media saysABC News - World - China -
Death toll jumps to 48 in southern China highway collapse that sent 23 cars down a steep slope
Death toll jumps to 48 in southern China highway collapse that sent 23 cars down a steep slopeABC News - World - China -
Death toll jumps to at least 48 as a search continues in southern China highway collapse
Yahoo News - World - China -
Hundreds of protesters were arrested across several campuses, as universities and police crack down on what they say are outsiders escalating pro-Palestinian demonstrations.
Hundreds of protesters were arrested across several campuses, as universities and police crack down on what they say are outsiders escalating pro-Palestinian demonstrations.The Wall Street Journal - World -
TD Bank Sets Aside $450 Million for Possible U.S. Anti-Money Laundering Penalties
Canada’s second-largest bank by market capitalization said the provision is related to talks with one U.S. regulator.The Wall Street Journal - World -
HSBC Chief Executive Noel Quinnunexpectedly said he would retire, leaving the bank without a clear successor.
HSBC Chief Executive Noel Quinn unexpectedly said he would retire, leaving the bank without a clear successor.The Wall Street Journal - World -
Fearing Trump’s tariffs, one bank has ratcheted up rate forecasts — in Australia
In the world of finance everything’s connected, including the likelihood of President Donald Trump returning to office and Australian interest rates.MarketWatch - Business - Australia -
Interest earned by big UK high street banks on BoE reserves surges to £9.2bn
MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumersFinancial Times - Business - United Kingdom -
'Basel III' bank rules could pose unexpected threat to Biden's green energy plans
Renewable energy groups and congressional Democrats are raising alarms about potential harm to clean energy goals from a proposed banking regulation.CNBC - Business - Joe Biden -
The Fed isn’t cutting rates, but these four banks are already paring rates on high-yield savings accounts
The Federal Reserve’s benchmark interest rate is staying put for now, but a handful of large banks are starting to trim the rates they offer on high-yield savings accounts.MarketWatch - Business - Federal Reserve -
Interest earned by big UK high street banks on BoE reserves surges to £9.2bn
MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumersFinancial Times - World - United Kingdom -
Czech central bank cuts a key interest rate again with inflation down and the economy on the mend
The Czech Republic’s central bank has cut its key interest rate for the fourth straight time as inflation dropped and the economy has shown signs of recoveryABC News - World -
The Biden administration is seeking to reclassify marijuana as a less dangerous drug, people familiar with the matter said, a historic move that could make it much easier to buy and sell pot and make the multibillion-dollar industry more profitable.
The Biden administration is seeking to reclassify marijuana as a less dangerous drug, people familiar with the matter said, a historic move that could make it much easier to buy and sell pot and make the multibillion-dollar industry more profitable.The Wall Street Journal - World