Fed Vice Chair Calls Silicon Valley Bank A Textbook Case of Mismanagement
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In Silicon Valley, You Can Be Worth Billions and It’s Not Enough
Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.The New York Times - Business -
In Silicon Valley, You Can Be Worth Billions and It’s Not Enough
Andreas Bechtolsheim, the first investor in Google, has an estimated $16 billion fortune. He recently settled charges that he engaged in insider trading for a profit of $415,726.The New York Times - Top stories -
Bitcoin's next gen tokens are here. Inside the Silicon Valley hacker house where 17 coders helped build the new memecoin market
Bitcoin coders at popup hackathon prepared for big launches on blockchain after the halving, and a cryptocurrency market now valued at over $2.4 trillion.CNBC - Business -
World Bank official calls for shake-up of G20 debt relief scheme
Chief economist says common framework has failed to provide any new money to world’s poorest countries since it was set up in 2020. The mechanism for providing debt relief to the world’s poorest countries is failing to produce results and requires ...The Guardian - World -
Biden Official Calls for Investigation in Chinese Swimming Doping Case
The administration’s top drug official, Rahul Gupta, said he would bring up the handling of Chinese swimmers’ positive tests at a meeting of sports officials this week.The New York Times - World - Joe Biden -
Bitcoin can restore Swiss neutrality, says activist calling on central bank to invest in cryptocurrency
Crypto activist Yves Bennaïm is seeking 100,000 signatures to trigger a referendum that could amend Switzerland’s constitution and force the country’s central bank to invest in bitcoinMarketWatch - Business - Crypto -
WATCH: Tourists flock to see Death Valley in bloom
Gorgeous fields of wildflowers are taking over California with bright yellow daisies even popping up in Death Valley, the driest and hottest place in America.ABC News - Top stories -
Vice President Harris speaks on abortion rights in Wisconsin
Vice President Kamala Harris addressed abortion rights at a campaign event in Wisconsin on Monday. CBS News campaign reporters Nidia Cavazos, Shawna Mizelle and Zak Hudak are across the country covering key locations on the trail.CBS News - Top stories - Abortion -
The Illusion of Knowledge at the Fed
It relies heavily on a mathematical model of the economy with 500 variables and some 170 equations.The Wall Street Journal - World - Federal Reserve -
Where is the Fed’s interest rate heading?
The search for the neutral rate is proving elusiveFinancial Times - Business -
Where is the Fed’s interest rate heading?
The search for the neutral rate is proving elusiveFinancial Times - World -
FTC looking to accelerate inquiry into prescription-drug middlemen, chair says
The Federal Trade Commission is looking to speed up its inquiry into prescription-drug middlemen while also expanding its scrutiny of drug patents, FTC Chair Lina Khan said Tuesday.MarketWatch - Business -
GOP vice presidential hopefuls look for Trump’s golden ticket
Former President Trump may be handing a golden ticket to whomever he picks as his running mate for November, and the Republicans jockeying for his favor know it. If Trump wins a second term, his running mate could be best positioned to be the ...The Hill - Politics -
These Home Sellers Are Done Waiting for the Fed to Lower Rates
Some owners need to upsize, downsize and change jobs, even if mortgage rates don’t fall soon.The Wall Street Journal - World - Federal Reserve -
Feds bust another illegal grow house in Maine
Federal law enforcement officials have brought charges against Xisen Guo, who is accused of creating an illicit marijuana-growing operation off the beaten path in rural Maine.CBS News - Top stories -
Two stocks for a stronger dollar and Fed uncertainty
Investing in U.S. importers can help you benefit from a strong dollar without being too exposed to inflation spikes or interest rate surprises.MarketWatch - Business - Federal Reserve -
Powell's 'Restrictive' Approach Lets Fed Stay Flexible
Words matter when Fed Chair Jerome Powell makes announcements, and the central bank is very carefully letting us know interest rates might drop, stay steady, or even go up.Inc. - Business - Federal Reserve -
Transcript: House Appropriations Committee chair Rep. Tom Cole on "Face the Nation," April 21, 2024
The following is a transcript of an interview with House Appropriations Committee chair Rep. Tom Cole, Republican of Oklahoma, that aired on April 21, 2024.CBS News - Politics -
Transcript: House Appropriations Committee chair Rep. Tom Cole on "Face the Nation," April 21, 2024
The following is a transcript of an interview with House Appropriations Committee chair Rep. Tom Cole, Republican of Oklahoma, that aired on April 21, 2024.CBS News - Top stories -
After arrest, Morgan Wallen says he's 'not proud' of tossing chair off bar's sixth floor
Country star Morgan Wallen says he accepts responsibility after a chair-throwing incident at a bar in Nashville resulted in his arrest earlier this month.Los Angeles Times - Entertainment -
World must come together to tackle plastic pollution, says chair of UN talks
Ecuadorian ambassador to the UK is hopeful impasse can be overcome at treaty negotiations in Ottawa. As UN talks begin to agree the first global treaty to reduce soaring plastic waste, the chair of the meetings has said he is confident countries ...The Guardian - World -
The pandemic exposed staff shortages at nursing homes. A new White House push aims for a remedy
The White House is aiming to correct the short staffing at nursing homes that was exposed by the COVID-19 pandemicABC News - Health -
Earth from space: Trio of multicolor lakes look otherworldly in Africa's Great Rift Valley
Yahoo News - World -
Myanmar’s figurehead vice president, a rare holdover from Suu Kyi's civilian government, steps down
Myanmar’s Vice President Henry Van Thio is stepping downABC News - World -
Myanmar’s figurehead vice president, a rare holdover from Suu Kyi's civilian government, steps down
Yahoo News - World -
NASA images show how big Death Valley's 'rare' lake got this winter
The driest place in North America had a lake big enough you could kayak in this past winter.The Hill - Politics -
Marijuana grow busted in Maine as feds investigate trend in 20 states
The high electricity consumption of a home, its cardboard-covered windows and odor of marijuana drew law enforcement’s attention to an illicit grow operation off the beaten path in rural Maine.NBC News - Top stories -
3 smart home equity moves to make before the Fed's April Meeting
Considering accessing your home equity now? Here's what you should do before the Federal Reserve meets again.CBS News - Top stories -
Should you lock in your mortgage rate before the April Fed meeting?
Are you shopping for a new home? Here's why you may (and may not) want to lock in your rate before the Fed meets.CBS News - Top stories - Federal Reserve -
To fight inflation, we should look for ways beyond the Fed’s policies
The obvious problem is that almost total reliance on the Fed to defeat inflation by slowing the economy will not work in sectors where price-fixing and structural issues are its principal causes.The Hill - Politics -
Investors price in growing chance of another Fed interest rate rise
While base case remains reduction in borrowing costs, options market shows a 20% probability of increaseFinancial Times - Business - Federal Reserve -
FirstFT: Traders build up bets of Fed interest rate rise
Also in today’s newsletter, Ukraine aid and the opening of Trump’s trialFinancial Times - World - Federal Reserve -
Oil Edges Higher, Aided by Fed Rate-Cut Hopes
Oil edged higher in the early morning Asian session, aided by Fed rate-cut hopes.The Wall Street Journal - World - Federal Reserve -
'Balance of Power' Review: Governed by Banks
Should central banks lend a hand with the management of climate change and aim to keep the welfare state fully financed?The Wall Street Journal - World -
Japan’s remarkable call for American leadership
What stood out last week was the fact that a Japanese leader appeared before Congress and told the United States to act like a global power.The Hill - Politics - Japan -
When will the Bank of Japan next raise interest rates?
Market Questions is the FT’s guide to the week aheadFinancial Times - World - Japan -
Israel investigating death of West Bank paramedic
The Palestinian Red Crescent says Mohammed Awad Allan, 50, was shot while trying to treat injured people.BBC News - Top stories - Israel -
When will the Bank of Japan next raise interest rates?
Market Questions is the FT’s guide to the week aheadFinancial Times - Business - Japan -
Israel strikes Rafah, conducts operation in West Bank
The Israeli military hit the southern Gaza city of Rafah with airstrikes over the weekend. The IDF also conducted an operation in the West Bank, claiming to kill several militants. Debora Patta has the latest.CBS News - Top stories - Israel -
Settler violence against Palestinians in the West Bank – visualized
International attention is on Gaza – but attacks by Israelis who live on Palestinian land have been increasing. While international attention has been turned toward Gaza, violence against Palestinians has increased in the West Bank too. Israeli ...The Guardian - World