Feds Take Action after Silicon Valley Bank and Signature Bank Fail
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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 -
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 -
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 -
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 -
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 -
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 -
Pirates phenom Paul Skenes still has 'steps he needs to take' after comically dominant start to season
Skenes has struck out 27 in 12 2/3 scoreless innings pitched at Triple-A so far this season.Yahoo Sports - Sports -
Columbia Fails to Protect Its Jewish Community
A toothless task force and other measures haven’t stopped antisemitism from flourishing on campus.The Wall Street Journal - World -
Furiosa Has A 15-Minute Action Scene That Took 78 Days To Shoot
In 2015, George Miller proved that he was still one of the best action directors in the industry with his jaw-dropping sequel, Mad Max: Fury Road. And in the upcoming prequel, Furiosa: A Mad Max Saga, Miller may even be able to top his work on ...GameSpot - Tech -
Stardew Valley Update 1.6.4 Patch Notes: New Mines and Fish Frenzies
A surprise new Stardew Valley update has just dropped and it's filled to the brim with some exciting features, balance changes, quality-of-life tweaks, and much more. The 1.6.4 patch comes almost a month after solo developer Eric “ConcernedApe” ...GameSpot - Tech -
Pass or Fail: The New York Mets' 2024 City Connect uniforms
The Mets are one of eight teams debuting City Connect uniforms this season.Yahoo Sports - Sports - New York -
2024 RBC Heritage purse, prize money: Payout for golfers from $20 million pool for signature event
Another signature event means another big winner's check up for grabsCBS Sports - Sports -
You could claim up to $500 from Walmart as a part of a $45 million class action lawsuit—here's how to check
A class action lawsuit alleges Walmart overcharged customers for certain weighted goods and bagged citrus. How to file a claim for a cash payout up to $500.CNBC - Business -
Weedkiller manufacturer seeks lawmakers' help to squelch claims it failed to warn about cancer
The maker of a popular weedkiller is turning to lawmakers in key states to try to squelch legal claims that it failed to warn about cancer risksABC News - Health -
Texas fined $100,000 per day for failing to act on foster care abuse allegations
Texas is being fined $100,000 a day by a federal judge for neglecting investigations into abuse and neglect allegations raised by some of the 9,000 children it has in foster careABC News - Health -
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 -
The Supreme Court Takes Up Homelessness
Can cities make it illegal to live on the streets?The New York Times - Top stories -
A contrarian take on the US inflation freakout
Not as bad as it looks — better for the Fed to keep calm, and carry on?Financial Times - World -
Schneider Electric in Talks to Take Control of Bentley Systems
A deal would merge Schneider’s software business with publicly traded Bentley.The Wall Street Journal - Tech -
Fashion’s Favorite Farm
What is Sky High Farm? A brand? An art project? A business? A charity? It wants to be all of the above.The New York Times - Lifestyle -
Founding Family Members Want to Take Nordstrom Private
Board forms a committee to explore options at the urgingof CEO Erik Nordstrom and President Pete Nordstrom.Inc. - Business -
House Of The Dragon Cast Takes Sides In New Video
House of the Dragon Season 2 is still a few months away, but the unfolding Targaryen civil war for control of the seven kingdoms of Westeros has already begun. There can only one king or queen on the Iron Throne. Queen Rhaenyra Targaryen (Emma ...GameSpot - Tech -
Cramer says two recent earnings reports may indicate a slowdown is brewing — but not enough for a Fed cut
CNBC's Jim Cramer said disappointing quarters from trucker J.B. Hunt and real estate investment trust Prologis could mean an economic slowdown is brewing.CNBC - Business -
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 -
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 -
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 report highlights risks to financial stability if interest rates stay higher for longer
The biggest worry for the global financial system is that the Federal Reserve keeps monetary policy tighter than expected, according to experts surveyed by the central bank.MarketWatch - Business - Federal Reserve -
Nearly 50 pounds of meth hidden in ice chest full of fish seized at border, feds say
Authorities confiscated nearly 50 pounds of methamphetamine hidden in an ice chest of fish earlier this week at the Southern border in California, federal officials said.NBC News - Top stories -
Can you afford to take your children on days out?
Parents and a play centre owner say they are feeling the squeeze when it comes to costs.BBC News - Top stories