Silicon Valley Bank Leaders Failed Badly Fed Chair Powell Says
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Stripe co-founder says high interest rates flushed out Silicon Valley's 'wackiest' ideas
Rising interest rates in the past couple of years had a chilling effect on Silicon Valley, but Stripe co-founder John Collison said it was healthy.CNBC - 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 - Tech -
Goldman Sachs and Bank of America shareholders reject proposals to separate chair and CEO roles
Votes mark victories for Goldman’s David Solomon and Bank of America’s Brian Moynihan.MarketWatch - Business -
ECB will need more rate cuts if Fed holds back, says policymaker
Head of Italy’s central bank highlights risk of US stance pushing up global borrowing costsFinancial Times - Business - Federal Reserve -
ECB will need more rate cuts if Fed holds back, says policymaker
Head of Italy’s central bank highlights risk of US stance pushing up global borrowing costsFinancial Times - World - Federal Reserve -
Trump advisors are considering plans to dramatically revamp the Fed, WSJ report says
Trump's political operatives are putting together a plan that would give him unprecedented influence over the Fed, the report states.CNBC - Business - Donald Trump -
Cannabis banking measure to be left out of FAA bill, industry exec says
Dutchie’s Bryan Barash said he’s disappointed that the SAFER Banking Act won’t be included in FAA funding bill.MarketWatch - Business -
Russia-Ukraine war live: ‘mortal’ Europe needs stronger defence, says French president
Emmanuel Macron says Europe faces existential threat from Russian aggression and calls on continent to adopt ‘credible’ defence strategy. Russia has vetoed a UN security council resolution calling on all nations to prevent a dangerous nuclear arms ...The Guardian - World - France -
Bank of Canada Officials Split on How Soon Rate Cuts Could Start, Minutes Say
Senior Bank of Canada officials were divided on how soon the central bank could start cutting interest rates, although they agreed cuts should proceed gradually given the risk of inflation reaccelerating, according to a summary of deliberations ...The Wall Street Journal - World -
Woman, 74, who allegedly robbed bank may have been scam victim, family says
Ann Mayers entered AurGroup Credit Union on April 19 and "demanded money while displaying a handgun," police said.CBS News - Top stories -
Chip sector due a May bounce with Nvidia near ‘trough valuation,’ say Bank of America strategists
The big-tech trade is having a wobble. But chip stocks are due a rebound, say Bank of America strategists.MarketWatch - Business -
Main Street isn’t saving and Wall Street isn’t shorting in an ‘Anything But Bonds’ bull market, says Bank of America
The U.S. government has spent $6.2 trillion over the last 12 months, and investors seemed to have noticed.MarketWatch - Business -
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 -
10 Best Lubes (2024): Water-Based, Silicone, and Lube Dispensers
For the most sensitive parts of the human body, friction is the enemy. Here’s how to keep it at bay.Wired - Tech -
Europe’s Climate Leaders
This annual FT-Statista survey lists the companies that have made the most progress in cutting their carbon emissions intensity. A full report, comprising articles discussing the issues that this research raises, will follow on May 16Financial Times - World - Climate -
The National Enquirer was the go-to American tabloid for many years. Donald Trump helped change that
Catch and killABC News - Entertainment - Donald Trump -
Watch Rickie Fowler ace the third hole at Pine Valley
Fowler's hole-in-one was recorded while he was playing with Justin Thomas at the top-ranked club.Yahoo Sports - Sports -
Wada launches review into Chinese failed doping tests
The World Anti-Doping Agency launches an independent review after 23 Chinese swimmers were cleared to compete at Tokyo 2020 despite failing drug tests.BBC News - Top stories -
British succulent society chair quits over row about taking specimens from wild
Group banned plants ‘removed from habitat’ from its shows – causing uproar from enthusiasts. A furious row has blown up in the UK’s leading succulent society over the practice of taking desirable specimens from the wild, with the chair resigning ...The Guardian - World -
America's Great Weakness: Unserious Leaders
Or is it unserious voters?The Wall Street Journal - World -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - World -
Investment Banking Lifts Deutsche Bank Profits
Deutsche Bank said its first-quarter profit rose 10% as its investment-banking business beat expectations.The Wall Street Journal - Business -
Would Trump Move to Control the Fed?
Allies of the former president are said to be devising plans to reduce the central bank’s independence if he is re-elected, a move that would have big consequences for monetary policy.The New York Times - Business - Donald Trump -
Would Trump Move to Control the Fed?
Allies of the former president are said to be devising plans to reduce the central bank’s independence if he is re-elected, a move that would have big consequences for monetary policy.The New York Times - Top stories - Donald Trump -
Can China’s tech giants succeed where Apple failed?
Yahoo News - World - Apple -
Intel’s earnings forecast fails to clear low bar, and the stock’s drop continues
Intel Corp. shares dropped 8% in the extended session Thursday, adding to their rough start to the year as the chip company reported revenue slightly below Wall Street’s expectations.MarketWatch - Business -
Inside the UK’s failing plans to ‘level up’ left-behind towns
The promise of billions in regeneration funding helped Boris Johnson win power in 2019. But critics say little has changed on the groundFinancial Times - World -
Inside the UK’s failing plans to ‘level up’ left-behind towns
The promise of billions in regeneration funding helped Boris Johnson win power in 2019. But critics say little has changed on the groundFinancial Times - Business -
New EU nature law will fail without farmers, scientists warn
Open letter calls for green policies that empower farmers, after months of protests jeopardise future of flagship biodiversity deal. The EU’s nature restoration law will only work if it is enacted in partnership with farmers, a group of leading ...The Guardian - World - European Union -
Rooting for Trump to Fail has Made Millions for Investors Shorting His Stock
Diving into the former president's meme stock is not for the faint of heart, but day traders who laugh atTrump Media & Technology's financials are willing to take therisk.Inc. - Business - Donald Trump -
Europe’s Climate Leaders 2024: interactive listing
Despite chafing at green regulations, companies are making headway on cutting carbon emissionsFinancial Times - World - Climate -
American Leaders Need to Close the Cookie Jar
They seem to have forgotten how. Fortunately, readers have some suggestions.The Wall Street Journal - World -
First Citizens’ stock touches all-time high on first-quarter earnings, while Valley National shares drop
First Citizens Bancshares Inc.’s stock rose on stronger-than-expected profit and a boosted outlook for net interest income on Thursday, roughly a year after the big regional bank acquired the beleaguered Silicon Valley Bank.MarketWatch - Business -
The Dream of Fed Rate Cuts Is Slipping Away
Investors are backing away from expectations that the central bank can reduce rates in coming months, hitting markets.The Wall Street Journal - World - Federal Reserve -
Stubborn Inflation Could Prod Fed to Keep Rates High for Longer
Hopes for substantial cuts in interest rates are fading as inflation shows more staying power than expected.The New York Times - Top stories - Federal Reserve -
Fed’s preferred inflation metric rose to 2.7% in March
Figures come day after first-quarter data prompted investors to push back rate cut expectationsFinancial Times - Business -
Fed’s preferred inflation metric rose to 2.7% in March
Figures come day after first-quarter data prompted investors to push back rate cut expectationsFinancial Times - Business -
Trump Allies' Plan Would Weaken Fed's Independence
Under the proposal, Fed Chair Jerome Powell could be removed before his term ends in 2026 and the central bank would have to consult Trump on interest rate moves.Inc. - Business - Donald Trump -
Barbados leader halts £3m payout to UK MP for Drax Hall plantation
Government U-turn as PM Mia Mottley acknowledges anger from reparations movement over plan to buy Barbados land from Dorset MP Richard Drax. The prime minister of Barbados, Mia Mottley, has halted plans for a multi-million-pound payout to the ...The Guardian - World - United Kingdom -
Report: Hamas leader in Gaza met fighters, inspected battle sites
Yahoo News - World