Silicon Valley Bank Shut Down Marking Second Largest Bank Collapse in Us History
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Stocks Fall After GDP, Inflation Data
Stocks and government bonds fell sharply after fresh data showed the U.S. economy slowed in the first quarter.The Wall Street Journal - World -
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 -
Deutsche Bank expects fewer U.S. commercial real estate provisions in second half
Deutsche Bank, one of the banks most exposed to U.S. commercial real estate, reported elevated levels of credit-loss provisions for a second straight quarter but said they will start to gradually decline.MarketWatch - Business -
New rule compels US coal-fired power plants to capture emissions – or shut down
New EPA directive will cut pollution equivalent to the emissions of 328m cars, but industry group decries it as a ‘reckless plan’. Coal-fired power plants would be forced to capture smokestack emissions or shut down under a rule issued on Thursday ...The Guardian - 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 -
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 -
Naming and shaming banks is a regulatory insight too far
The Financial Conduct Authority already has deterrence tools at its disposalFinancial Times - Business -
European commercial real estate deal making slumps to 13-year low
Seventh successive quarter of declining volumes dashes hopes for revival as high interest rates continue to biteFinancial Times - Business - Europe -
Is Britain suffering from a ‘sick note culture’?
Rishi Sunak has vowed to get people back to work but data indicates problems with the diagnosis — and proposed solutionFinancial Times - Business - United Kingdom -
Dozens arrested in California and Texas as campus administrators move to shut down protests – live
More than 60 people, including a journalist, arrested at University of Southern California and University of Texas at Austin. Campus protests: full storyMike Johnson, the Republican House speaker, will visit Columbia University today to speak to ...The Guardian - World - California -
Strict new EPA rules would force coal-fired power plants to capture emissions or shut down
Environmental Protection Agency Administrator Michael Regan says new rules that would force power plants fueled by coal or natural gas to capture smokestack emissions or shut down are targeting pollution that's “pushing our planet to the brink.”ABC News - Health -
New EPA rules would force coal-fired power plants to capture emissions or shut down
Coal-fired power plants would be forced to capture smokestack emissions or shut down under a rule issued Thursday by the Environmental Protection Agency.NBC News - Top stories -
Deutsche Bank shares up 8% after first-quarter profit beat, investment banking recovery
Deutsche Bank reported first-quarter earnings on Thursday.CNBC - Business -
BNP Paribas bets on investment bank for growth despite bond trading blip
Eurozone’s largest bank forecasts rise in full-year profits and revenues even as interest rates are expected to fallFinancial Times - Business -
Trading helps lift Deutsche Bank to highest quarterly profit in 11 years
First quarter net income increased by 10% from a year earlier to €1.45bnFinancial Times - Business -
Commodity prices could keep inflation high, warns World Bank
Sharp falls in commodities are unlikely to continue, says lender, making it harder for central banks to cut interest ratesFinancial Times - Business -
Barclays shares surge as bank beats forecasts despite drop in profits
Barclays posted a 13% drop in its first quarter profits as lower fee income and a drop in the value of its loans and deposits caused its income to slumpMarketWatch - Business -
Commodity prices could keep inflation high, warns World Bank
Sharp falls in commodities are unlikely to continue, says lender, making it harder for central banks to cut interest ratesFinancial Times - World -
Turkish Central Bank Stays Hawkish Despite Likely Hitting Peak
Turkey’s central bank took a hawkish tone as it held its policy rate at 50%, Liam Peach, senior emerging markets economist at Capital Economics, says.The Wall Street Journal - World - Turkey -
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 -
Bank of Japan could intervene this week to boost the yen as currency hits 34-year low
The Bank of Japan could intervene to support the yen as soon as Friday, possibly in a move coordinated with the Bank of Korea to help maximize its impact, according to Steven Barrow, head of G-10 strategy at Standard Bank.MarketWatch - Business -
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 -
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 -
JPMorgan Chase is caught in U.S-Russia sanctions war after overseas court orders $440 million seized from bank
The escalation shows how American banks are struggling to navigate American sanctions rules more than two years after Russia's invasion of Ukraine.CNBC - Business -
Barclays shares up 4% as bank swings back to profit in first quarter amid strategic overhaul
Barclays on Thursday reported first-quarter net income of £1.55 billion ($1.93 billion), beating expectations and returning the British lender to profit amid a major strategic overhaul.CNBC - Business -
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 -
Oil price could exceed $100 a barrel if Middle East conflict worsens, World Bank warns
Increase in cost of crude could drive inflation up and force central banks to keep interest rates high. • Business live – latest updates. A serious escalation of tensions in the Middle East would push the price of oil above $100 (£80) a barrel and ...The Guardian - World -
US births fell last year, marking an end to the late pandemic rebound, experts say
The number of U.S. births fell last yearABC News - Health -
Biden leans into courting union workers by bashing Trump: ‘He looks down on us’
President Biden put his strategy of appealing to union workers on display Wednesday by painting himself as more like them and less like former President Trump. Biden has spoken to crowds of union workers twice in the past week, using each occasion ...The Hill - Politics - Joe Biden -
Bateman gets extension, makes Ravens history
The Ravens have agreed to a three-year contract extension with wide receiver Rashod Bateman that runs through the 2026 season.ESPN - Sports -
Lessons for investors from the history of war finance
Governments rarely tell voters the true cost of military adventures, or how they intend to pay for themFinancial Times - Business -
The Meta-morphosis of Mark Zuckerberg
The robotic nerd depicted in “The Social Network” has turned into the kinder, more accessible face of Silicon Valley. What’s going on?The New York Times - Tech -
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 -
Slowing Down for Poetry and Time
A London exhibition by Van Cleef & Arpels will showcase heritage pieces alongside novelties introduced at the Watches and Wonders fair.The New York Times - Lifestyle -
Moulin Rouge windmill sails collapse in Paris
Blades of famous cabaret venue, home of the French can-can, fall from roof overnight. The home of the high-spirited French can-can has been laid temporarily low after the sails of the red-painted windmill on top of the Moulin Rouge, the most ...The Guardian - World - France -
Provocative 'Civil War' prevails at the box office in its second weekend
The dystopian thriller about journalists attempting to cover the collapse of the U.S., starring Kirsten Dunst, held off a challenge from Universal's 'Abigail,' in the horror film's first weekend.Los Angeles Times - Entertainment -
Grandmother Becomes Second Patient to Receive Kidney From Gene-Edited Pig
NYU Langone Health surgeons performed the transplant after implanting a mechanical heart pump in the severely ill patient.The New York Times - Health -
SpaceX Worker Injury Rates Are Alarmingly High for Second Year in a Row
Injury rates among SpaceX employees are as much as nine times higher than the industry average in some facilities.Inc. - Business -
The Justice Department is conducting a criminal investigation into McKinsey related to its past role in advising some of the largest U.S. opioid manufacturers on how to boost sales.
The Justice Department is conducting a criminal investigation into McKinsey related to its past role in advising some of the largest U.S. opioid manufacturers on how to boost sales.The Wall Street Journal - World