Australian Regulator to Conduct First Financial System Stress Test
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Regulators seized troubled Philadelphia bank Republic First Bancorp and sold it to fellow regional lender Fulton Financial.
Regulators seized troubled Philadelphia bank Republic First Bancorp and sold it to fellow regional lender Fulton Financial.The Wall Street Journal - World -
Regulators Seize Troubled Philadelphia Bank, Republic First
The bank had some of the same problems as the ones that failed in 2023.The Wall Street Journal - World -
Regulators Seize Republic First, a Troubled Philadelphia Bank
The relatively small bank, the first to fail this year, will have its deposits assumed by another Pennsylvania lender, Fulton Bank.The New York Times - Business -
Fulton Financial acquires Republic First Bank after first U.S. bank failure of 2024
After struggling under the weight of higher interest rates, Republic First Bancorp on Friday found another regional lender willing to rescue it: fellow Pennsylvania-based bank Fulton Financial Corp.MarketWatch - Business -
Pay to enter: Venice becomes the first city to implement a tourist ticket system
Yahoo News - World -
Regulators close Philadelphia-based Republic First Bank, first US bank failure this year
Regulators have closed Republic First Bank, a regional lender operating in Pennsylvania, New Jersey and New YorkABC News - Top stories -
Deloitte Study: Women Are More Stressed--but Hybrid Helps
A new report found that women still face many challenges at work, including high stress, microaggressions, and poor work-life balance.Inc. - Business -
FirstFT: BHP proposes all-stock takeover of Anglo American
Also in today’s newsletter, Meta’s shares tumble and Columbia’s ‘Gaza Solidarity Encampment’Financial Times - World -
Sheriff conducting criminal investigation into National Guard helicopter crash
The Starr County Sheriff declined to release records from the March National Guard chopper crash, citing an ongoing investigation into whether criminality was involved.ABC News - Top stories -
Briton charged with aiding Russia and planning arson against Ukraine-linked business in UK
Dylan Earl accused of organising arson attack in east London and four others charged in connection with investigation. A 20-year-old British man has been charged with planning an arson attack on a Ukraine-linked business and assisting Russian ...The Guardian - World - Ukraine -
Financial Services Roundup: Market Talk
Gain insight on SPDR Gold, Banco Bilbao Vizcaya Argentaria, Deutsche Bank, and more in the latest Market Talks covering Financial Services.The Wall Street Journal - World -
You’ve Been Dealing with Stress All Wrong, According to Neuroscience
Common advice on how to counter stress can keep you stuck in an unhealthy stress loop.Inc. - Business -
‘Movement will persist’: Advocates stress Weinstein reversal doesn’t derail #MeToo
Harvey Weinstein's accusers and their advocates were shocked and angered by an appellate court’s decision to overturn the ex-movie mogul’s 2020 rape convictionABC News - Entertainment -
Smear tests of 3,000 women to be reviewed
The Southern Health Trust says the move is not out of concern but to provide extra assurance.BBC News - Top stories -
Test Your Knowledge of Internet Acronyms
This week, we probe each other’s knowledge of common acronyms from the early internet, the mobile era, and the AI boom. So fire up your LLM, send an RCS, and tell your BBS pals the game is afoot.Wired - Tech -
Over 100 pilot whales beached on western Australian coast have been rescued, officials say
Yahoo News - World -
Home and Away star arrested after Australian manhunt
The actor was taken into custody on Thursday after failing to front court on assault charges.BBC News - Top stories -
Chinese Financial Services Shares Gain on Consolidation Hopes
Shares of several Chinese financial services companies traded higher Friday on expectations that the sector may see consolidation after state-run Guolian Securities announced its intention to buy another smaller firm.The Wall Street Journal - World - China -
Third witness puts Trump's financial web in spotlight
A banker's testimony allows the court to take a deep dive into the $130,000 payment made to Stormy Daniels.BBC News - Top stories - Donald Trump -
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 -
Microsoft Makes a New Push Into Smaller A.I. Systems
The company that has invested billions in generative A.I. pioneers like OpenAI says giant systems aren’t necessarily what everyone needs.The New York Times - Tech - Microsoft -
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 -
'Net Neutrality' Faces a Stiff Judicial Test
The revived rule likely violates the major questions doctrine.The Wall Street Journal - World -
U.S. Regulators Tie Tesla's Autopilot to More Than a Dozen Fatalities, Hundreds of Crashes
The NHTSA launched a new probe into the adequacy of a two-million vehicle recall in December, after discovering more crashes linked to the controversial technology.The Wall Street Journal - World -
U.S. Investigating Tesla Recall of Autopilot
The National Highway Safety Administration also released an analysis of crashes involving the system that showed at least 29 fatal accidents over five and a half years.The New York Times - Business - Tesla -
Gambling regulator to look at 'wrong scores' in football bets
Customers claim they have lost bets because of "inaccurate" decisions they cannot appeal.BBC News - Top stories -
Jill Biden launches bike ride for wounded service members, stresses need to support vets
Jill Biden has used the launch of the Wounded Warrior Project’s annual Soldier Ride from the White House lawn, a multiday bike ride, to stress the importance of supporting service membersABC News - Health - Joe Biden -
Australian Journalist Says She Had No Choice But to Leave India
Avani Dias said that she had been denied a visa renewal for weeks because of her reporting on the Sikh separatist movement. Indian officials disputed her account.The New York Times - World - Australia -
100 Pilot Whales Are Rescued After Mass Stranding in Australia
Of the 160 whales stranded near the town of Dunsborough on Thursday morning, more than 100 were returned to the ocean. Twenty-nine others, however, died on the beach.The New York Times - World - Australia -
Kiribati parliament votes to remove Australian-born high court judge
Yahoo News - World -
U.S. orders cow testing for bird flu after grocery milk tests positive
Federal officials say they're double checking whether pasteurization has eradicated the danger from possible bird virus particles in milk.CBS News - Top stories -
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 -
Blinken raises Chinese trade practices in meetings with officials in the financial hub of Shanghai
U.S. Secretary of State Antony Blinken has raised what the U.S. describes as unfair Chinese trade practices in meetings with local government officials in the financial hub of ShanghaiABC News - World -
Many large U.S. cities are in deep financial trouble. Here's why
Many U.S. cities are facing substantial financial challenges as inflation lingers and pandemic-era stimulus dries up.CNBC - Business -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - World -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - World -
Southwest to Exit Four Airports, Facing Financial Weakness and Boeing Problems
Southwest Airlines is pulling out of some airports and cutting costs as it grapples with lackluster earnings and delays of new Boeing planes.The Wall Street Journal - Business -
Xi tells Blinken US should avoid ‘vicious competition’ with China
Secretary of state’s trip to Beijing comes as tensions remain over Taiwan, war in Ukraine and tech export controlsFinancial Times - Business - China -
Why South Africa is Anglo American’s ‘poison pill’
BHP, whose £31bn bid for Anglo has been rejected, faces fraught politics and complicated history in the countryFinancial Times - Business -
Alphabet surges past $2tn valuation as it announces first dividend
Shares of Google’s parent company jump after first-quarter earnings beat expectations and $70bn stock buybackFinancial Times - Business