How the Fed's new instant money program could lead to another regional banking crisis
FedNow is coming...now-ish. And that means money transfers are expected to get a whole lot faster.
2023-07-10 20:18
PGA Tour board member quits over 'serious concerns' with Saudi deal
Former AT&T CEO Randall Stephenson has resigned from his post on the influential policy board of the PGA Tour in protest to the proposed merger with Saudi-backed LIV Golf.
2023-07-10 20:16
Nobody told her about this gun-safety measure in her state. Now, she wonders if it could have saved her daughter's life
Vanessa Salgado's nightmare began on what should have been a regular evening in the spring of last year, while she was waiting for her boyfriend to bring back tacos from a fast-food restaurant.
2023-07-10 18:59
How much did Jack Ma's speech cost Ant Group? About $230 billion
Ant Group has announced a share buyback that values it at $78.5 billion, which is about $230 billion or 75% less than the valuation it fetched nearly three years ago, before its IPO was yanked by Chinese regulators.
2023-07-10 18:29
Republicans get top recruit in Nevada to take on Democratic Sen. Jacky Rosen
Sam Brown, a retired Army captain who was severely burned by the explosion of a roadside bomb in Afghanistan, announced his plans to enter Nevada's Republican primary Monday to take on Democratic Sen. Jacky Rosen next fall.
2023-07-10 18:24
Biden and Sunak sit down at 10 Downing Street as US president starts high-stakes European trip
President Joe Biden on Monday kicked off the first full day of his trip abroad with a London visit aimed at bolstering the US-UK "special relationship" -- including his first meeting with King Charles III since the monarch's coronation -- on the eve of a high-stakes summit with NATO leaders.
2023-07-10 17:47
Rheinmetall will build and repair tanks in Ukraine, says CEO
Rheinmetall will open an armored vehicle plant in Ukraine within the next 12 weeks, shrugging off concerns other Western defense companies reportedly have about building a presence in the country while it is at war with Russia.
2023-07-10 17:46
Can AI save commercial real estate in San Francisco?
Tech companies and commercial real estate firms say they see bright spots in San Francisco's economy as AI firms drive office leasing demand.
2023-07-10 16:16
Thames Water secures $962 million from investors but says it will need more
Investors in Thames Water have agreed to put an extra £750 million ($962 million) of equity funding into the troubled utility to hold off a temporary takeover by the government.
2023-07-10 15:45
Inmate facing murder charge escapes California medical center
California authorities have launched a manhunt after an inmate accused of murder escaped a medical center in Placer County early Sunday morning.
2023-07-10 09:28
Memphis officials ask court to strike statements about Atlanta police unit from a civil lawsuit filed by Tyre Nichols' mother
The City of Memphis and other officials have filed a motion seeking to strike certain statements from a civil lawsuit filed by the mother of Tyre Nichols, a 29-year old Black man who died after being violently beaten by Memphis police in January.
2023-07-10 08:48
Warnings are in effect for potentially 'catastrophic' flash flooding across southeastern New York
Meteorologists have issued a flash flood emergency for parts of the Lower Hudson Valley in southeastern New York, warning that powerful thunderstorms have dumped several inches of rain and are causing "life threatening" and catastrophic flash flooding.
2023-07-10 06:54