News Updates

Apple CEO praises China’s innovation, long history of cooperation on Beijing visit
Apple CEO Tim Cook on Saturday used his first public remarks in China in recent years to praise the country for its rapid innovation and its long ties with the

Israeli government delays disputed judiciary bill amid mass protests
Prime Minister Benjamin Netanyahu on Monday delayed a decision on bitterly contested plans for a judicial overhaul until next month amid fears that Israel‘s worst national crisis in years could fracture

First Citizens agrees to acquire failed Silicon Valley Bank
First Citizens BancShares Inc said on Monday it would acquire the deposits and loans of failed Silicon Valley Bank, closing one chapter in the crisis of confidence that has ripped

Comer reveals breakthroughs in Biden family business probe: ‘Biden was in on the game’
The walls appear to be closing in on the Biden family with news that Republicans have made several breakthroughs in their probe into alleged foreign influence peddling which they claim has brought the investigation “very close” to the president. House Oversight Committee Chair James Comer (R-Ky.) dropped information about several

Republicans slam Biden for bailing out wealthy SVB investors on taxpayers’ dime
Several GOP senators are challenging President Joe Biden’s claim that American taxpayers won’t foot the bill for the bailout of wealthy investors who deposited funds in Silicon Valley Bank, now controlled by federal regulators following its storied collapse on Friday. Republicans argued that U.S. banks that pay into the Federal

US involvement in Ukraine emerging as key issue in 2024 election
Continued funding for Ukraine’s defense against the Russian invasion is shaping up to be a key issue ahead of the 2024 presidential election. While Democrats have remained steadfast in their support of continued aid for Kyiv, Republicans are increasingly divided over the role Washington should play in the ongoing conflict.

Moody’s changes U.S. banking outlook to ‘negative’
The analytics firm adjusted its outlook based on the Silicon Valley Bank and Signature Bank debacle.

U.S. Federal Reserve to review its oversight of Silicon Valley Bank
Fallout continues from the run on and collapse of Silicon Valley Bank. The Federal Reserve is launching an internal review of its supervision and regulation of the bank. Fed Chair Jerome Powell said the bank’s failure demands a “thorough, transparent, and swift review.” Fed Vice Chairman for Supervision Michael Barr

House Oversight subpoenas bank records of three Hunter Biden associates with CCP connections
House Oversight Committee Chairman James Comer (R-Ky.) announced Monday that he subpoenaed and received the bank records of three former Hunter Biden business associates dating from Jan. 20, 2009, to the present. The subpoenas are part of a broader investigation into the claim that various members of the Biden family,

Trump continues to attack DeSantis, admits he is his ‘most serious challenger’
Donald Trump wants to be president again, and in classic Trump style, he will do whatever it takes to make that desire a reality, even if it means going after fellow republicans in the process. “For those of you that didn’t notice, Florida was doing great long before Ron DeSanctus

Bitcoin rises to highest level since June 2022
Top cryptocurrency bitcoin hit a nine-month high of $26,533 on Tuesday, in its fourth consecutive day of gains, as it appeared to benefit from chaos in global markets following last week’s collapse of Silicon Valley Bank. Bitcoin rose to $26,533, up around 10% on the day at its highest since

No bailout for SVB, but government will back deposits
U.S. Treasury Secretary Janet Yellen on Sunday said she was working closely with banking regulators to respond to the collapse of Silicon Valley Bank (SVB) and protect depositors, but a major bailout was not being considered. Yellen told the CBS News “Face the Nation” show that she had been working with regulators to
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