Federal Reserve Board Vice Chair for Supervision Michael S. Barr testifies at a Senate Banking, Housing and Urban Affairs Committee hearing on “Recent Bank Failures and the Federal Regulatory Response” on Capitol Hill in Washington, March 28, 2023.Evelyn Hockstein | ReutersA top Federal Reserve official on Tuesday unveiled changes to a proposed set of U.S. banking regulations that roughly cuts in half the extra capital that the largest institutions will be forced to hold.Introduced in July 2023, the regulatory overhaul known as the Basel Endgame would’ve boosted capital requirements for the world’s largest banks by roughly 19%.Instead, officials at the…
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Screen grab showing Former First Lady Melania Trump addresses her husbands assassination attempt on X.Source: @melaniatrump | XFormer first lady Melania Trump questioned the official account of the attempted assassination this summer of her husband, Republican presidential nominee Donald Trump. Speaking in a dramatically produced 30-second video, posted to social media Tuesday to promote her new memoir, Trump argues there is “definitely more to the story.” She refers specifically to the failure of law enforcement to arrest the shooter Thomas Crooks before the near-fatal shooting of Donald Trump at a campaign rally in western Pennsylvania.”The attempt to end my husband’s…
James Earl Jones, who was 93 when he died Monday, will be remembered by baseball purists for the stirring, soul-reaching words he delivered in the 1989 film “Field of Dreams.”Cast as a fictitious writer named Terence Mann, Jones is nominally speaking to Kevin Costner’s Ray Kinsella. But what he’s really doing is speaking to anyone in the audience who has long wondered whatever became of the baseball cards they collected growing up. He’s speaking to anyone who ponders what Babe Ruth would hit today, or what Shohei Ohtani would have hit yesterday. He’s speaking to anyone who’s ever held a…
Brandon CopelandCopeland MediaBrandon Copeland is a former NFL linebacker turned coach. But the type of coaching he gravitates to isn’t in the realm of sports — it’s in personal finance.The 33-year-old — who played for six teams across 10 seasons in the National Football League before retiring last year — started co-teaching a financial literacy course to undergraduates at the University of Pennsylvania’s Wharton School, his alma mater, in 2019 while playing for the New York Jets.The course, nicknamed “Life 101,” was inspired by his own experiences with money, according to “Professor Cope,” who is also a member of the…
Palestinian activists lift a banner and portraits of slain Turkish-American International Solidarity Movement activist Aysenur Ezgi Eygi during a funeral procession in Nablus in the occupied West Bank. Nasser Ishtayeh | Lightrocket | Getty ImagesThe Israeli military said Tuesday that it was “highly likely” its forces killed an American woman during a protest in the occupied West Bank last week. The United States said the shooting was “unprovoked and unjustified” and called for “fundamental changes” to Israel’s conduct, a rare direct rebuke of its close ally.Aysenur Ezgi Eygi, 26, a recent graduate of the University of Washington in Seattle, was shot and killed Friday during…
When Vice President Kamala Harris and former President Donald Trump take the debate stage in Philadelphia on Tuesday night, expect them to arrive with a stockpile of talking points about the U.S. economy.In the weeks leading up to their head-to-head debate, hosted by ABC News, both Harris and Trump have unveiled new economic proposals. They have also tried to paint their rival as a threat to the health and stability of the U.S. economy.As the candidates try to frame the economy in favorable terms Tuesday, keep these key numbers in mind.Inflation and pricesPeople walk by a produce store in Brooklyn…
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via EmailTheme parks like Disney World and Disneyland are quickly becoming out of reach for many middle class families. Over the past 10 years, the average cost for a Disney World single-park ticket has increased more than 56%, above the national rate of inflation in the same period. Disney says its Parks and Experiences segment is feeling pressure due to lower consumer demand and inflation in its third quarter 2024 reporting. Have recent price increases pushed inflation-weary Americans away from Disney vacations? Source link
Check out the companies making headlines in premarket trading. Mission Produce — The avocado producer surged 21.6% after reporting revenue for the fiscal third quarter jumped 24% from a year ago. The company reported sales of $324 million, compared with $261.4 million in the same three-month period one year before. Rival avocado producer Calavo Growers climbed 6.5% after earning 57 cents a share in its fiscal third quarter against analyst estimates of 43 cents a share, and doubling its quarterly dividend to 20 cents a share, Oracle — The cloud infrastructure platform rallied 8% after beating expectations in its fiscal…
A Southwest Airlines plane takes off from Hollywood Burbank Airport above other Southwest planes on July 25, 2024 in Burbank, California. Mario Tama | Getty ImagesSouthwest Airlines said Tuesday that executive chairman and former CEO Gary Kelly will retire next year and announced a board shakeup, moves that come as the carrier faces pressure for changes by activist investor Elliott Investment Management.”Now is the time for change. It’s time to shake things up, not just stir them a bit,” Kelly said in a letter to shareholders. “The wisdom comes in knowing what to change and what not to change.”Kelly, who has…
7 in 10 Americans plan to watch the debate, NPR poll findsNearly three quarters of American voters say they will watch the debate tonight, according to the latest poll by NPR, PBS News and Marist.The debate between Trump and Biden earlier in June drew 51.3 million viewers, down from the record 73.1 million viewers who tuned in to watch the first debate between them in September 2020. That was the third most watched debate ever, according to Statista.–Ece YildirimOhio police deny Vance claim of Haitian immigrants eating people’s petsRepublican vice presidential nominee, U.S. Sen. J.D. Vance (R-OH) speaks to reporters…
