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Read previewThe 2024 Met Gala came and went in a flash of glamorous red-carpet fashion. AdvertisementBut one of the best takes came from Mona Patel, a philanthropist and entrepreneur who made her Met Gala debut. Related storiesHer work in the fashion world led her to the 2024 Met Gala, where she arrived in a custom Iris van Herpen couture gown. AdvertisementMona Patel on the 2024 Met Gala red carpet. Mona Patel walks up the steps at the Met Gala 2024.
Persons: , J.G . Ballard, Mona Patel, Patel, Iris van Herpen, Iris, Dimitrios Kambouris, Casey Curran, Cindy Ord, MG24, Roach, Law Roach, Zendaya's, he's, Chris Martin, Edgar Martin Organizations: Service, Metropolitan Museum of Art, Vogue, Business, Haute Mona, Forbes, The Met Museum, Vogue India, Vogue Fashion, Zendaya's Locations: India, Mumbai
Pamela Anderson broke her no-makeup streak at the 2024 Met Gala. AdvertisementAfter a slew of bare-faced public appearances, Pamela Anderson finally ditched the no-makeup look for her Met Gala debut. Pamela Anderson ditched her no-makeup look for her first Met Gala appearance. And since then, I just felt, without Alexis, it's just better for me not to wear makeup," Anderson said. Reflecting on her Met Gala debut, Anderson told the Times that it "means a lot" to her that she was invited.
Persons: Pamela Anderson, Oscar, la, Pat McGrath, Anna Wintour's, Anderson, , Cindy Ord, MG24, McGrath, Theo Wargo, smokey, Elle, Alexis Vogel, Alexis, it's, Noel Stewart headpiece, Marleen Moise, Noel Stewart —, Anna Wintour Organizations: Service, British Vogue, New York Times, Times, Met
World’s busiest airports: There’s a new No. 2
  + stars: | 2024-04-15 | by ( Marnie Hunter | ) edition.cnn.com   time to read: +6 min
CNN —Globe-trotters are on the move again in a big way, boosting the rankings of a handful of international aviation hubs on the list of the world’s busiest airports. With 104.7 million passengers in 2023, Dubai’s not nipping at its heels just yet. Tokyo International Airport, commonly known as Haneda Airport, leapt up from No. Tokyo Haneda, Japan (HND): 78.7 million passengers; up 55.1% from 20226. Los Angeles, California (LAX): 75.1 million passengers; up 13.8% from 20229.
Persons: Atlanta’s, , Luis Felipe de Oliveira, de Oliveira, Dubai’s, Kamran Jebreili, Issei Kato, Indira, ” de Oliveira Organizations: CNN — Globe, Atlanta’s Hartsfield, Jackson International, , ACI, Asia Pacific, Atlanta, Chicago, London Heathrow, Tokyo International Airport, Haneda Airport, Reuters, Indira Gandhi International, Air India, IndiGo, Boeing, Aircraft, Hartsfield, Jackson, United Arab Emirates, London, Tokyo, Chicago O’Hare Locations: Dubai, “ Dubai, East, Asia, Atlanta, United States, Dallas, Fort Worth, Denver, Los Angeles, London, Tokyo, Japan, Haneda, Reuters Istanbul’s, New Delhi, India, Jackson Atlanta , Georgia, United Arab, Fort Worth , Texas, DFW, London Heathrow, United Kingdom, Tokyo Haneda, Denver , Colorado, Istanbul, Turkey, Los Angeles , California, Chicago O’Hare , Illinois, ORD, Delhi
Wendy Williams' son, Kevin Hunter Jr., has been navigating life in the spotlight for years. Kevin Hunter Jr. is the only child of Wendy Williams and her ex-husband, Kevin Hunter Sr.From left: Kevin Hunter Sr., Wendy Williams, and Kevin Hunter Jr. on July 11, 2017, in New York City. Wendy Williams, left poses for a photo with her son Kevin Hunter Jr. at the unveiling of her Madame Tussauds wax figure in New York on May 10, 2021. Kevin Hunter Jr. appeared in Lifetime's documentary, 'Where Is Wendy Williams?' Kevin Hunter Jr. in the documentary "Where Is Wendy Williams?"
Persons: Wendy Williams, Kevin Hunter Jr, Hunter, Kevin Hunter Sr, Bruce Glikas, " Williams, Kevin, It's, Williams, Madame Tussaud's, Madame, Cindy Ord, Madame Tussauds, Madame Tussauds New York Williams, Will Selby, Hunter's, Wendy, shouldn't Organizations: Business, PBS, Entertainment, Prosecutor's Office, Hollywood, Getty, People, Sun Locations: New York City, Essex, NYC, New York, Madame Tussauds New York, Miami
Zendaya, Bad Bunny, Jennifer Lopez, and Chris Hemsworth will serve as the 2024 Met Gala co-chairs. AdvertisementIt's almost time for the 2024 Met Gala. The 2024 Met Gala theme: 'Sleeping Beauties' of fashionVogue previously revealed in November 2023 that the upcoming Met Gala theme will showcase both new "masterpieces of fashion" and ones that are so old and delicate they can never be worn again. Halle Bailey attends the 2023 Met Gala in New York City. But in true Met Gala fashion, we'll have to wait until the first Monday of May to find out for sure.
Persons: Bunny, Jennifer Lopez, Chris Hemsworth, , Anna Wintour, Shou Chew, Loewe, Jonathan Anderson, Kim Kardashian, Angela Weiss, J.G . Ballard, Halle Bailey, Cindy Ord Organizations: Vogue, Service, Metropolitan Museum of Art, Costume Institute, Getty, Business Locations: New York City
How to watch the 2024 Grammy Awards
  + stars: | 2024-02-04 | by ( Marianne Garvey | ) edition.cnn.com   time to read: +4 min
At Sunday’s 66th annual Grammy Awards, nominees SZA and Taylor Swift are poised for significant wins, while the stage is set for some legendary performances. The hostHost Trevor Noah at the Grammy Awards in 2023. I’m really, really, really not even saying this just to be humble or anything. The nomineesSZA, performing here in 2022, leads this year's Grammy nominees. If her “Midnights” wins album of the year, she will become the first artist to win the category four times.
Persons: CNN —, Taylor Swift, Tracy Chapman, Luke Combs, Joni Mitchell, Trevor Noah, Kevin Winter, Noah, He’s, Dave Chappelle, Wanda Sykes, Chris Rock, Sarah Silverman, “ I’m, ” Noah, I’m, Jemal Countess, SZA, Lauryn Hill ”, Midnights ”, Olivia Rodrigo, boygenius, Jon Batiste, Miley Cyrus, Billie Eilish, Victoria Monét, Joe Okpako, Meryl Streep, Lenny Kravitz, Christina Aguilera, Lionel Richie, Mark Ronson, Samara Joy, Taylor Tomlinson, Oprah Winfrey, Cindy Ord, MG23, Travis Scott, Burna, Billy Joel, John Locher Organizations: CNN, Hollywood, North, CBS, Paramount, Showtime Locations: Maluma, Samara, North America, Dua Lipa
The board accused CEO Sam Altman of not being "candid" when they fired him. AdvertisementElon Musk has multiple axes to grind when it comes to OpenAl and its cofounder Sam Altman. "He was not consistently candid in his communications with the board, hindering its ability to exercise its responsibilities," OpenAl said. AdvertisementThat's an unusual charter for a tech startup or most other private companies, which usually exist to primarily make a profit and provide investors with a return. Musk has also launched a competing Al research group, so chaos at OpenAl could be relatively good for that initiative.
Persons: OpenAI, Sam Altman, , Elon Musk, OpenAl, Altman, Musk, Toby Ord, Altman's, didn't, Ilya Sutskever, Sutskever, cofounders Organizations: Service, Oxford University, Big Tech, Bloomberg, Al, The New York Times Locations: OpenAl
Abandoned golf courses are being reclaimed by nature
  + stars: | 2023-10-27 | by ( Nell Lewis | ) edition.cnn.com   time to read: +9 min
CNN —Golf courses, despite occupying large green spaces, are not necessarily good for the environment. Santa Barbara's Ocean Meadows golf course has been returned to its wetland state, which doubles as a flood defense for the city. Rivers and streams are often diverted or altered to make way for a golf course, but conservationists want them to flow freely. In other areas of the country, local councils are repurposing unprofitable municipal golf courses to create more natural spaces. A golf course turned nature reserve, Yalukit Willam can now be enjoyed by the Melbourne residents.
Persons: , Guillermo Rodriguez, , ” California's, Larsen, Rodriguez, TPL, Public Land Rodriguez, Mike Johnson, Frodsham, Michael Owen, “ It’s, Neil Oxley, Boon Organizations: CNN, The Trust, Public, Trust, Public Land, San, Rancho Cañada, Summit Metro Parks, Wildlife, Liverpool, Woodland Trust, Hull, Derbyshire Wildlife Trust, Hove City Council, Bayside City Council Locations: California, ” California's San Geronimo, San Geronimo , California, San Geronimo, California’s Marin County, Meadows , California, Santa Barbara, Meadows, Santa, Cañada , California, Monterey, Carmel, Ventana, Fort Ord, Rivers, Valley , Ohio, Akron , Ohio, Ohio’s, Cheshire, Liverpool, Erewash Borough, Brighton, Willam, Australia, Melbourne, Elwood, Bayside
For much of the 20th century, Fort Ord was one of the largest light infantry training bases in the country, a place where more than a million U.S. Army troops were schooled in the lethal skills of firing a mortar and aiming a rifle — discharging thousands of rounds a day into the scenic sand dunes along the coast of central California. Later, when it became clear with the end of the Cold War that the colossal military infrastructure built up to fight the Soviet Union would no longer be necessary, Fort Ord was one of 800 U.S. military bases, large and small, that were shuttered between 1988 and 2005. The cities of Seaside and Marina, Calif., where Fort Ord had been critical to the local economy, were left with a ghost town of clapboard barracks and decrepit, World War II-era concrete structures that neither of the cities could afford to tear down. Also left behind were poisonous stockpiles of unexploded ordnance, lead fragments, industrial solvents and explosives residue, a toxic legacy that in some areas of the base remains largely where the Army left it. Across the country, communities were promised that closed bases would be restored, cleaned up and turned over for civilian use — creating jobs, spurring business growth and providing space for new housing.
Persons: Fort Ord Organizations: . Army, Army Locations: Fort, California, Soviet Union, Seaside, Marina, Calif
Prince William flew to New York on Monday for a two-day visit during which he attended the second Earthshot Prize Innovation Summit, an event which coincides with both Climate Week NYC and the 78th session of the UN General Assembly, and where the finalists were unveiled. Prince William speaks with kids as he visits Billion Oyster Project in New York City on Monday. Cindy Ord/Getty ImagesUpon touching down at Newark Airport on Monday, the Prince of Wales said it was good to be back in the US. “No one does optimism and ingenuity like the American people, so it’s only right we unveil this year’s Earthshot finalists in New York City,” William said. And vital.”The five Earthshot categories and finalists are:Protect and Restore NatureAccion Andina - Peru: A grassroots project working across South America to protect native forest ecosystems across the Andes.
Persons: Prince, Prince William, John F, Cindy Ord, Wales, ” William, , Kennedy Organizations: London CNN, UN, Assembly, Royal Foundation, Getty, Newark Airport, Air, US, Global, Technologies, Circ Inc Locations: Wales, New York, Singapore, United States, New York City, Peru, South America, Freetown, Tree, Sierra Leone, Council, Belterra, Brazil, Poland, United Kingdom, Hong Kong, South Africa, India
REUTERS/Umit Bektas Acquire Licensing RightsMERSIN, Turkey, Sept 10 (Reuters) - Rescuers raced on Sunday to rescue an American caver who had become trapped more than 1,000 metres (3,300 ft) underground in southern Turkey, moving him halfway to the surface. More than 150 rescuers from Turkey and other countries have been working for days to rescue him from the country's third deepest cave. "Our medical team is working really hard to try to keep Mark's condition as stable as possible. Since yesterday, we started lifting the stretcher and transporting him through the cave," Giuseppe Conti, European Cave Rescue Association technical commission chairperson, told reporters. Mark's medical condition right now is very good," said Tulga Sener, medical coordinator for the cave rescue commission.
Persons: caver Mark Dickey, Umit, Mark Dickey, Giuseppe Conti, Mark, Jessica Van Ord, Tulga Sener, Cenk, Dickey, Ali Kucukgocmen, Huseyin Hayatsever, Giles Elgood Organizations: REUTERS, Rights, Rescue Association, Bulent Usta, Thomson Locations: Anamur, Mersin province, Turkey, Rights MERSIN, American, Mersin, Cenk Yildiz
REUTERS/Androniki Christodoulou/File Photo Acquire Licensing RightsHONG KONG, Sept 6 (Reuters) - Asia stocks fell on Wednesday after faltering growth in China and Europe heightened concerns about global economic momentum, while the dollar firmed as investors weighed the outlook for Federal Reserve interest rates. MSCI's gauge of Asia Pacific stocks outside Japan (.MIAPJ0000PUS) dipped 0.45%. "The China decline was bigger than expected," said Redmond Wong, Greater China market strategist at Saxo Markets. Manufacturing data from Germany, Britain and the euro zone also showed declines, while their service sectors fell into contraction. "The Europe data were rather weak.
Persons: Androniki, HSI, Redmond Wong, Wong, Australia's, Christopher Waller, John Milroy, Ord Minnett, Brent, Kane Wu, Edmund Klamann, Sam Holmes Organizations: REUTERS, Federal Reserve, Saxo Markets, Nikkei, U.S, BlackRock Investment Institute, Institute for Supply Management, PMI, Thomson Locations: Tokyo, Japan, HONG KONG, Asia, China, Europe, London, U.S, 0520GMT, Asia Pacific, Greater China, Germany, Britain, BlackRock, ., Saudi Arabia, Russia
Asia stocks fall as global growth concerns mount
  + stars: | 2023-09-06 | by ( Kane Wu | ) www.reuters.com   time to read: +2 min
REUTERS/Androniki Christodoulou/File Photo Acquire Licensing RightsHONG KONG, Sept 6 (Reuters) - Asia stocks fell on Wednesday after weak economic data in China and Europe heightened concerns over global growth, while the dollar firmed as investors weighed the outlook for U.S. interest rates. MSCI's gauge of Asia Pacific stocks outside Japan (.MIAPJ0000PUS) was down 0.5% at 0143GMT. The Hang Seng Index (.HSI) and China's benchmark CSI300 Index (.CSI300) both opened down about 0.3%. Shares in Europe and the U.S. fell on Tuesday over concerns about weak global growth. (This story has been refiled to correct the Reuters Instrument Code of the Hang Seng Index in paragraph 4)Reporting by Kane Wu; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.
Persons: Androniki, Australia's, Redmond Wong, Christopher Waller, John Milroy, Ord, Brent, Kane Wu, Edmund Klamann Organizations: REUTERS, Saxo Markets, U.S, Reuters, Thomson Locations: Tokyo, Japan, HONG KONG, Asia, China, Europe, Asia Pacific, 0143GMT, Germany, Britain, Greater China, U.S, Ord Minnett .
Asia stocks fall as weak China data weigh
  + stars: | 2023-08-16 | by ( Kane Wu | ) www.reuters.com   time to read: +3 min
China reported weaker than expected July activity data Tuesday, accompanied by news that Beijing would no longer publish youth unemployment data. Wong said he was most concerned about month-to-month decline of China's retail sales and weak infrastructure investments, which suggested lack of funding from local governments. China's industrial output and retail sales growth both slowed from a month earlier to a year-on-year pace of 3.7% and 2.5% respectively, missing expectations. If the decline begins to accelerate, it will feed back on weaker consumer confidence and weigh on already feeble retail sales growth. All three major U.S. equity indexes ended Tuesday lower, after a stronger-than-expected report on U.S. retail sales data.
Persons: Issei Kato, HONG KONG, Australia's, Redmond Wong, Wong, Hang, John Milroy, Ord Minnett, Tina Teng, Ord Minnett's Milroy, Brent, Kane Wu, Lincoln Organizations: REUTERS, Japan's Nikkei, Saxo Markets, Dow Jones, Nasdaq, Fed, New Zealand, CMC, Canada, BHP, Thomson Locations: Tokyo, Japan, HONG, Asia, Asia Pacific, China, Beijing, Greater China, Wedneday
Three months earlier, Shuster had bought an AirTag – Apple’s tracking devices – to know where her daughter’s bag was. “It had moved maybe 50 feet, and the AirTag was embedded in the bag – I doubted someone stole it,” she says. A day off work and a trip to ChicagoThe bag was at Chicago, in exactly the place the AirTag had said it was. ‘We never heard of that’While United staff said the bag was in Baltimore, the AirTag showed its correct location: Chicago. Why couldn’t the guy at baggage claim in Denver call Chicago?
Persons: Sandra Shuster, Shuster, Ruby, , didn’t, , , ’ ”, we’re, they’d, , Barhydt Ruby, ‘ Mam, Nam, she’d, “ We’ve, ORD, I’d, It’s, Shuster –, ” United, we’ve, ” Shuster, she’ll, that’s, She’ll, ’ “ Organizations: CNN, United, Denver, Airlines, Chicago, United’s Twitter, Twitter, ” Staff, , ‘ Airlines Locations: Denver, Chicago, Baltimore, O’Hare, San Francisco, California
The S&P 500 has pushed its way into a new bull market, but experts are torn over whether the rally can last. Though he previously predicted a 15% increase for the S&P 500, he's turned more bearish on the market as recession odds increase. Goldman SachsThe hype for AI is real and could lead the S&P 500 to climb higher this year, Goldman Sachs said. That could take the S&P 500 as much as 14% higher in the coming years, strategists said. The S&P 500 could end the year at 4,500, strategists predicted, implying around a 5% upside from current levels and a gain of about 17% for the full year.
Persons: , David Rosenberg, Rosenberg, That's, Steve Marcus, Jeremy Siegel, Siegel, he's, Bloomberg Mike Wilson, Morgan Stanley, Morgan, Mike Wilson, Wilson, Cindy Ord, Tom Lee, Fundstrat, Goldman Sachs Organizations: Service, New York Fed, Rosenberg Research, Wharton School, Bloomberg, Corporations, Getty, CNBC
Chocolate prices have risen by 14% in the past year, according to consumer intelligence database NielsenIQ. Chetvertakov foresees that the cocoa market could be dented by another deficit in the subsequent season, which runs from October to September next year. Spike in sugar and cocoa butter prices"As chocolate is made up primarily of cocoa butter, with some cocoa liquor included in dark or milk, the price of butter is the most direct reflection of how chocolate prices would move," said Mintec's Director of Commodity Insights Andrew Moriarty. Dark and milk chocolate bars arranged with cocoa beans, cocoa powder and cinnamon sticks. Amongst the different varieties of chocolate, prices of dark chocolate will be hardest hit.
Persons: Cindy Ord, Sergey Chetvertakov, Chetvertakov, Nino, Andrew Moriarty Organizations: Getty, P, CNBC, El, Bloomberg Locations: West Africa, Côte d'Ivoire, Ghana, Azaguie, Ivory Coast, Europe
Read Insider's guide to the best travel rewards credit cards. The undisputed king of travel insurance is the Chase Sapphire Reserve®, which offers higher payouts and activates faster than nearly any other travel rewards credit card in existence. Chase Sapphire Reserve® 4.4 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star A tooltip Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. Apply nowChase Sapphire Reserve® 4.4 /5 A five pointed star A five pointed star A five pointed star A five pointed star A five pointed star A tooltip Our editor's ratings analyze fees, bonuses, rewards, and benefits to highlight the simplest and most valuable credit cards available. That's $900 toward travel when you redeem through Chase Ultimate Rewards®$300 Annual Travel Credit as reimbursement for travel purchases charged to your card each account anniversary year.
Persons: Joseph Hostetler, , you'd, Wells, We're, That's, you've, it's Organizations: Service, Card Citi, Card, Target, Walmart, Citi, Google, Chase, TSA, Sapphire, Chase Sapphire, Reading Chevron Locations: Europe, Africa, Asia, Airports, Boston, Chicago, ORD, Dallas, DFW, Los Angeles, Miami, New York, JFK, Pittsburgh, Amsterdam, Philadelphia
The package still has to be approved by the Republican-controlled House of Representatives and Democratic-controlled Senate before the debt limit is reached, likely by next Monday. The bond market is implying there is an extreme 70% probability on a U.S. recession in the next year. Australian shares (.AXJO) were down 0.11% while the Nikkei stock index (.N225) rose 0.36%, after the Japanese benchmark hit a 33-year high on optimism over the U.S debt deal and a weaker yen, which helps the country's exporters. Benchmark 10-year yields dropped 6 basis points during Asian trade to 3.7616% while thirty-year yields fell 6.3 bps to 3.9134%. With the debt deal heading to Congress for approval, JB Were analysts said there could be up to $600 billion worth of bill issuance in the next six to eight weeks.
In Asian trade, longer-dated U.S. Treasuries rallied on Tuesday as bond traders welcomed the deal to suspend Washington's borrowing limit. "There's still a huge disconnect between bond markets and equities. The deal suspends the debt ceiling until January 2025 in exchange for caps on spending and cuts in government programmes. While U.S cash markets were closed on Monday, S&P 500 e-minis were up 0.32%, reflecting the positive reaction to the debt deal. With the debt deal heading to Congress for approval, JB Were analysts said there could be up to $600 billion worth of bill issuance in the next six to eight weeks.
Our experts answer readers' credit card questions and write unbiased product reviews (here's how we assess credit cards). Read Insider's guide to the best travel rewards credit cards. There are even a handful of no-annual-fee travel credit cards that waive foreign transaction fees, such as the Capital One VentureOne Rewards Credit Card. Even if you travel just once or twice per year, you should have at least one travel rewards credit card. Note that credit card lenders may use many different variations of credit score models when considering your application.
Airports Council International , the trade association of the world's airports, recently released its annual ranking of the busiest airports in the world. Hartsfield–Jackson Atlanta International Airport (ATL) Dallas/Fort Worth International Airport (DFW) Denver International Airport (DEN) Chicago O'Hare International Airport (ORD) Dubai International Airport (DXB) Los Angeles International Airport (LAX) Istanbul Airport (IST) Heathrow Airport (LHR) Indira Gandhi International Airport (DEL) Paris Charles de Gaulle Airport (CDG)Atlanta's Hartsfield-Jackson international airport topped the list as the world's busiest airport for the second year in a row. The only year that Atlanta hasn't been the busiest airport in the last four years was 2020 when ATL came in second behind Guangzhou Baiyun International Airport in southern China. DFW is the second-largest airport by land area in the United States after Denver International Airport, according to the Department of Transportation. Denver International Airport has also been among the top 20 busiest airports in the world every year since 2000, according to the Port Authority of New York and New Jersey.
Credit Suisse saw more than $200 million net outflows from its U.S. and European managed funds after March 13, Morningstar Direct said on Friday. DBRS Morningstar on Thursday became the first global rating agency to cut the bank's credit score, with a downgrade to "BBB", which still qualifies Credit Suisse as investment grade. Credit Suisse shares are down about 26% this week and poised for their biggest week drop since October 2008 and the global financial crisis. U.S. shareholders of Credit Suisse sued the bank on Thursday, claiming it defrauded them by concealing problems with its finances. Credit Suisse declined to comment on the lawsuit.
Credit Suisse shares fall again, sentiment remains fragile
  + stars: | 2023-03-17 | by ( ) www.reuters.com   time to read: +3 min
"While markets are relieved that the Swiss central bank stepped in, sentiment is bound to remain very fragile, particularly as investors will likely worry about the eventual economic impact of aggressive monetary policy tightening by the European Central Bank (ECB)," she added. DBRS Morningstar on Thursday became the first global rating agency to cut the bank's credit score, with a downgrade to "BBB", which still qualifies Credit Suisse as investment grade. Credit Suisse shares are down about 22% this week and poised for their biggest week drop since March 2020 when the COVID-19 crisis wreaked turmoil across world markets. U.S. shareholders of Credit Suisse sued the bank on Thursday, claiming it defrauded them by concealing problems with its finances. Credit Suisse declined to comment on the lawsuit.
Bank rescues ease crisis fears, investors still wary
  + stars: | 2023-03-17 | by ( ) www.reuters.com   time to read: +3 min
COMMENTS:KERRY CRAIG, SENIOR STRATEGIST, JPMORGAN ASSET MANAGEMENT"It has been a week of ups and downs for the equity market this week. Then they will take it away gradually and the bank will play out a slow death." ZHIKAI CHEN, HEAD OF ASIA EQUTIES, BNP PARIBAS ASSET MANAGEMENT"The $30 billion deposit injection into First Republic overnight was novel and creative. Its new facility taking eligible securities at par removes the mark to market spiral risk to meet deposits. That said, markets are now suggesting rates hikes may be nearing an end, while inflation continues to rollover."
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