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☆ Craft cocktails, mountain bikes and art: Walmart's hometown is booming, and getting more expensive
▼ + stars: | 2024-06-06 | by ( Melissa Repko | In Melissa-Repko | ) www.cnbc.com time to read: +13 min

— When Gil Curren's family moved into a run-down farmhouse in Walmart's hometown of Bentonville, Arkansas, in 1971, the now-retail giant wasn't yet a decade old. Craft cocktails, hipster coffee shops and chef-driven restaurants have popped up around the city. Realtor Kristen Boozman, who works for Sotheby's, helps clients search for homes in the Bentonville area, including many buyers who are relocating from another city. Home values have shot up in the Bentonville area. A Walmart spokeswoman said the Walton Family Foundation funds and advocates for affordable housing projects in the Bentonville area.

Persons: Gil Curren's, it's, Sue, Gil Curren, Melissa Repko, Hunt, Tyson, Shawn Baldwin, Sam Walton, Walton, Walton's, Steuart, Tom Walton, Sam Walton's, Alice Walton, Bridges, She's, Crystal Bridges, Kristen Boozman, There's, Donna Morris, Morris, Tracy Robinson, she's, CNBC Tracy Robinson, Robinson, Stanley, Matthew Cooper, Tom, Cooper, he's, district's, It's, Jeff Webster, Bentonville Shawn Baldwin Organizations: Cyclists, Kansas City, CNBC, Walmart, Craft, Fortune, Tyson Foods, PepsiCo, Hershey, Mattel, . Census, Cushman &, Sage Partners, of Commerce, Northwest Arkansas Council, D.C, Ropeswing Hospitality, Bentonville Schools, Excellerate Foundation, Walton Family Foundation, Walton Family, Bentonville Locations: BENTONVILLE, Ark, Walmart's, Bentonville , Arkansas, Bentonville, Kansas, Austin , Texas, New York, U.S, Silicon, It's, Arkansas, Cushman & Wakefield, American, Crystal, Austin, Boise , Idaho, Dallas, Fort Worth, Atlanta, Toronto, New York City, Miami, Washington, New York City , Washington, Bentonville's

☆ Stocks are about to hit a 'wall of money' that will drive the market to record highs in July, Goldman Sachs says
▼ + stars: | 2024-06-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

A record $7.3 trillion in money market funds could soon be reinvested elsewhere, according to Goldman Sachs. AdvertisementA "wall of money" is headed for the stock market this summer and will drive equities to record highs, according to a recent note from Goldman Sachs' trading desk. Goldman Sachs managing director Scott Rubner highlighted in the note that a record $7.3 trillion is sitting in money market funds, and a large chunk of that is poised to flow into stocks. AdvertisementIf the Fed cuts rates, then the cash yield on money market funds should drop from its current level of about 5%. AdvertisementWith stocks already trading at records, the gains Rubner expects would send the stock market to fresh highs.

Persons: Goldman Sachs, seasonals, —, Scott Rubner, Rubner, NDX Organizations: Service, Federal Reserve, Nasdaq

☆ GameStop soars 41% after Roaring Kitty schedules a YouTube live session for this week
▼ + stars: | 2024-06-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The stock soared after Roaring Kitty scheduled a livestream on his YouTube channel for this week. The upcoming livestream is titled "Roaring Kitty Live Stream - June 7, 2024" and already has 12,500 YouTubers "waiting" for the stream to start. Gill's The Roaring Kitty YouTube account gained tens of thousands of subscribers on Thursday, climbing to 711,000. AdvertisementLast month, Gill's Roaring Kitty X account posted a slew of memes and sparked a massive rally in meme-stocks, led by shares of GameStop. Gill revealed he owns 5 million shares of GameStop worth more than $200 million based on Thursday afternoon prices.

Persons: Roaring Kitty, Keith Gill's, —, Jmoa, Adam Smith, Kitty, Gill, Reddit Organizations: GameStop, Roaring, YouTube, Service, Keith Gill's YouTube, Business Locations: YOLO

Keep reading to learn all about the new season, including where to watch Criminal Minds: Evolution online. Where to watch Criminal Minds: Evolution in the USCriminal Minds: Evolution is available to stream on Paramount+ in the US. This is also where you can catch the previous season of Criminal Minds: Evolution, in addition to all 15 seasons of the original Criminal Minds. See at ParamountWhere to watch Criminal Minds: Evolution in AustraliaCriminal Minds: Evolution is available to stream on Disney+ in Australia. Criminal Minds: Evolution trailerParamount+ released the official trailer for the new season of Criminal Minds: Evolution in May.

Persons: Matthew Gray, Paget Brewster, Joe Mantegna, AJ Cook, Aisha Tyler, Kirsten Vangsness, Adam Rodriguez —, Zach Gilford, we've, ExpressVPN, Gilford's Elias Voit Organizations: Business, CBS, Paramount, NFL, Nickelodeon, Comedy Central, BET, MTV, Showtime, Disney, BAU Locations: Australia

☆ 3 catalysts could spark a 10% sell-off in the stock market this summer, according to JPMorgan
▼ + stars: | 2024-06-06 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The May jobs report could spark a bearish narrative change in the stock market. AdvertisementA 10% sell-off in the stock market is possible this summer after a massive year-to-date rally, according to JPMorgan. "The combination of earnings season stock performance and narrowing market breadth points to a market that needs a new set of catalysts and/or reassurance about the prevailing market narrative," JPMorgan said. "Momentum unwind"The bulk of the stock market's recent gains have been driven by momentum, with tech stocks leading the advance. AdvertisementJPMorgan said a jobs report below 50,000 to 75,000 range or above the 250,000 to 300,000 range could spark a narrative change and hurt stock prices.

Persons: — Organizations: JPMorgan, Service

☆ Ukraine desperately wants more F-16 trainees since it's only getting 20 pilots to fly 85 warplanes: report
▼ + stars: | 2024-06-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

Ukraine wants to train another 30 pilots for the F-16s it's going to get, Politico reported. That means Ukraine will likely only have 20 pilots for the 85 F-16s it's receiving from Europe. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . But the outlet reported, citing three anonymous sources familiar with the situation, that Ukraine's Western allies cannot train all the pilots Kyiv is asking for. Politico reported on Wednesday that Ukraine is expected to field about 20 F-16 pilots this year and is asking the US if it can train an additional 30.

Persons: — Organizations: Politico, Service, NATO, Business Locations: Ukraine, Arizona, Denmark, Romania, Europe

☆ Low-calorie sweetener xylitol linked to heart attack and stroke, study says
▼ + stars: | 2024-06-06 | by ( Sandee Lamotte | ) edition.cnn.com time to read: +8 min

Additional lab and animal research presented in both papers revealed erythritol and xylitol may cause blood platelets to clot more readily. Clots can break off and travel to the heart, triggering a heart attack, or to the brain, triggering a stroke. “It’s sold as a so-called natural sweetener, and because xylitol doesn’t spike blood sugar levels, it’s also marketed as low carb and keto friendly,” Hazen said. The February 2023 erythritol in study found the risk of heart attack and stroke nearly doubled within three years when people had the highest levels of erythritol in their blood. For the new study on xylitol, the results were basically the same — people with the highest levels of xylitol compared to those with the lowest levels had nearly twice the risk of heart attack, stroke and death, Hazen said.

Persons: “, ”, Stanley Hazen, Hazen, erythritol, Matthew Tomey, Tomey, Andrew Freeman, Freeman, xylitol, It’s, ” Hazen, you’re, Erythritol, Sinai’s Tomey Organizations: CNN, Center for Cardiovascular Diagnostics, Cleveland Clinic Lerner Research Institute, Cleveland Clinic’s Center, Human, Icahn School of Medicine, American Heart Association, Jewish Health, Getty, Food and Drug Administration, Heart Journal, World Health Organization Locations: stevia, Mount, New York City, Mount Sinai, Denver

☆ French Open women’s semifinals: Coco Gauff wants tennis VAR after Swiatek defeat
▼ + stars: | 2024-06-06 | by ( Matthew Futterman | Charlie Eccleshare | ) www.nytimes.com time to read: +6 min

Follow live coverage of the 2024 French Open todayWelcome back to the French Open briefing, where The Athletic will explain the stories behind the stories on each day of the tournament. Thursday brought the latest, in the second set of the French Open semifinal between Iga Swiatek and Coco Gauff. A line judge erroneously called a Swiatek serve out instead of in. Hawk-Eye is not in use at the French Open. 1, four Grand Slam titles, and another Grand Slam final with a serve that has a lot of work to be done on it?

Persons: Roland Garros, Swiatek, Coco Gauff, Glyn Kirk, Gauff, Aurelie Tourte, “, ”, Iga, Sabalenka, Elena Rybakina, Naomi Osaka … Jelena Ostapenko, it’s, Laura Siegemund, Edouard Roger, Vasselin, Siegemund, Sofia Kenin, Frenchman, Nicolas Mahut, “ I’m, ” Siegemund, Desirae Krawczyk, Neal Skupski, Roger, Iga Swiatek, Jasmine Paolini, Mirra, Carlos Alcaraz, Alexander Zverev, Casper Ruud, Robert Prange, Eamonn Dalton Organizations: U.S, Getty, Sofia, The Athletic Locations: Gauff, France, Germany

☆ Male birth control gel: A long-awaited hormonal contraceptive option for men may be closer to reality
▼ + stars: | 2024-06-05 | by ( Brenda Goodman | ) edition.cnn.com time to read: +8 min

CNN —After decades of false starts, researchers say they are finally making progress on a long-acting and reversible birth control option for men. The gel was developed by the National Institutes of Health and the nonprofit Population Council, and it takes much the same approach as birth control pills for women. “I would say our expectation was that it would be similar to hormonal birth control pills. The gel also seems to have other advantages over female birth control. To him, it doesn’t feel fair that his partner has to shoulder the burden of birth control.

Persons: “ We’ve, ”, Diana Blithe, Blithe, “, that’s, Matthew Treviño, it’s, he’s, “ I’ve, Emily Fletcher, –, Roe, Wade, ’ “ Fletcher, Treviño, ” Treviño, That’s, Christina Wang, Dr, Sanjay Gupta, Wang, they’ll, Brian Nguyen Organizations: CNN, National Institutes of Health, Population Council, NIH’s National Institute of Child Health, Human, Endocrine Society, World Health Organization, University of California, UC Davis, US Food and Drug Administration, Lundquist, Medical, Get CNN, CNN Health, University of Southern Locations: Boston, Sacramento , California, Davis, University of Southern California

☆ French Open quarterfinal recap: Breaks of serve and semifinal surprises
▼ + stars: | 2024-06-05 | by ( Charlie Eccleshare | Matthew Futterman | ) www.nytimes.com time to read: +5 min

On Day 11 of Roland Garros 2024, there were breaks of serve galore, semifinals surprises and doubles lessons for single players. If you’re a fan of players holding serve, I’m afraid Wednesday’s day session on Court Phillippe-Chatrier was not for you. There were 26 breaks of serve in the six singles sets played, an average of more than four breaks per set. Neither had ever reached even a Grand Slam quarterfinal before, while Rybakina, Sabalenka and Swiatek had been the best players of the clay court swing, alongside Danielle Collins. With less than 24 hours to recover before taking on Paolini, Andreeva told her partner Vera Zvonareva that she needed to rest.

Persons: Roland Garros, I’m, Phillippe, Chatrier, Jasmine Paolini, Elena Rybakina, Mirra Andreeva, Aryna Sabalenka, Alain Jocard, It’s, Iga Swiatek, Coco Gauff, Swiatek, Danielle Collins, Monica Seles, Steffi Graf, Gabriela Sabatini, Arantxa Sanchez Vicario, Loup Gautreau, Rybakina, Sabalenka, Jannik, Carlos Alcaraz, Casper Ruud, Alexander Zverev, Andreeva, Vera Zvonareva, John McEnroe, Serena Williams, ”, Paolini, Sara Errani, Alexander de Minaur, Iga, Eamonn Dalton Organizations: Getty, Swiatek, The Athletic Locations: AFP, Jean

☆ Nvidia surpasses Apple to become the 2nd-most-valuable company in the world
▼ + stars: | 2024-06-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

The ongoing AI boom helped catapult Nvidia's market valuation to $3.014 trillion. With Nvidia now bigger than Apple, the AI chip maker is just slightly behind Microsoft as the world's biggest company. Nvidia's valuation was just above $950 billion a year-ago and was about $400 billion in November 2022 when OpenAI first released ChatGPT to the public. Apple held a market valuation of $3.00 trillion Wednesday afternoon, or about $15 billion below Nvidia's current valuation. With Apple surpassed, Nvidia is behind only Microsoft, which is the world's most valuable company with a market capitalization of $3.15 trillion.

Persons: —, OpenAI, Beth Kindig, Kindig Organizations: Nvidia, Apple, Microsoft, world's, Service, Fund

☆ Here’s a Closer Look at the Hurdles to a Cease-Fire Deal
▼ + stars: | 2024-06-05 | by ( Matthew Mpoke Bigg | ) www.nytimes.com time to read: +1 min

Here’s a look at what is known about the cease-fire deal, which key points still must be negotiated, and the hurdles still ahead:What’s in the plan? Israel and Hamas agreed to a cease-fire in November that lasted for a week. But the proposal now on the table — as laid out by Mr. Biden, a senior U.S. administration official and Israeli officials — is more ambitious. Major issues remain unresolved, including whether Hamas would remain in control of the Gaza Strip. During that time, talks over a permanent cease-fire would continue, and if successful, the deal would enter phase two, with the full withdrawal of Israel’s military from the enclave.

Persons: Biden, ”, Israel, — Organizations: Hamas Locations: Israel, U.S, Gaza, United States

☆ Mortgage demand falls for the second straight week, but all eyes are on Friday's jobs report
▼ + stars: | 2024-06-05 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +2 min

Mortgage interest rates last week moved to the highest level since early May, and that pushed mortgage demand lower for the second straight week. Total mortgage application volume fell 5.2% last week, compared with the previous week, according to the Mortgage Bankers Association's seasonally adjusted index. Mortgage applications to purchase a home fell 4% for the week and were 16% lower than the same week a year ago. Buyers are not only contending with higher interest rates. Mortgage rates ended last week with a sharp drop on Friday and then continued to slide this week.

Persons: –, Mike Fratantoni, Fratantoni, Matthew Graham of, Graham Organizations: Mortgage, MBA's, Government, Matthew Graham of Mortgage News Locations: Austin , Texas

☆ Republican Leaders Seek to Avenge Trump
▼ + stars: | 2024-06-05 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

Prominent former White House aides like Stephen Bannon and Stephen Miller have demanded locally elected Republicans use their power to target Democrats. Ronny Jackson, a House representative from Texas, said he would encourage Congress to “aggressively go after” President Biden and his family. Seeking legal retribution is nothing new for Trump, who in 2016 echoed chants of “Lock her up” against Hillary Clinton. But the intensity of anger and open desire to use the criminal justice system against Democrats after last week’s verdict surpasses anything seen before. Many of the calls have come from people who are expected to play larger roles in a potential second term under Trump.

Persons: Donald Trump’s, Stephen Bannon, Stephen Miller, Ronny Jackson, “, ” President Biden, Laura Loomer, Hillary Clinton Organizations: White, ”, Trump Locations: New York, Texas

☆ The best-performing EV stock this year is a school bus manufacturer
▼ + stars: | 2024-06-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The bus manufacturer has seen a boom in its EV bus business thanks to a $5 billion government program. AdvertisementThe school bus manufacturer sold a record 210 electric school buses in the quarter and said it had an order backlog of about 500 electric buses, with bookings soaring 56% from the year-ago period. Helping fuel Blue Bird's EV school bus business is the US Environmental Protection Agency's Clean School Bus Program, which was established in the 2021 Bipartisan Infrastructure Law and provides $5 billion in funding to replace diesel school buses with electrified buses. AdvertisementAccording to research from Barclays, an electric school bus can sell for more than $300,000 compared to just $100,000 for traditional school buses. "EV school bus growth is in the early innings.

Persons: —, Blue Bird, Phil Horlock, Needham, Chris Pierce Organizations: Bird Corp, EV, Service, Blue Bird Corp, YCharts, School Bus Program, Law, Barclays, Bird

☆ Court Strikes Down S.E.C.’s Fee Disclosure Rule for Funds
▼ + stars: | 2024-06-05 | by ( Matthew Goldstein | More About Matthew Goldstein | ) www.nytimes.com time to read: +1 min

A federal appellate court on Wednesday struck down a Securities and Exchange Commission rule intended to provide investors in hedge funds, private equity funds and venture capital firms with more information about fees and expenses. The unanimous decision from the U.S. Court of Appeals for the Fifth Circuit in New Orleans sided with a group of associations representing the private fund industry in ruling that the S.E.C. exceeded its authority with the rule, which was enacted in August. In its decision, the appeals court agreed with their argument, saying that the regulator had overstepped with its rule, which was based on a law meant to protect everyday investors, who typically invest in mutual funds and other public securities, rather than investors in hedge fund and private equity firms. said in a statement that it was reviewing the decision and would “ determine next steps as appropriate.”

Organizations: Securities and Exchange Commission, U.S ., Appeals, Fifth Circuit Locations: New Orleans

☆ Modi thought he would smash the polls. Now he has to answer to a group of kingmakers.
▼ + stars: | 2024-06-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

It's why the election results have been a shocking blow to Modi and the BJP despite them winning. The result was especially humbling for Modi because the NDA was projected to slam-dunk the election with a whopping 400 seats. And with uncertainty hanging over the BJP's hold on power, questions are growing about what India's policies might soon look like. Rossow said that despite Modi extending his influence over key institutions such as the courts, voters are still making their choices count. "This election, even if Prime Minister Modi retains power, shows the power of India's democracy," said Rossow.

Persons: —, Narendra Modi, Modi, trounce, Richard Rossow, Jeff Lande, Lande, Kapil Sharma, isn't, Sharma, Gautam Nair, Rossow Organizations: Service, Bharatiya Janata Party, Business, BJP, National Democratic Alliance, Developmental Inclusive Alliance, Telugu Desam Party, Janata Dal, Bloomberg, India, Studies, Center for Strategic & International, Asia Center, Industry, China's, Atlantic, CSIS, Harvard Locations: India, India's, kingmakers, United States, China

☆ There are 8 warning signs of a stock market bubble and 6 of them have already flashed, UBS says
▼ + stars: | 2024-06-05 | by ( Matthew Fox | ) www.businessinsider.com time to read: +5 min

UBS strategists say six out of eight signs of a stock market bubble are already flashing. In a recent note from UBS, strategist Andrew Garthwaite outlined the eight warning signs of a stock market bubble — and according to Garthwaite, six of them are already flashing. These are the eight stock market bubble warning signs, according to Garthwaite. "We can see this if we look at the TMT period when the NIPA profits fell while stock market profits rose. Extended period of limited declines - Hasn't flashedPrevious stock market bubbles saw a multi-year period of limited sell-offs of less than 20%.

Persons: —, There's, Andrew Garthwaite, Garthwaite, we're, Bubbles Organizations: UBS, Service, Federal Reserve Locations: Garthwaite, Japan

☆ Yes, Narendra Modi won again. So what's all the fuss about?
▼ + stars: | 2024-06-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +6 min

It's why the election results have been a shocking blow to Modi and the BJP despite them winning. The result was especially humbling for Modi because the NDA was projected to slam-dunk the election with a whopping 400 seats. Should they all ditch Modi for his rivals in the Indian National Developmental Inclusive Alliance, they could oust him from leadership. Rossow said that despite Modi extending his influence over key institutions such as the courts, voters are still making their choices count. "This election, even if Prime Minister Modi retains power, shows the power of India's democracy," said Rossow.

☆ Both Democrats and Republicans Embrace Border Politics
▼ + stars: | 2024-06-04 | by ( Matthew Cullen | ) www.nytimes.com time to read: +1 min

Republicans in Arizona voted this afternoon to put a measure on the state’s ballots in November that would make illegal immigration a state crime. If passed, the measure would give local authorities the power to arrest, jail and deport unauthorized migrants. The proposal is similar to laws recently passed by Republicans in Texas and Iowa that challenged the federal government’s exclusive authority to enforce immigration laws. President Biden is also hardening his border policies in an effort to ease pressure on the immigration system and address voters’ rightward shift on immigration. Biden’s move to restrict long-established asylum protections for migrants echoes Donald Trump’s attempted crackdown in 2018, which many Democrats, including Biden himself, criticized.

Persons: Biden, Biden’s, Donald Trump’s Organizations: Republicans, American Civil Liberties Union Locations: Arizona, Texas, Iowa, U.S, Mexico

☆ Keith Gill scored a one-day gain of $79 million after disclosing his GameStop stake on Reddit
▼ + stars: | 2024-06-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +2 min

Keith Gill scored a $79 million one-day gain on his GameStop bet on Monday. The massive gains were initially sparked by Gill disclosing his bet on GameStop worth more than $100 million. Monday's trading action in GameStop minted Gill a $33.6 million one-day profit on his stock position, and a $54.3 million gain on his call option stake, bringing his one-day gain to a whopping $79 million. Including total cash of $29.3 million, Gill has a total account value of $289.3 million, and he is also now the fifth largest shareholder in GameStop. The Reddit post came a couple weeks after Gill's "Roaring Kitty" Twitter account posted a deluge of memes and sparked another rally in the meme-stock.

Persons: Keith Gill, Gill, —, That's, Gill isn't Organizations: GameStop, Service, Trade Locations: YOLO, Reddit

☆ JPMorgan's bearish quant guru says the meme-stock resurgence is a bad sign for markets
▼ + stars: | 2024-06-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +3 min

The resurgence in meme-stocks is a bad sign for the broader stock market. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementThe resurgence in meme stocks is a bad sign for the stock market, according to JPMorgan chief global markets strategist Marko Kolanovic. A peak in speculative trading activity could spell trouble for the broader stock market down the road. Though one barometer of speculative trading, FINRA margin debt, has yet to eclipse its February 2021 peak of $935 billion.

Persons: Marko Kolanovic, Kolanovic, — Organizations: JPMorgan, Service, Chicago PMI, GameStop, AMC Entertainment Locations: Chicago

☆ Novak Djokovic out of French Open with knee injury
▼ + stars: | 2024-06-04 | by ( Matthew Futterman | ) www.nytimes.com time to read: +4 min

World No 1 Novak Djokovic has withdrawn from the French Open with a knee injury sustained in his round of 16 win against Argentine 23rd seed Francisco Cerundolo. Although Djokovic was able to get through on painkillers and adrenaline, the extent of the problem is too great for him to continue. If Djokovic chooses to undergo surgery on the tear, he would likely miss not just Wimbledon, which begins on July 1, but also the Olympic Games and US Open later this summer. Djokovic said Monday night, after another of his miraculous comebacks, that he had been experiencing pain in his right knee for several weeks. As of Tuesday evening in Paris, there was no decision yet on whether Djokovic would undergo surgery to repair the meniscus.

Persons: Novak Djokovic, Francisco Cerundolo, Roland Garros, ”, Casper Ruud, Djokovic, Ruud, Alex de Minaur, Alexander Zverev, Matthew Futterman, hasn’t, He’s, He’d Organizations: Argentine, French Tennis Federation, Norwegian, Olympic Games, Athletic, Wimbledon Locations: Serbian, Paris

☆ Trump asks hush-money judge to lift his gag order, which would leave him free to seek vengeance against trial witnesses
▼ + stars: | 2024-06-04 | by ( Jacob Shamsian | Laura Italiano | ) www.businessinsider.com time to read: +6 min

Read previewDonald Trump's legal team has asked for the judge who presided over his criminal hush-money trial to lift his gag order, which would give him a free hand to criticize witnesses and jurors in the trial. Related storiesIn near-daily comments to journalists outside the Manhattan courtroom during the trial, Trump criticized the gag order. At a press conference in Trump Tower on Friday, Trump continued to complain about the "nasty gag order" he was under. During the trial, Trump violated the gag order on 10 different occasions, Merchan found. The public comments — and previously determined gag order violations — could lead Merchan to issue a harsher punishment.

Persons: —, Donald Trump's, Juan Merchan, Trump, Michael Cohen, Stormy Daniels, Trump's, Todd Blanche, Cohen, Daniels, Joe Biden, Trump —, Blanche, didn't, Merchan, jailing, Matthew Colangelo, Biden Organizations: Service, Business, New York, Trump, Manhattan, Attorney's Office, Associated Press, jailing Trump, Democratic, US Justice Department Locations: New, Manhattan, United States

☆ Higher interest rates have created 63 'problem banks' and $517 billion in unrealized losses, FDIC says
▼ + stars: | 2024-06-04 | by ( Matthew Fox | ) www.businessinsider.com time to read: +1 min

High interest rates continue to put pressure on the US banking system. The FDIC said the US banking system has 63 "problem banks" and is sitting on $517 billion in unrealized losses. AdvertisementMore than a year after the downfall of Silicon Valley Bank, higher interest rates are still putting pressure on the US banking system. According to the Federal Deposit Insurance Corporation's first quarter report, the US banking system is sitting on a collective $517 billion in unrealized losses and has 63 "problem banks." Those losses have been sparked primarily by a surge in interest rates over the past two years, which have driven down the price of fixed-income securities held by banks.

Persons: — Organizations: FDIC, Service, Valley Bank, Federal Deposit Insurance, Business

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