All NYPD officers, including plainclothes detectives, have been ordered to wear their full uniform beginning at 7am ahead of a possible indictment of former President Donald Trump

All NYPD officers, including plainclothes detectives, have been ordered to wear their full uniform tomorrow beginning at 7am ahead of a possible indictment of former President Donald Trump. On Monday, the police department was on heightened alert to plan for the possibility of demonstrations. NYPD officials unloaded barricades on Monday

Yellen: US financial system is safest and most liquid in the world

Yellen has said that the US financial system is safest and most liquid in the world. Last week, Yellen said deposits in US. Banks will be guaranteed only if a systemic risk determination is issued. Yellen said: “A bank only gets that treatment if a majority of the FDIC board,

Russia and China say there can be no winners in nuclear war, should never be unleashed

Russia and China say there can be no winners in nuclear war, should never be unleashed. "There can be no winners in a nuclear war, and it must never be unleashed," said the declaration. Previously, Putin said: "We proceed from the fact that there can be no

Loans to Silicon Valley Banks' officers, directors and principal shareholders, as well as other insiders, more than tripled to $219 million in the final months of SVB

Loans to Silicon Valley Banks' officers, directors and principal shareholders, as well as other insiders, more than tripled to $219 million in the final months of SVB, per Bloomberg. SVB said: “Our loan portfolio has a credit profile different from that of most other banking companies,” the company said

warren buffett

Warren Buffett's Berkshire Hathaway spent $68 billion in 2022, slashing its share repurchases to $8 billion

Per Business Insider An annual report for Warren Buffett's Berkshire Hathaway revealed that it spent $68 billion in 2022, slashing its share repurchases to $8 billion. During this period, it only sold a net $34 billion worth of stocks. In 2022, two of Buffett's largest bets

credit suisse

Credit Suisse's emergency rescue could cost all of Switzerland's citizens $13,500 each

Per Bloomberg The UBS Group AG is poised to take over Credit Suisse Group AG, and the Swiss government has promised 109 billion francs, around $118 billion USD, to backstop the emergency sale. This would cost every Swiss citizen 12,500 Swiss francs, or $13,500 USD. Switzerland is a

vanguard

Vanguard to exit China by severing its joint venture with Ant Group: Shanghai offices to shut down

Per CNBC Vanguard will exit China's $3.92 trillion funds market by severing its joint venture with Ant Group. Familiar sources said that the group would close its main office in Shanghai. The decision will come after having six years of presence in China, considered the world'

credit suisse

Credit Suisse bankers flood recruiters with job inquiries ahead of UBS Group AG takeover

Per Bloomberg Credit Suisse bankers are now flooding recruiters with job inquiries ahead of the bank takeover. This comes as UBS Group AG is set to acquire the Swiss lender. According to sources from over a dozen firms, headhunters and other rival lender companies have experienced an influx of calls

signature bank

Signature Bank held a fundraiser for Committee overseeing a probe ten days before the collapse

Per Bloomberg Signature Bank recently collapsed, but just ten days before that, it reportedly held a fundraiser for the House Republican, which was now overseeing its probe. During the event, the mood was reportedly calm, and there were no discussions of the debt ceiling or tensions of any kind. An

Former Tesla, $TSLA, Motors Australia director has been sentenced to two years and six months for insider trading

Former Tesla, $TSLA, Motors Australia director Kurt Schlosser has been sentenced to two years and six months for insider trading. He realised a profit of $28,883.53 in the trade. ASIC said Kurt Schlosser purchased 86,478 shares in U.S.-based Piedmont in two transactions after being informed

Biden vetoes anti-ESG investing regulations bill

Biden vetoes anti-ESG investing regulations bill. “The Department of Labor’s final rule protects the hard‑earned life savings and pensions of tens of millions of workers and retirees across the country” Biden said. “There is extensive evidence showing that environmental, social, and governance factors can have a material impact

The Pentagon has announced another $350 million in military aid for Ukraine

The Pentagon has announced another $350 million in military aid for Ukraine. The Kremlin previously released warnings about the West getting involved with the conflict in Ukraine. Notably, the Pentagon is planning to invite Ukraine troops to US soil for missile training. Previously, Russia's Putin said that the

Elon Musk has said: Fed needs to drop the rate by at least 50bps on Wednesday

Elon Musk has said: Fed needs to drop the rate by at least 50bps on Wednesday. Recently, Elon Musk has expressed his worries about how the Federal Reserve could potentially affect the entire stock market's value. He says that the Fed needs to tread carefully, especially when it

Elizabeth Warren is considering attempting to lift the FDIC limit from $250,000 to a "right number," possibly millions

Elizabeth Warren is considering attempting to lift the FDIC limit from $250,000 to a "right number," possibly millions, per Bloomberg. Just after, Bloomberg reported: US officials are studying ways to let the FDIC temporarily insure deposits beyond the current $250,000 cap on most accounts, without having

US lawmakers accepted more than $6.6 million worth of free airline tickets, hotel rooms and meals paid for by special interest groups in 2022

US lawmakers accepted more than $6.6 million worth of free airline tickets, hotel rooms and meals paid for by special interest groups in 2022,, per Bloomberg. The total of 1,785 trips that were paid for by outside organizations last year was up from 829 trips in 2021, and

Fed discount window borrowing reaches an all time high, higher than 2008

Fed discount window borrowing reaches an all time high, higher than 2008. Data published by the Fed showed US$152.85 billion in borrowing from the discount window — the traditional liquidity backstop for banks — in the week ended March 15, a record high, up from US$4.58 billion the

US officials are studying ways to let the FDIC temporarily insure deposits beyond the current $250,000 cap on most accounts, without having to get approval from Congress

US officials are studying ways to let the FDIC temporarily insure deposits beyond the current $250,000 cap on most accounts, without having to get approval from Congress, per Bloomberg. “We will use the tools we have to support community banks,” White House spokesman Michael Kikukawa said, without directly addressing

The Federal Home Loan Bank System issued $304 billion in debt last week, double the $165 billion that lenders tapped from the Fed

The Federal Home Loan Bank System issued $304 billion in debt last week. That’s almost double the $165 billion that lenders tapped from the Fed, per Bloomberg. “As members seek a stable source of funding in an unsettled market, the purpose of the FHLBanks has been on full display,

Chinese President: China is prepared to defend world order alongside Russia in accordance with international law

Chinese President said: China is prepared to defend world order alongside Russia in accordance with international law. “I am very glad, at the invitation of President Vladimir Vladimirovich Putin, to come back to the land of our close neighbour on a state visit,” Xi said upon arrival, according to Russia’

Biden signs bill to declassify COVID origins intelligence

Biden signs bill to declassify COVID origins intelligence. "In implementing this legislation, my administration will declassify and share as much of that information as possible, consistent with my constitutional authority to protect against the disclosure of information that would harm national security," Biden said in a statement. "

JPMorgan, $JPM, bought stone instead of nickel

The London Metal Exchange has discovered bags of stones instead of the nickel that underpinned a small handful of its contracts at a warehouse in Rotterdam, per Bloomberg. JPMorgan, $JPM, was found to have been the buyer, buying them when they were already in the LME. The amount of metal

META

Mark Zuckerberg's metaverse mentions are dropping as the company focuses more on how AI can improve its ads business

Per Business Insider Once upon a time, the metaverse was one of the only things Mark Zuckerberg could talk about, but now, the Meta CEO barely even mentions it. Even after renaming the company after the metaverse, in a recent note, "AI" was mentioned twice as many times

amazon

Amazon to add to its 18,000 job cut, which ended in January, by letting go of another 9,000 employees

Per CNBC While Amazon has already let go of 18,000 positions, which carried out from November to January, the company plans to let go of another 9,000 individuals. The layoffs were recently announced in a memo coming from CEO Andy Jassy. Jassy pointed out that one reason for

san francisco

San Francisco is considering to offer $1 homes and $97,000 a year to black residents

Per Business Insider San Francisco policymakers are considering tackling a sensitive topic regarding amends for its historical slavery legacy. Reparations could include offering Black residents $1 homes or $97,000 annually for 250 years. It was specifically noted that these reparations would be available as long as the residents qualified.

bernie sanders

Bernie Sanders comments on SVB collapse, shedding light on the CEO being the director of the San Francisco Fed

Per Bloomberg Bernie Sanders has spoken up about the recent Silicon Valley Bank collapse, providing a statement saying the most absurd thing about it was the link between the CEO and the San Francisco Fed. The senator then said he would be introducing a bill to counter this. Sanders revealed