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Dow falls 500 points as Credit Suisse concerns deepen fears of banking crisis The stock market opened with steep losses Wednesday as concerns about the health of Credit Suisse triggered fears of a broader banking crisis. The Dow Jones Industrial Average opened with a loss 1.5 percent Wednesday, a decline of almost 500 points after…
Rubio pushes back on DeSantis remarks: Russia-Ukraine war ‘not a territorial dispute’ Sen. Marco Rubio (R-Fla.) said on Tuesday that the ongoing Russia-Ukraine war is not a “territorial dispute,” pushing back against remarks made by his home-state Gov. Ron DeSantis (R) on the matter. In a questionnaire sent out by Fox News personality Tucker Carlson…
Moody’s weighs downgrade for six US banks following SVB collapse Moody’s Investors Service is weighing a credit downgrade for six U.S. banks following the second- and third-largest bank failures in the nation’s history. The credit rating firm said Monday that the regional banks are “exposed to the risk of uninsured deposit outflows” in the wake…
House Oversight GOP gets access to financial activity reports tied to Biden family businesses House Oversight and Accountability Committee Chair James Comer (R-Ky.) on Tuesday announced the Treasury Department granted the panel access to long-sought financial transaction reports related to companies associated with the Biden family or their associates, following delays and pushback. The reports,…
Trump attorney says ‘he won’t be participating’ in Manhattan DA’s probe Former President Trump is officially declining to offer testimony in Manhattan District Attorney Alvin Bragg’s probe into the hush-money payment to adult performer Stormy Daniels made before the 2016 election. “He won’t be participating in that proceeding — a proceeding that we and most…
Trump goes after DeSantis in first Iowa speech of 2024 campaign Former President Donald Trump lashed out at Florida Gov. Ron DeSantis on Monday, using his 2024 debut speech in Iowa to rehash his longtime 2020 campaign claims and attack his would-be political rival days after the Florida Republican made an appearance in the Hawkeye…
GOP Oversight chairman subpoenas Hunter Biden associates’ bank records House Oversight and Reform Committee Chairman James Comer (R-Ky.) has issued a subpoena for the bank records belonging to associates of Hunter Biden. The news was first disclosed in a letter that Rep. Jamie Raskin (D-Md.), the ranking member of the Oversight committee, sent to Comer…
McConnell discharged from hospital, won’t return to Senate immediately Senate Republican Leader Mitch McConnell (Ky.) was discharged from the hospital Monday after suffering a concussion last week when he tripped and fell at a private dinner at the Waldorf Astoria in downtown Washington. McConnell, who is 81, is not expected to return to the…
Trump heads to Iowa under shadow of possible NY indictment Former President Donald Trump is set to return to Iowa Monday evening, signaling a determination to trudge forward with his 2024 White House campaign in the face of a possible criminal indictment. Trump will deliver an address on education policy in Davenport just days after…
Biden stresses that Silicon Valley Bank is not getting a bailout President Biden on Monday stressed that Silicon Valley Bank (SVB) will not get a government bailout after regulators seized the assets of the failed bank. “No losses will be — and this is an important for point — no losses will be borne by…