As Silicon Valley Bank’s rapid expansion and high-risk investments in the bond market led to its collapse, federal and state regulators failed to intervene. Most of the bank’s deposits were uninsured by the federal government, leaving customers vulnerable in the face of…
The Mexican Defense Department reported that soldiers discovered more than 1.83 million fentanyl pills in a Tijuana stash house on Tuesday. This revelation came a day before Mexico’s president denied the production of a synthetic opioid within the country. According to a…
After the U.S. attributed a drone crash in the Black Sea to a collision with a Russian fighter jet, Moscow announced its intention to recover the wreckage. On television, Nikolai Patrushev, Russian Security Council secretary, stated that Russia would try to retrieve…
With the government on the brink of default due to political deadlock, President Joe Biden unveiled a budget proposal on Thursday to reduce deficits by $2.9 trillion over the next ten years. However, Republicans are already planning to reject it. This move…
Tyson Foods Inc (TSN.N) announced on Tuesday that it would close two US chicken plants, impacting nearly 1,700 workers, on May 12. This decision highlights the ongoing struggles the largest US meat company faces in sales as it tries to enhance its…
Bank runs, reminiscent of the scene from “It’s a Wonderful Life,” used to involve frantic customers crowding together, demanding their money from an overwhelmed George Bailey. However, the recent collapse of Silicon Valley Bank bears little resemblance to that image, as it…
On Tuesday, the Mexican Defense Department confirmed that soldiers shot at a pickup truck in the violence-plagued border city of Nuevo Laredo, resulting in the death of five men and injury to another. This incident triggered a clash on Sunday between the…
After years of opposition to expanding Medicaid benefits for new mothers, conservative, anti-abortion Republican officials in over half a dozen states are now advocating for such coverage. Since the Supreme Court overturned the constitutional right to abortion last June, GOP support for…
During a meeting with the speaker of the Swedish parliament on Tuesday, the Hungarian parliamentary delegation expressed support for Sweden’s NATO bid. The council aimed to resolve what Hungary’s governing party called “political disputes.” Hungarian lawmakers raised questions about supporting NATO membership…
The Senate voted on Wednesday to block new crime laws in the District of Columbia and overrule the city government. This came after lawmakers from both parties expressed concern about the rising violent crime rates in cities nationwide. President Joe Biden, who…