Fed Raises Rates , by a Quarter Point.
The Federal Reserve issued its
tenth rate hike since last March on May 3.
The decision to hike interest rates by
a quarter of a point was unanimous. .
The benchmark federal funds
rate is now at 5%-5.25%.
That's the highest it's been
in over 15 years, CNN reports.
The move follows the collapse of
Silicon Valley Bank, Silvergate and Signature Bank.
The move follows the collapse of
Silicon Valley Bank, Silvergate and Signature Bank.
Fed Chair Jerome Powell said the central bank will "approach the question" of a pause in
rate hikes "at the June meeting.".
The Federal Reserve also said that current strict lending standards may slow the economy, helping to ease inflation.
Tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring and inflation, Federal Reserve, via statement.
The extent of those effects remains uncertain, Federal Reserve, via statement
Credit: Wibbitz Top Stories Duration: 01:30Published
JPMorgan Chase , See Profits Skyrocket , Despite Banking Crisis.
ABC News reports that JPMorgan Chase posted a 52%
leap in first-quarter profits following the failure of
Silicon Valley Bank and Signature Bank last month.
ABC News reports that JPMorgan Chase posted a 52%
leap in first-quarter profits following the failure of
Silicon Valley Bank and Signature Bank last month.
JPMorgan posted a profit of $12.62 billion,
compared to a profit of just $8.28 billion
at the same time last year.
Following the collapse of the smaller banks,
JPMorgan saw deposits noticeably grow as businesses
and customers flocked to the financial institution.
Higher interest rates also
allowed the banking titan to
charge customers more for loans.
ABC reports that the bank's net interest
income was $20.8 billion, a 49% increase
from the same time last year.
Both Citigroup and Wells Fargo
also showed solid results on April 14.
Both Citigroup and Wells Fargo
also showed solid results on April 14.
ABC reports that the news suggests that the nation's
biggest, most complex financial institutions may be
spared from potential trouble in the banking sector.
These were the most watched bank
earnings announcements in over
a decade, with market participants
scouring the results looking for signs
of cracks in the U.S. banking sector. , Octavio Marenzi, CEO of consulting firm Opimas LLC, via ABC.
These were the most watched bank
earnings announcements in over
a decade, with market participants
scouring the results looking for signs
of cracks in the U.S. banking sector. , Octavio Marenzi, CEO of consulting firm Opimas LLC, via ABC.
Those analysts looking for
signs of the banking crisis were
greatly relieved to not find any, Octavio Marenzi, CEO of consulting firm Opimas LLC, via ABC.
Also exceeding analysts' expectations,
on a per-share basis, the bank earned
$4.10 a share, up from last year's $2.63.
Credit: Wibbitz Top Stories Duration: 01:31Published
JPMorgan Chase Takes Over First Republic Bank.
NBC reports that federal regulators
have taken over First Republic Bank,
which will be sold to JPMorgan. .
NBC reports that federal regulators
have taken over First Republic Bank,
which will be sold to JPMorgan. .
This event marks the third major bank in less than two months to go under.
It is also the largest bank to collapse
since the 2008 financial crisis. .
The Federal Deposit Insurance Corp. made the announcement on Monday morning. .
First Republic had $229.1 billion in total assets at the time of its closure. .
The banking system remains sound and resilient, and Americans should feel confident in the safety of their deposits and the ability of the banking system .., Treasury Department spokesperson, via NBC.
... to fulfill its essential function of providing credit to businesses and families, Treasury Department spokesperson, via NBC.
In the first quarter of this year, First Republic reported a lose of around 40% of it deposits. .
After the fall of Silicon Balley Bank and Signuature bank earlier this year, depositors moved their money to banks they deemed safer. .
After the fall of Silicon Balley Bank and Signuature bank earlier this year, depositors moved their money to banks they deemed safer.
Credit: Wibbitz Top Stories Duration: 01:31Published
New Study Sheds Light , on Health Risks Associated With , Ultra-Processed Foods.
NPR reports that ultra-processed foods dominate
the food supply, making up almost 60% of what a
majority of adults eat and almost 70% of kids' diets. .
Ultra-processed foods are made from manufactured
ingredients that have been processed
to create shelf-stable and convenient meals.
Ultra-processed foods are made from manufactured
ingredients that have been processed
to create shelf-stable and convenient meals.
NPR reports that consumption of ultra-processed foods
has been connected with a range of health concerns that
include obesity, hypertension, cancer and premature death.
Four of the top six killers are related
to an inadequate diet, which in the U.S.
is probably largely due to convenient, safe,
inexpensive food that we eat too much of, Christopher Gardner, Director of nutrition
studies at Stanford University, via NPR.
Four of the top six killers are related
to an inadequate diet, which in the U.S.
is probably largely due to convenient, safe,
inexpensive food that we eat too much of, Christopher Gardner, Director of nutrition
studies at Stanford University, via NPR.
Too much of it leads to
obesity and type two diabetes
and heart disease and cancer, Christopher Gardner, Director of nutrition
studies at Stanford University, via NPR.
Kevin Hall, a senior investigator at the National Institutes of Health,
designed the first randomized controlled trial comparing
an ultra-processed diet to one based on less processed foods.
Kevin Hall, a senior investigator at the National Institutes of Health,
designed the first randomized controlled trial comparing
an ultra-processed diet to one based on less processed foods.
What we saw was that when they were on
the ultra-processed diet, they were eating
about 500 calories per day more than when
they were on the unprocessed diet and they
were gaining weight and gaining body fat, Kevin Hall, Senior investigator at the National
Institutes of Health, via NPR.
What we saw was that when they were on
the ultra-processed diet, they were eating
about 500 calories per day more than when
they were on the unprocessed diet and they
were gaining weight and gaining body fat, Kevin Hall, Senior investigator at the National
Institutes of Health, via NPR.
NPR reports that the study suggests that
the highly processed nature of these foods drive people to overeat and gain weight.
NPR reports that the study suggests that
the highly processed nature of these foods drive people to overeat and gain weight.
If we can figure out what it is about
ultra-processed foods that drives people
to overeat and gain excess weight, then we
can at least then target which ones to avoid, Kevin Hall, Senior investigator at the National
Institutes of Health, via NPR
Credit: Wibbitz Top Stories Duration: 01:31Published
Learning How To
Lose Gracefully , Could Change Your Life.
None of us want to lose, .
and failure can be painful.
NPR reports you can transform your life by getting better at losing. Here's how:.
Get Disappointed.
As adults, we're expected to be able to deal with adverse situations in socially acceptable ways.
But we still feel angry, and we still feel sad.
Experts say a common trait among
sore losers is an unwillingness to
"take ownership of their own fallibility.".
To avoid being a sore loser, practice the core components of self-compassion, mindfulness, human commonality and self-kindness.
Perspective.
After a loss, it's difficult to separate
your bruised ego from reality.
Experts say before you start
criticizing yourself, pause and consider this:
When was the last time you
noticed someone else's mistake?.
I like to remind my clients,
and sometimes myself,
that probably about 90 percent
of everything everybody does is about them and not about us. , Dr. Adia Gooden, licensed clinical psychologist, via NPR.
People are not talking
for days and being like,
Oh my gosh, can you believe they had a typo on slide three? , Dr. Adia Gooden, licensed clinical psychologist, via NPR.
We All Lose,
That's Okay.
Remember losing is often unavoidable.
Approach the situation
with honesty and humility.
Experts say losing is "an experience
that is as universal as it gets." .
Don't let an "L" hold you back from greatness.
The great losers are the people who are able to recognize that a loss is
just one step in a process. , Sam Weinman, author and sports journalist, via NPR
Credit: Wibbitz Top Stories Duration: 01:31Published
How to Be , More Timely.
Have you been rolling out
of bed with minutes to spare?.
Maybe you've been wondering to yourself: "where does all the time go?".
Strive to be on time with these helpful tips:.
Timeliness as
a Sign of Respect.
Being timely can project respect for ourselves and others.
I think it's very important to be on time. , Rashelle Isip, professional organizer-productivity consultant, via NPR.
You can always let time pass, but you can't
get it back once it's already gone. , Rashelle Isip, professional organizer-productivity consultant, via NPR.
Plan Ahead.
For the chronically late, experts say it helps to have a plan.
There's a lot of steps
that I think people just don't consider. , Rashelle Isip, professional organizer-productivity consultant, via NPR.
There's a lot of steps
that I think people just don't consider. , Rashelle Isip, professional organizer-productivity consultant, via NPR.
Help yourself by picking out tomorrow's outfit today. Pack your bag, and confirm appropriate directions before you depart.
Be Honest With Yourself and Others.
Everybody is late for something now and then. True character is how you respond to it.
If you know you're going to be late to something, the very best thing you can do is communicate right away, Rashelle Isip, professional organizer-productivity consultant, via NPR.
If you know you're going to be late to something, the very best thing you can do is communicate right away, Rashelle Isip, professional organizer-productivity consultant, via NPR.
It's not thinking about it and then calling or texting
30 minutes later.
It means right at that moment. , Rashelle Isip, professional organizer-productivity consultant, via NPR.
It's not thinking about it and then calling or texting
30 minutes later.
It means right at that moment. , Rashelle Isip, professional organizer-productivity consultant, via NPR
Credit: Wibbitz Top Stories Duration: 01:30Published
Daniel Penny Maintains , NYC Subway Death of Jordan Neely , Not Race Related.
NPR reports that U.S. Marine Daniel Penny insisted in
his first interview since fatally choking Jordan Neely
that the confrontation "had nothing to do with race.".
Everybody who's ever met me can tell
you, I love all people, I love all cultures. , Daniel Penny, Former U.S. Marine, via NBC.
I was actually planning a road trip
through Africa before this happened, Daniel Penny, Former U.S. Marine, via NBC.
The 24-year-old Penny faces a felony charge of
second-degree manslaughter for the death of
Neely, a 30-year-old man who was homeless. .
The 24-year-old Penny faces a felony charge of
second-degree manslaughter for the death of
Neely, a 30-year-old man who was homeless. .
The May 1 altercation saw Penny, who is white,
place Neely, who was Black, in a chokehold for several
minutes, which resulted in the death of Neely.
NPR reports Penny called Neely's death
a tragedy and said that the real blame
should be placed on 'the system.'.
It's tragic what happened to him.
Hopefully, we can change the system
that's so desperately failed us, Daniel Penny, Former U.S. Marine, via NBC.
Penny's arrest came over a week
after the incident following protests
calling for charges against him.
Activists have compared Neely's death
to the deaths of Eric Garner and George Floyd,
who were both killed by white police officers. .
Penny has maintained that race
had nothing to do with his actions,
which resulted in Neely's death. .
I judge a person based on
their character. I'm not
a white supremacist, Daniel Penny, Former U.S. Marine, via NBC
Credit: Wibbitz Top Stories Duration: 01:31Published
Taco Bell Files Petition , to End ‘Taco Tuesday’ Trademark.
Smaller restaurant chain Taco John's trademarked "Taco Tuesday" in 1989, NPR reports. .
On May 16, Taco Bell petitioned the U.S. Patent and Trademark Office to reverse the trademark so that it can use the phrase without legal ramifications.
The Registration potentially
subjects Taco Bell and anyone else who wants to share tacos with the world to the possibility of legal action or angry letters if they say 'Taco Tuesday' without express permission from Registrant – simply for pursuing happiness on a Tuesday, Taco Bell, via petition.
This violates an American ideal: 'the pursuit of happiness.', Taco Bell, via petition.
Nobody should have exclusive
rights in a common phrase. Can you imagine if we weren't allowed to say 'what's up' or 'brunch?' Chaos, Taco Bell, via petition.
Jim Creel, Taco John's CEO, issued a statement.
I'd like to thank our worthy
competitors at Taco Bell for reminding everyone that Taco Tuesday is best celebrated at Taco John's, Jim Creel, Taco John's CEO, via statement.
When it comes right
down to it, we're lovers, not fighters, at Taco John's. , Jim Creel, Taco John's CEO, via statement.
But when a big, bad bully
threatens to take away the mark our forefathers originated so many decades ago, well, that just rings hollow to us. If 'living más' means filling the pockets of Taco Bell's army of lawyers, we're not interested, Jim Creel, Taco John's CEO, via statement.
NPR reports that Taco John's "has about 400 locations
in 23 states," while Taco Bell has over 7,200 U.S.
locations and "1,000 restaurants across 30 countries."
Credit: Wibbitz Top Stories Duration: 01:31Published
The Federal Deposit Insurance Corp. agreed that the North Carolina-based First-Citizens Bank & Trust Co. can acquire the troubled Silicon Valley Bank, and 17 branches of the California-based..
Recent;y the Silicon Valley Bank which houses much of the money of silicon valley’s tech millionaires and billionaires collapsed. With its closure it became the second largest bank collapse in..
Credit Suisse Receives, $54 Billion Lifeline Loan.
On March 16, Credit Suisse announced
that it will take out a $54 billion
loan from Switzerland's central bank.
NBC reports that the move comes..
Credit: Wibbitz Top Stories Duration: 01:30Published
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