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By STAN CHOE AP Business Writer NEW YORK (AP) — Stocks rallied Thursday after a group of big banks offered a lifeline to the bank that investors had zeroed in on in their hunt for the industry’s next victim. The S&P 500 jumped 1.8% for its best day in nearly two months after 11 of
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By KEN SWEET AP Business Writer NEW YORK (AP) — Eleven of the biggest banks in the country announced a $30 billion rescue package for First Republic Bank on Thursday, in an effort to prevent the California-based bank from becoming the third bank to fail in less than a week. First Republic serves a similar
Continue ReadingBy Katelyn Polantz, Paula Reid, Kristen Holmes and Casey Gannon, CNN At least two dozen people — from Mar-a-Lago resort staff to members of Donald Trump‘s inner circle at the Florida estate — have been subpoenaed to testify to a federal grand jury that’s investigating the former president’s handling of classified documents, multiple sources familiar
Continue ReadingBy Christina Zdanowicz, CNN Effie Schnacky was wheezy and lethargic instead of being her normal, rambunctious self one February afternoon. When her parents checked her blood oxygen level, it was hovering around 80% — dangerously low for the 7-year-old. Her mother, Jaimie, rushed Effie, who has asthma, to a local emergency room in Hudson, Wisconsin.
Continue ReadingBy Julia Jones, CNN Five Starlink internet devices were found in illegal mining sites in the Amazon during raids by Brazil’s environmental police on Tuesday, the environmental agency said. Starlink are small, easy-to-use satellite dishes made by Elon Musk’s private rocket company SpaceX. Starlink says its equipment can provide “high-speed, low-latency broadband internet in remote
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A 26-year-old woman who attempted to abduct two children from an elementary school in Desert Hot Springs has been sentenced to eight years and eight months in state prison after pleading guilty to felony charges. Yessica Chavez Mercado was charged with one felony count each of kidnapping and attempted kidnapping, along with one misdemeanor
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By Ashley Strickland, CNN The remains of a glacier have been found near the Martian equator, suggesting that some form of water could still exist in a region on the red planet where humans may one day land. The ice mass is no longer there, but scientists spotted telltale remains among other mineral deposits near
Continue ReadingBy Tim Callery, Marissa Tansino, Ray Brewer Click here for updates on this story MANCHESTER, New Hampshire (WMUR) — After a powerful nor’easter dropped as much as 3 feet of snow in parts of New Hampshire, utility crews are working to restore power to tens of thousands of customers. As of 7:45 a.m. Thursday, more
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By The Associated Press Federal investigators say an air traffic controller cleared a plane to take off from Sarasota, Florida, while an American Airlines jet was making its final approach to the same runway last month, leading the American pilots to abandon their landing. The National Transportation Safety Board said Thursday that the American and
Continue Reading By The Associated Press Federal investigators say an air traffic controller cleared a plane to take off from Sarasota, Florida, while an American Airlines jet was making its final approach to the same runway last month, leading the American pilots to abandon their landing. The National Transportation Safety Board said Thursday that the American and
Continue Reading By JOSH DUBOW AP Sports Writer SACRAMENTO, Calif. (AP) — Missouri used a second-half scoring spurt from Kobe Brown to win its first NCAA Tournament game in 13 years, beating Utah State 76-65 on Thursday. Brown hit three 3-pointers in a span of just over three minutes to fuel a 13-2 run that turned a
Continue Reading By JOSEF FEDERMAN and AMI BENTOV Associated Press TEL AVIV, Israel (AP) — Israel’s former prime minister is urging world leaders to shun Israel’s current prime minister, Benjamin Netanyahu, as he presses ahead with a plan to overhaul Israel’s justice system. The appeal from Ehud Olmert on Thursday came as two of Israel’s closest allies,
Continue Reading By LEA SKENE Associated Press BALTIMORE (AP) — Two veteran Baltimore police officers are facing criminal indictments stemming from separate and unrelated allegations, city officials announced Thursday. One officer, Walter Wilson, is accused of sexually harassing his female colleague and the other, Larry Worsley, allegedly got drunk and belligerent at a Baltimore bar, assaulted two
Continue Reading CINCINNATI (AP) — Authorities say Cincinnati Bengals running back Joe Mixon was armed with a legal weapon but did not fire the gun or do anything illegal when a teenage boy was shot near the player’s home in Cincinnati earlier this month. They released the information on Thursday while announcing that Mixon’s sister and her
Continue Reading WILLIAMSBURG, Ky. (AP) — A Kentucky university says it has agreed to a settlement of more than $14 million over the death of a student wrestler during practice. The University of the Cumberlands said in a statement that the settlement on Wednesday over the death of 20-year-old Grant Brace of Louisville, Tennessee, includes an agreement
Continue Reading By PAUL WISEMAN and KEN SWEET AP Business Writers WASHINGTON (AP) — The warning signs were all there. Silicon Valley Bank was expanding at a breakneck pace and pursuing wildly risky investments in the bond market. The vast majority of its deposits were uninsured by the federal government, leaving its customers exposed to a crisis.
Continue Reading By PAUL WISEMAN and KEN SWEET AP Business Writers WASHINGTON (AP) — The warning signs were all there. Silicon Valley Bank was expanding at a breakneck pace and pursuing wildly risky investments in the bond market. The vast majority of its deposits were uninsured by the federal government, leaving its customers exposed to a crisis.
Continue Reading By PAUL WISEMAN and KEN SWEET AP Business Writers WASHINGTON (AP) — The warning signs were all there. Silicon Valley Bank was expanding at a breakneck pace and pursuing wildly risky investments in the bond market. The vast majority of its deposits were uninsured by the federal government, leaving its customers exposed to a crisis.
Continue Reading BELGRADE, Serbia (AP) — Serbian President Aleksandar Vucic has said he won’t “sign anything” during European Union-mediated talks with the Kosovo leader this weekend. They’re intended as another attempt to defuse decades of tensions between the two Balkan wartime foes. International officials are hoping for progress on Saturday when Vucic meets Kosovo’s prime minister in
Continue ReadingBy WMTW Staff Click here for updates on this story NEWPORT, Maine (WMTW) — A fire at a home in Maine where a man was found dead has been ruled accidental. Multiple fire crews were called to the home on Mullen Road last week. The homeowner, who is also the mother of the victim, survived.
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