Credit Suisse shares surged Thursday after the Swiss central bank agreed to loan the bank up to 50 billion francs ($54 billion) to bolster confidence in the country’s second-biggest lender and blunt concerns about the international financial system following the collapse of two U.S. banks. Credit Suisse announced the agreement before...
Trump’s VP? Some in GOP Already Jockeying for Consideration
Trips to Mar-a-Lago. Glowing speeches. Front-row seats at major events. The first Republican presidential primaries are nearly a year away and the candidate field is unsettled. But already, a shadow contest of another sort is underway with several Republicans openly jockeying to position themselves as potential running mates to Donald Trump,...
Video Shows Russian Jet Dumping Fuel on US Reaper Drone
The Pentagon on Thursday released footage of what it said was a Russian aircraft pouring fuel on a U.S. Air Force surveillance drone and clipping the drone's propeller in international airspace over the Black Sea. The 42-second video shows a Russian Su-27 approaching the back of the MQ-9 drone and beginning to...
Russia Wants to Recover Debris of US Reaper Drone From Sea
Russia wants to recover the fragments of a U.S. surveillance drone that American forces brought down in the Black Sea after an encounter with a Russian fighter jet, a Russian security official said Wednesday. Nikolai Patrushev, the secretary of Russia’s Security Council, claimed in televised remarks that Tuesday's incident was “another...
Experts Say Attacks on Free Speech Are Rising Across the US
In Idaho, an art exhibit was censored and teens were told they couldn't testify in some legislative hearings. In Washington state, a lawmaker proposed a hotline so the government could track offensively biased statements, as well as hate crimes. In Florida, bloggers are fighting a bill that would force them to register...
Big Egg Price Drop Helped Slow Inflation Last Month
Wholesale price increases in the United States slowed sharply last month as food and energy costs declined, a sign that inflationary pressures may be easing. From January to February, the government’s producer price index fell 0.1%, after a 0.3% rise from December to January, which was revised sharply lower. Compared...
Swiss Bank Shares Sink as Key Investor Vows No More Help, Fanning New Fears
Battered shares of Credit Suisse lost more than one-quarter of their value Wednesday, hitting a record low after its biggest shareholder — the Saudi National Bank — told outlets that it would not inject more money into the ailing Swiss bank. The turmoil in the Credit Suisse stock price prompted...
Top Selling Honda Cars Being Recalled Over Seat Belt Danger
Honda is recalling a half-million vehicles in the U.S. and Canada because the front seat belts may not latch properly. The recall covers some of the the automaker's top-selling models including the 2017 through 2020 CR-V, the 2018 and 2019 Accord, the 2018 through 2020 Odyssey and the 2019 Insight....
China, Russia, Iran Hold Joint Naval Drills Near Persian Gulf
Naval forces from China, Iran and Russia — countries at odds with the United States — are staging joint drills in the Gulf of Oman this week, China’s Defense Ministry said Tuesday. Other countries are also taking part in the “Security Bond-2023” exercises, the ministry said without giving details. Iran,...
Biden Says Jimmy Carter Has Asked Him to Deliver His Eulogy
President Joe Biden says he plans to deliver the eulogy at the funeral of former President Jimmy Carter, who remains under hospice care at his home in south Georgia. Biden told donors at a California fundraiser Monday evening about his “recent” visit to see the 39th president, whom he has...