06:12:06
ABC News: Virginia Beach officials declared a local state of emergency after an EF3 tornado with winds of up to 145 mph "affected communities north of the city."
06:08:48
RBNZ: Overall, household balance sheets remain resilient and most households with mortgages still have substantial equity reserves.
06:05:30
RBNZ: Households and businesses are under financial pressure.
06:04:45
Federal Reserve Bank of New Zealand: Debt service costs have risen significantly.
05:58:13
According to Nikkei News: Japanese Prime Minister Fumio Kishida will visit South Korea and hold a summit on May 7-8.
05:53:56
One soldier was killed and seven wounded in an Israeli attack on Aleppo, Syria, Syrian state media reported.
05:45:07
Market news: Morgan Stanley plans to cut 3,000 jobs amid weak trading.
05:39:30
White House: US President Joe Biden called US House Speaker McCarthy to invite him to a May 9 meeting with other congressional leaders at the White House.
05:37:35
McHenry, chairman of the US House of Representatives Financial Services Committee: worried that the FDIC is too hasty to think that a public sector solution (referring to the takeover of First Republic Bank) is the only viable option.
05:34:08
U.S. Senate Majority Leader Schumer, U.S. House of Representatives Democratic Leader Jeffries: A clean debt ceiling bill must be passed.
05:24:05
According to the Wall Street Journal: US President Biden has invited the four leaders of the US Congress to hold a meeting at the White House on May 9.
05:21:53
Warner, a Democrat: A possible June 1 debt-ceiling "X-Day" adds urgency to passing a "clean bill" to avoid a catastrophic default.
05:19:37
First Republic Bank will be removed from the S&P 500 index.
05:18:41
US Republican Senator BILL HAGERTY: The FDIC dealt with the failure of First Republic Bank better than the failure of Silicon Valley Bank.
05:16:25
According to Punchbowl: US House Speaker McCarthy called Biden to talk about the debt ceiling and asked for a meeting.
05:12:14
IBM CEO: Expect HR hiring to slow and be replaced by AI.
05:10:25
Pershing Square posted a net gain of 0.6 percent in April.
04:55:05
Market news: The jury in the patent dispute case between Apple and pulse oximeter company Masimo told the judge that they could not reach a decision.
04:53:01
Syrian state media reported that Syrian air defenses repelled an Israeli attack over Aleppo.
04:50:57
According to a joint statement: U.S. President Joe Biden will send a presidential trade and investment delegation to the Philippines.
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