First Republic Bank was seized by regulators Monday, becoming the second-largest bank failure in American history. JPMorgan acquired the bank’s assets and now holds more than 10% of all US deposits.

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If Manhattan DA Alvin Bragg’s flimsy legal case against former President Donald Trump is intended to hamstring his 2024 campaign, it appears to be backfiring.Continue Reading

President Biden this week condemned political violence as a threat to democracy, but strangely enough, he failed to mention threats to Republican politicians or $2 billion property damage from “fiery but mostly peaceful protests” by liberals.

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The Federal Reserve Bank plans to launch a new settlement system called FedNow by next summer. While it’s not blockchain-based, like cryptocurrency, it would route credit and debit card transactions through the Fed—meaning instant government records of card purchases.Continue Reading

Analysts are increasing convinced that the US has entered a recession, and the odds of a so-called “soft landing” are growing dim.Continue Reading

The Pentagon said last week it provided the intelligence used by Ukraine to kill 12 Russian generals and Russia’s Black Sea flagship, the Moskva. This raises the question of where, exactly, is Putin’s “red line” regarding American involvement in that war?

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