Deposit outflows at America’s banks accelerated last week, driven by the larger and smaller commercial financial institutions, according to new data from the Federal Reserve. For the week ending May 10, total U.S. commercial bank deposits declined by $26.4 billion, or 0.15 percent, to roughly $17.123 trillion, the lowest level since July 2021. This represented…
Bud Light Distributor Sends Out Public Plea to Bring Back Customers
A Bud Light distributor in Alabama issued a public plea to bring back customers who boycotted the brand after it produced a can with transgender influencer Dylan Mulvaney’s face. Steve Tatum, with the Montgomery-based Bama Budweiser distributor, deployed a radio advertisement for several area stations, pleading with customers to purchase Bud Light again. In April…
Biden Criticizes Republican Proposal on Debt Ceiling, Says He Won’t Accept ‘Partisan Terms’
Hiroshima, JAPAN—President Joe Biden took aim at Republicans, claiming that he had done his part in debt ceiling negotiations and that it was now up to them to “move from their extreme positions.” During a press conference held after the Group of Seven (G-7) summit in Hiroshima, Biden stated that he would shortly speak with…
ANALYSIS: TikTok Faces Escalated Ban Worldwide, Poisoning the Minds of Teens a Main Concern
May 21, 2023
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Business & MarketsChina NewsChinese RegimeCompaniesInternationalMedia & Big Techmental healthSocial MediaTechtechnologytic disordersTikToktourette'sUSUS NewsWorld
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New Analysis The Chinese-owned video-sharing platform TikTok has become increasingly scrutinized over reports of censoring anti-Beijing content, tracking users, and concerns that it hands user information to authorities in Beijing. A number of governments have escalated efforts to restrict access to the video app citing security concerns. Lawmakers in the United States, Australia, Canada, and…
ANALYSIS: TikTok Faces Escalated Restrictions Worldwide; Harms on Children a Main Concern
May 21, 2023
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Business & MarketsChina NewsChinese RegimeCompaniesInternationalMedia & Big Techmental healthSocial MediaTechtechnologytic disordersTikToktourette'sUSUS NewsWorld
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New Analysis The Chinese-owned video-sharing platform TikTok has become increasingly scrutinized over reports of censoring anti-Beijing content, tracking users, and concerns that it hands user information to authorities in Beijing. A number of governments have escalated efforts to restrict access to the video app citing security concerns. Lawmakers in the United States, Australia, Canada, and…
US Default Risk Casts Shadow Over Biden’s G7 Trip at Home
May 21, 2023
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Asia & PacificBusiness & Marketsdebt ceilingdefaulteconomic policiesExecutive BranchG-7PoliticsUSWorld
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HIROSHIMA, Japan—President Joe Biden has asked his negotiators to coordinate a call with House Speaker Kevin McCarthy for Sunday morning, U.S. time, after he concludes his G7 meetings on the last day of the summit in Japan. The White House has engaged in a heated exchange with Republicans over the debt ceiling negotiations that stalled…
US Default Risk Casts Shadow Over Biden’s G7 Trip
May 21, 2023
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Asia & PacificBusiness & Marketsdebt ceilingdefaulteconomic policiesExecutive BranchG-7G7 Leaders’ SummitPoliticsUSWorld
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HIROSHIMA, Japan—President Joe Biden has asked his negotiators to coordinate a call with House Speaker Kevin McCarthy for Sunday morning, U.S. time, after he concludes his G7 meetings on the last day of the summit in Japan. The White House has engaged in a heated exchange with Republicans over the debt ceiling negotiations that stalled…
US Default Risk Casts Shadow Over Biden’s G-7 Trip
May 21, 2023
admin
Asia & PacificBusiness & Marketsdebt ceilingdefaulteconomic policiesExecutive BranchG-7G7 Leaders’ SummitPoliticsUSWorld
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HIROSHIMA, Japan—President Joe Biden has asked his negotiators to coordinate a call with House Speaker Kevin McCarthy for Sunday morning, U.S. time, after he concludes his G-7 meetings on the last day of the summit in Japan. The White House has engaged in a heated exchange with Republicans over the debt ceiling negotiations that stalled…
Northeast China ‘Forerunner’ in China’s Development
May 20, 2023
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Asia & PacificBusiness & MarketsChina Business & EconomyChina economyChina NewsChinese Regimeeconomyfertility ratelive streamLive Streamernortheast chinapublic institutionWorld
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Northeast China, historically known as Manchuria which consists of the provinces of Liaoning, Jilin, and Heilongjiang, always seems to be a bellwether for developments in the country, especially in terms of economic, demographic, and social trends. Many things done by Northeasterners that were ridiculed early on have since become common phenomena throughout the rest of China….
Social Media Panic Triggers Banking Risk Management Overhaul: Survey
Two months after the collapse of Silicon Valley Bank (SVB), triggered by a social media-fuelled panic, banking executives across America are reevaluating their approach to online platforms. The crisis sparked a broad recognition of the impact of social media on the financial industry, prompting a renewed focus on risk management and mitigation. An array of…
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