Bitcoin Sags After its Longest Streak of Monthly Gains Since 2021
Bitcoin slipped back Monday after climbing for four consecutive months through April in the longest such winning run since 2021.
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First Republic’s Jumbo Mortgages Brought On Bank’s Failure
The seeds of First Republic Bank’s downfall were sown in the jumbo mortgages of Silicon Valley, where a unique strategy to loan wealthy individuals extraordinary sums of money blew up in spectacular fashion.
Biden Loses Debt-Limit Leverage as Business Groups Push for Talks With McCarthyÂ
President Joe Biden is under increasing pressure from business groups to negotiate with Speaker Kevin McCarthy on the US debt limit, a blow to the White House’s goal of avoiding talks with Republicans on raising it.
NYCÂ Airports Hit Record First-Quarter Passenger Traffic With 32 Million Travelers
If you’ve been stuck in long lines for security checks at New York City-area airports, your fellow travelers could be to blame.
DeSantis Board Votes to Sue Disney Over Company Retaliation Case
The Ron DeSantis-appointed board of the municipal authority overseeing Walt Disney Co.’s parks voted Monday to sue the company, following a complaint Disney filed last week against the Florida governor.
Anger Against Macron Spills Onto Streets of Paris on May Day
Anger over President Emmanuel Macron’s pension reform spilled into the streets of Paris as more than half a million people marched across France to challenge a law raising the retirement age.
Citigroup’s Fraser Says Return-to-Office Trends Drive Property Fears
Pockets of commercial real estate, such as the area east of Third Avenue in Manhattan, are likely to come under stress as landlords continue to struggle to refill towers in the aftermath of Covid-19, Citigroup Inc. Chief Executive Officer Jane Fraser said.
SpaceX Starship Rocket Launch Was Hastily Approved, Suit Against FAA Says
The test launch of SpaceX’s next-generation Starship rocket triggered a lawsuit against the Federal Aviation Administration by a coalition of environmental groups and a Native American tribe, which says the agency was too quick to approve a southern Texas launch site near a sensitive wildlife area.
Disney Versus DeSantis: A Timeline of the Florida Political Feud
A governor-appointed tourism board in Florida on Monday voted to sue the Walt Disney Co., just days after the company sued Ron DeSantis on the grounds that he engaged in a political effort to hurt its business. It’s the latest escalation in a dispute that started more than a year ago.DeSantis’s criticism of Disney over its perceived liberal agenda, like backing LGBTQ+ rights and other social issues, has struck a chord with conservative voices. Yet he’s also faced criticism for taking things too