US banks blame ‘abusive trading practices’ for crisis of confidence

The main lobby group for US banks has appealed for regulators’ help to close the door on the crisis of confidence ripping through shares in a growing number of the country’s lenders. The American Bankers Association (ABA) used a letter to the Securities and Exchange Commission (SEC) to accuse so-called short sellers of bringing otherwise […]

What is Arexvy? US approves first vaccine for RSV after decades of attempts

The US has approved the first vaccine for respiratory syncytial virus (RSV) for people aged 60 and over. On Wednesday the Food and Drug Administration (FDA) approved the use of Arexvy in the country. The vaccine is said to protect older adults against the respiratory virus. Now the Centers for Disease Control and Prevention (CDC) […]

US interest rates rise higher despite continued banking turmoil

The Federal Reserve – the US central bank, known as the Fed – has increased interest rates for the 10th time in a row despite the continued worst banking turmoil since the global financial crash. The rate has been increased by 0.25 percentage points again in the Fed’s continued effort to bring down inflation, which […]

US rate hike expected despite crisis of confidence after third bank failure

The US central bank is widely expected on Wednesday to raise its main interest rate for the tenth consecutive month in the continuing battle against inflation, despite worries over the impact on bank balance sheets. While higher interest rates are generally good news for bank earnings, the Federal Reserve’s aggressive pace of rate rises in […]

The million dollar streets strewn with bodies contorted by the effects of fentanyl

Bodies are strewn on the doorstep of San Francisco’s main government building, contorted by the effects of fentanyl, a painkiller 100 times more potent than morphine. We’re two streets away from the headquarters of Twitter, in a city district with more billionaires than anywhere on Earth, but this has become an open-air drug market. Trevor […]

At least six killed and dozens wounded in car crashes during dust storm in Illinois

At least six people have been killed and dozens of other people have been injured following major car crashes caused by a dust storm in southern Illinois, state police said. The multi-vehicle pile-up took place on the I-55 road south of Springfield in central Illinois, police said. The coroner’s office confirmed that at least six […]

Manhunt for gunman who shot dead five neighbors in Texas enters its fourth day

The search for a suspected gunman has entered its fourth day after five neighbors were shot dead in Texas – as a grieving father has recalled the moment his wife and young son were killed. Francisco Oropesa, who is considered to be armed and dangerous, is believed to have fled the rural town of Cleveland […]

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