Big banks continued showing resilience in the face of the bank crisis during a second week of earnings reports. Bank of America followed the trend of making bank on higher interest rates, while deposit flows appeared to settle for most. Still, results from regional banks showed more of a mixed bag. State Street, M&T Bank…

A far-right social media influencer with thousands of followers has been convicted of interfering in the 2016 presidential election. Federal prosecutors said Douglass Mackey, who went by the name of “Ricky Vaughn” online, planned a “coordinated attack” on people’s right to vote by posting images to Twitter that resembled campaign ads for Hillary Clinton. The…

In Berkeley, California, the City Council voted to ban natural gas hookups inside new buildings in an effort to reduce emissions. But an appeals court has ruled the city doesn’t have the right to enact such a ban because federal legislation trumps any local ordinance. The ban on natural gas hookups essentially banned all natural…

Europe appears to have avoided an energy catastrophe this year thanks to a relatively mild winter. Reducing its reliance on Russian oil is viewed as a positive long-term step for Europe, but experts say that a more typical winter next year could send natural gas prices soaring and put pressure on the entire system. That’s…

In an effort to expand clean energy along the East Coast, President Biden has big plans for offshore wind projects in the Atlantic. But the Pentagon is pushing back against where the administration was planning to build the mid-Atlantic wind farms because the locations interfere with military operations. The Navy and Air Force call some…

Authoritarian governments, like those in Russia and China, have renewed their commitments to media suppression with high-profile crackdowns on media stationed within their borders. Russia and China have collaborated closely on disseminating propaganda under the guise of journalism while also employing similar methods to deal with voices of dissent. Russian journalist Vladimir Kara-Murza was sentenced to…

The Supreme Court will hear oral arguments on a religious accommodation case involving a Postal Service worker who didn’t want to deliver packages on Sundays so he could observe the Sabbath. The decision will set new rules for how strict or lenient an employer must be when employees make schedule requests for religious reasons. Facts…

On April 12, the Bureau of Labor Statistics said inflation rose at its slowest rate in two years. Excluding volatile food and energy prices, core inflation rose 5.6% on an annual basis, as expected. Grocery prices declined by 0.3% with eggs, which have skyrocketed of late, falling nearly 11% for the month. Energy prices declined…

The biggest showdown expected in Washington this summer had a battle stop in New York. On Monday, Republican House Speaker Kevin McCarthy made his political pitch on the debt ceiling to the New York Stock Exchange during trading hours. “Without exaggeration, American debt is a ticking time bomb that will detonate unless we take serious,…