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Federal Reserve may tighten financial rules after US bank failures, Powell says 06/29/2023 06:12am • WASHINGTON (AP) — Federal Reserve Chair Jerome Powell said Thursday that the central bank may have to tighten its oversight of the American financial system in the wake of the failure of three large U.S. banks this spring. Powell said in prepared remarks delivered at a banking conference in Madrid Sri Lanka spares banks in its $ 19.8 billion local debt restructuring plan 06/29/2023 04:05am • COLOMBO, Sri Lanka (AP) — Sri Lanka will spare banks from being part of its local debt restructuring plan because of the possible impact on deposits, while the bulk of the burden will be shared by the Central Bank and superannuation funds, officials said Thursday. Sri Lanka's Cabinet a day earlier Rebuilding Flyers willing to be patient with top pick Matvei Michkov of Russia 06/28/2023 11:19pm • NASHVILLE, Tenn. (AP) — The Philadelphia Flyers are in rebuilding mode, so that makes waiting for Matvei Michkov to finish his commitment in Russia a bit easier. The Flyers answered perhaps the biggest question coming into Wednesday night's NHL draft by taking the Russian right winger at No. 7 ove Will the Stock Market Crash in 2023? 7 Risk Factors 06/28/2023 08:00pm • While moving at a glacial pace, the U.S. economy seems to have stabilized somewhat after two years of significant turmoil. Whether or not that stabilization will mean avoiding recessionary icebergs in the second half of 2023 or early 2024 depends on myriad economic and financial factors. Those issue 25 Ways to Enjoy Retirement on a Reduced Income 06/28/2023 08:00pm • If you enjoyed a high salary during your working years, retirement might mean a financial adjustment. When living on a fixed income, it may seem difficult to stretch the dollars you have. You'll have choices to make regarding your lifestyle and spending patterns. But opting for a frugal retirement c Utah woman accused of killing husband after writing book about grief is sued for over $13 million 06/28/2023 06:33pm • A lawsuit against a Utah woman who wrote a children's book about coping with grief after her husband's death and now stands accused of his fatal poisoning was filed Tuesday, seeking over $13 million in damages for alleged financial wrongdoing before and after his death. The lawsuit was filed against England midfielder James Maddison leaves Leicester for Tottenham on 5-year deal 06/28/2023 04:41pm • LONDON (AP) — Tottenham completed the signing of England midfielder James Maddison from Leicester on Wednesday. Spurs entered advanced talks with the recently relegated Foxes earlier this week and secured Maddison in a deal worth 40 million pounds ($50 million) plus add-ons. Maddison has agreed a Oregon governor names new secretary of state after last one resigned over work for pot industry 06/28/2023 04:29pm • PORTLAND, Ore. (AP) — LaVonne Griffin-Valade has been appointed Oregon's new secretary of state, Democratic Gov. Tina Kotek announced in a news release Wednesday, filling the vacancy created when Shemia Fagan resigned last month over criticism for her consultancy work for a marijuana business. Gri Top central bankers assert need for higher interest rates to tackle persistent inflation 06/28/2023 01:23pm • FRANKFURT, Germany (AP) — Leading global central bankers asserted Wednesday that they are not backing off their steep interest rate increases, pointing to inflation being more persistent than expected but still downplaying fears of recession from their hikes. The message was that borrowing costs w Top players who could be on the move during soccer's transfer window 06/28/2023 11:22am • MANCHESTER, England (AP) — The transfer window in England opened on June 14 and for the major leagues in Europe it will open on July 1. Lionel Messi and Karim Benzema have already kicked off the window in spectacular fashion, and more of soccer's biggest stars could also be on the move this off-se Sri Lanka's Cabinet approves a domestic debt restructuring plan in effort to solve economic crisis 06/28/2023 11:08am • COLOMBO, Sri Lanka (AP) — Sri Lanka’s Cabinet on Wednesday approved a program to restructure the country's staggering domestic debt as the island nation struggles to emerge from an economic crisis that has engulfed it since last year. The domestic debt restructuring is required as part of a bail How to negotiate with debt collectors 06/28/2023 10:35am • Whether you owe a debt or not, getting a phone call from a debt collector is never a pleasant experience. And it's one that may be happening more frequently in recent months. The hiatus that some states and companies put on debt collection activities at the height of the pandemic has largely ende Fed’s stress test results show banks’ strength in light of the recent crisis 06/28/2023 09:29am • New York (CNN) — The largest US banks have sufficient safeguards in place to weather a severe recession while continuing lending to households and businesses, the Federal Reserve said Wednesday in its annual bank resilience test.The Fed’s stress tests carried extra weight this year after the Editorial Roundup: United States 06/28/2023 08:56am • Excerpts from recent editorials in the United States and abroad: June 27 Washington Post on retired U.S. military officers working for foreign governments A bipartisan bill introduced by Sens. Charles E. Grassley (R-Iowa) and Elizabeth Warren (D-Mass.) would close several loopholes identified by The Stock market today: Asian shares mixed despite Wall Street rally 06/28/2023 12:25am • TOKYO (AP) — Asian shares were mixed on Wednesday despite a rally on Wall Street driven by optimism over reports suggesting the American economy is in better shape than feared. Australia's benchmark S&P/ASX 200 jumped 1.1% to 7,195.70 after the government reported that the consumer price inde