New York Community Bank recently faced a significant blow as Moody’s Investors Service slashed the deposit rating of NYCB’s main banking subsidiary by four notches, to Ba3 from Baa2, marking it as three levels below investment grade. This downgrade has serious implications for the bank, as it could trigger contractual obligations from business clients of
Britain’s electoral map is in for a potential shake-up as voters prepare to head to the polls in the upcoming election. While Labour appears to be on course for a majority, the battle is far from simple in certain regions of the North of England and the Midlands. These areas are home to traditional Labour
A fresh Christmas action-comedy is in the making, titled “Dashing Through The Snow”, featuring an intriguing storyline that promises to captivate audiences. Set in a cabin on Christmas Eve, the movie follows US Marshall Jo on a mission to protect a pregnant fugitive from a bounty hunter and a hitman Santa. The film is directed
The latest data from the CDC’s IVY and VISION networks shed light on the protection offered by recently updated COVID vaccines against severe virus-related outcomes in immunocompetent adults. The study conducted from September 2023 to January 2024 revealed that the vaccine effectiveness (VE) against COVID-related emergency department or urgent care visits was determined to be
Over the weekend, Congressional lawmakers released the details of the first six budget bills required to fund government agencies and avoid a partial government shutdown that could occur this coming weekend. This appropriations package, consisting of 1,050 pages, covers funding for six major areas of government, including military and veterans affairs departments, agriculture, commerce, energy
Apple is known for its grand product launch events that create a buzz in the tech world. However, the latest reports suggest that the tech giant is planning to take a different approach this time. Instead of a glamorous event, Apple is gearing up to announce multiple devices quietly, through press releases. This subtle strategy
When it comes to health, one of the most common goals is to lose weight in order to prevent various diseases, including cancer. However, a recent study has shed light on an unexpected result – weight loss may actually be linked to a higher rate of cancer in the year following the weight loss. This
Chris Mortensen, a titan in the world of sports journalism, passed away at the age of 72. His career spanned over three decades, during which he graced ESPN with his exceptional reporting skills and unwavering passion for the NFL. Mortensen was not just a news breaker; he was a visionary who set the standard for
China is set to begin its annual parliamentary meetings this week, with investors eagerly anticipating signals on potential economic stimulus measures. While the country’s gross domestic product grew by 5.2% in 2023, the overall recovery from the Covid-19 pandemic has been slower than expected. A prolonged slump in the real estate market and declining global
In a surprising move, Saudi Arabia and Russia, two heavyweights in the oil production industry, alongside other key OPEC+ producers, have decided to extend their voluntary crude supply cuts until the end of the second quarter. This decision comes amidst a period of fluctuating oil prices and geopolitical tensions. According to reports from the state-owned