Peacock will exclusively stream an NFL playoff game for the first time next season, in another sign of streaming services’ growing interest in live sports. The NFL and Peacock, the streaming service from Comcast Corp.’s CMCSA, -0.93% NBCUniversal, announced a deal late Monday to stream a wild-card playoff game in…
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Ex-CEO of Silicon Valley Bank says no bank could have survived a run ‘of that velocity and magnitude’
The former chief executive of Silicon Valley Bank plans to tell lawmakers Tuesday he did the best he could under the circumstances, and will apologize for the bank’s collapse. “The leadership team and I made the best decisions we could with the facts, forecasts, and outside expert advice available to…
RBA Remains Vigilant to Resurgence in Inflation
By James Glynn SYDNEY--The Reserve Bank of Australia remains vigilant to the risk of a resurgence in inflation, warning in the minutes of its May 2 policy meeting that further increases to interest rates can't be ruled out and the path to a soft landing for the economy was very…
Horizon shares sink on report that FTC will sue to block takeover by Amgen
Shares of Horizon Therapeutics PLC plunged 15% in extended trading Monday after Bloomberg News reported the FTC is expected to file a lawsuit to block Amgen Inc.’s $27.8 billion acquisition of Horizon. The Federal Trade Commission will argue the deal would harm competition for drug development, according to Bloomberg, which…
14 million mortgages were refinanced during ‘pandemic boom.’ That makes life very difficult for home buyers.
[]The great pandemic mortgage refinance boom is most definitely over, but the aftershock is still rippling through the housing market. Homeowners are holding up home sales, as their ultra-low prize is too precious to give up. []During the early days of coronavirus pandemic in 2020 and 2021, mortgage rates fell…
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Credit-card debt failed to decline in first quarter — for first time in over 20 years, New York Fed says
U.S. credit-card debt appears to be stubbornly holding near $1 trillion, the Federal Reserve Bank of New York said in its quarterly report on household debt and credit Monday. In the fourth quarter, when credit-card debt tends to rise due to holiday shopping, credit-card balances hit a whopping $986 billion,…
IRS explores offering a free tax-filing service. What could go wrong?
The Internal Revenue Service is the country’s tax collector, but a majority of people like the idea of the agency also becoming a tax preparer that does the job for free, according to a new poll released Monday. In Monday’s poll, 76% of voters said they like the prospect of…
My son, 34, is getting married. My wife and I want to give him $10,000, but we’re afraid he’ll squander it. What do you suggest?
My 34-year-old son is getting married this summer. We have an on-and-off relationship, which is especially complicated by the fact that he was dependent on us financially throughout his 20s. We are bitter that he is ungrateful for the support we gave him. He is bitter because he thinks we…