New York Community Bank, a regional lender, is facing a critical situation as Moody’s Investors Service recently slashed the deposit rating of the bank’s main subsidiary. This downgrade, which is the second within a month, has caused the bank to be three levels below the investment grade. The implications of this rating cut could be
Reports from watchdogs have revealed the appalling treatment of an “incredibly vulnerable” girl in a young offenders’ institution. This girl was held down and forcibly stripped by “multiple” male prison guards at YOI Wetherby in West Yorkshire. It is deeply disturbing to learn that this teenager had her clothes removed not once, but on two
Goldman Sachs recently introduced two new stock baskets based on corporate asset intensity, a metric that measures the ratio of assets to revenues. The asset-light basket, comprised of companies with low asset intensity, has outperformed the high-asset intensity group by 40 percentage points since 2002. This outperformance is attributed to superior return on equity, which
The recently updated COVID vaccines have shown promising results in protecting against serious virus-related outcomes in immunocompetent adults, based on data from the CDC’s IVY and VISION networks. However, despite the effectiveness of these vaccines, the uptake has been relatively low. The CDC’s data revealed that only 22% of U.S. adults have received the latest
The upcoming elections in Britain are expected to bring about significant changes in the country’s electoral map. While Labour is projected to secure a majority, the battle in the North of England and the Midlands remains uncertain. Traditional Labour strongholds, such as Grimsby, are experiencing shifts in voter preferences. These areas are characterized by a
Recently, Congressional lawmakers unveiled the specifics of the first six budget bills necessary to keep government agencies funded before a potential partial government shutdown ensues. The 1,050-page appropriations package covers funding for six major governmental areas, including military and veterans affairs, agriculture, commerce, energy and water, transportation, housing, and more. The initial deadline for funding
Dashing Through The Snow brings an intriguing blend of action and comedy to the Christmas genre. Set in a cozy cabin on Christmas Eve, the movie follows US Marshall Jo as she protects a pregnant fugitive from a relentless bounty hunter and a hitman Santa, along with his team of mischievous elves. This unique storyline
Apple is known for its grand product announcements and events that create a buzz in the tech industry. However, the latest reports suggest that the Cupertino-based tech giant is planning to refresh its lineup of devices quietly without much fanfare. This move comes as a surprise to many, but it seems that Apple is gearing
China’s economy faced a slow recovery from the Covid-19 pandemic in 2023, with a 5.2% growth rate in gross domestic product. This was lower than many had expected due to various factors such as a prolonged slump in the real estate market and falling global demand for Chinese exports. As a result, levels of consumer
Losing weight is often seen as a crucial health goal, especially when considering the numerous health issues associated with being overweight, including cancer. However, a recent study has produced unexpected results that have shed light on the complex relationship between weight loss and cancer risk. The study, which utilized data from nearly 160,000 health professionals