PYMNTS

In many ways, it has been the summer of cyberattacks and data breaches. And with the news Tuesday (June 25) that Russian-linked ransomware gang Lockbit is claiming to have stolen 33 terrabytes of “juicy banking information containing American’s banking secrets” from the U.S. Federal Reserve, battening down cyber defenses is once more top of mind for security-critical organizations and financial institutions (FIs) alike.

FinTech Banking Partner Evolve Bancorp Hit by Major Ransomware Attack

(L-R) Brian Moynihan, Chairman and CEO of Bank of America; Jamie Dimon, Chairman and CEO of JPMorgan Chase; and Jane Fraser, CEO of Citigroup; testify during a Senate Banking Committee hearing at the Hart Senate Office Building in Washington, D.C., on Dec. 6, 2023. Saul Loeb | Afp | Getty...

JPMorgan and Morgan Stanley boost buybacks and dividends, while Citigroup and BofA take smaller steps

Buffalo, NY

Darren King, a senior executive vice president at M&T who served as CFO from 2016 until last year, is leaving the Buffalo, New York-based lender, effective Aug. 10, the bank disclosed Wednesday. The bank did not offer details in a Securities and Exchange Commission filing indicating that King “will separate...

M&T’s ex-CFO is leaving the bank

Kevin Payne is a freelance writer and family travel and budget enthusiast behind FamilyMoneyAdventure.com. His work has been featured in Forbes Advisor, Credible, CreditCards.com, Bankrate, SlickDeals, Finance Buzz, Student Loan Planner, and more. Kevin lives in Cleveland, Ohio with his wife and four teenagers. Ashley Maready is a former history...

Wells Fargo CD Rates for 2024

Reuters

(Reuters) -Commodity markets face greater fragmentation and supply disruptions if former U.S. president Donald Trump wins the Nov. 5 election to return for a second term, an HSBC economist said on Friday.

Trump re-election may lead to commodity market fragmentation, HSBC's Bloxham says

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J. Souza

A fight between passengers marred the final night of a Carnival Cruise Line sailing on June 6th. The incident, which unfolded in the Lido Deck dining room onboard the Carnival Paradise, involved a group of women and resulted in thrown chairs and plates.

Cruise Ship Fight Near Buffet Captured on Camera, Passengers Banned for Life

Amazon will reportedly add a section to its shopping site that aims to compete with Temu and Shein, featuring items that are cheap and are shipped from China to overseas consumers. The new marketplace will offer apparel, home goods and consumer goods, along with delivery in nine to 11 days,...

Amazon Takes On Temu and Shein With China-Direct Discount Section

FedEx is reportedly expected to spin off its Freight unit after it conducts an assessment of the future of that business unit. The company’s Freight unit, which is the largest operator in the less-than-truckload (LTL) sector, could bring a windfall to FedEx shareholders if it were spun off as a separate publicly traded company, The Wall Street Journal (WSJ) reported Wednesday (June 26).

Experts Expect Spinoff as FedEx Considers Future of Freight Unit

New York City, NY

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The e-Texan

New York – As Trump anticipates his sentencing on July 11th in the New York hush money case, Florida Judge Aileen Cannon made a ruling this Monday. Despite rejecting Trump’s legal team's request to dismiss several charges in the classified documents case, she conceded on a minor point. She removed a portion of the charges that referenced an uncharged allegation, but upheld the other charges.

Legal expert says Trump should not be jailed after New York guilty verdict because he is ‘too old’

Lorraine Hutchinson, Bank of America analyst, joins 'Money Movers' to discuss Nike's latest earnings and more.

BofA's Lorraine Hutchinson on Nike: This was a much 'bigger reset' than we had expected

Can the angle at which you hold your phone help your bank protect against scams?. National Australia Bank seems to think so. Speaking during the Australian Banking Association Conference in Melbourne Wednesday (June 26), CEO Andrew Irvine said the lender introduced more “friction” to payments processes and new predictive protection tools to spot scammers, Bloomberg reported.

Australian Bank Spots Scams via How Users Hold Their Phones

New Jersey State

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Morristown Minute

NEW JERSEY - Attorney General Matthew J. Platkin and the Division of Consumer Affairs announced today that Walmart has agreed to pay $1.64 million to settle allegations of unlawful unit pricing practices across its 64 New Jersey retail stores. The settlement, which includes a $1.61 million civil penalty, marks the largest ever obtained by the Division’s Office of Weights and Measures (OWM).

Walmart Pays $1.64M Settlement for Unlawful Pricing in NJ

Virginia State

Cheryl E Preston

A Culpepper family had a Wizard of Oz experience. A family of five in Culpepper, Virginia, experienced a Wizard of Oz during this past Sunday's tornado. Brandy Walters told WTOP it's a miracle she and her husband, Lawrence Johnson, and their three children are still alive.

Tornado picked up a shed with a Culpepper, Virginia family of 5 inside, then dropped them upsidedown

Newark, NJ

NEWARK, N.J. – Eight individuals associated with the "793 Bloods" street gang, a subset of the national Bloods gang, have been charged for their roles in a Newark-based drug trafficking organization, U.S. Attorney Philip R. Sellinger announced.

Eight '793 Bloods' Gang Members Charged in Newark Drug Network

Fintel reports that on June 28, 2024, Guggenheim upgraded their outlook for Guardant Health (NasdaqGS:GH) from Neutral to Buy. As of June 12, 2024, the average one-year price target for Guardant Health is 36.89. The forecasts range from a low of 28.28 to a high of $49.35. The average price target represents an increase of 27.74% from its latest reported closing price of 28.88.

Guggenheim Upgrades Guardant Health (GH)

Gloucester County, NJ

Franklinville, NJ

FRANKLINVILLE, N.J. -A Gloucester County, New Jersey, man admitted today that he defrauded the government of more than $200,000 in Social Security and Medicaid benefits, U.S. Attorney Philip R. Sellinger announced.

Man Guilty of $200K Social Security & Medicaid Fraud

Utah State

(Bloomberg) – SM Energy Co. and Northern Oil and Gas Inc., two U.S. shale drillers, agreed to acquire assets in Utah’s Uinta basin for about $2.6 billion in cash, the latest in a string of oil and gas acquisitions as operators look to scale up. SM said Thursday...

SM Energy, Northern Oil and Gas partner in $2.6 billion XCL Resources shale acquisition in Utah

Target will reportedly lower the threshold at which store staff can attempt to stop nonviolent theft. In a new guideline expected to be implemented this summer, the retailer has dropped that threshold to $50 from the previous $100, Bloomberg reported Friday (June 28), citing unnamed sources. Asked about the change...

Target to Lower Threshold for Apprehending, Prosecuting Shoplifters

Missouri State

CJ Coombs

According to Shakey's website, this pizza parlor is only in California, North Carolina, and Washington state in the U.S. now. This was my family's go-to pizza joint when my father was stationed with the Air Force outside of Omaha, Nebraska. We liked it so much, that when we were transferred again, it was hopeful we'd find another one.

Shakey's Pizza Parlor and nostalgia: the first franchised pizza restaurant also landed in Missouri

Jacksonville, FL

Jacksonville Today

Former teacher Jeffrey Clayton, convicted of lewd behavior with a student at Douglas Anderson School of the Arts, walked briskly up to the Duval County Courthouse on Friday carrying a small backpack.

Former Douglas Anderson teacher sentenced to 10 years

NewsBreak

Citi Head of Risk Data Peter Cai Leaves Bank

Citigroup’s head of risk data, analytics, reporting and tech Peter Cai has reportedly become the latest senior executive to leave the bank. Cai’s departure was announced...

Citi Head of Risk Data Peter Cai Leaves Bank

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