Columbus, OH

Reuters

SYDNEY (Reuters) - Australia on Friday gave the go-ahead for ANZ Group's A$4.9 billion ($3.26 billion) buyout of Suncorp's banking business, clearing the deal to proceed after almost two years of scrutiny by financial regulators and treasury.

Australia approves ANZ's $3.3 billion buyout of Suncorp Bank

(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

Markets Insider

"The bar for being short equities right now is very high given these upcoming flow and random market dynamics," Goldman Sachs' Scott Rubner said.

Stocks are about to hit a 'wall of money' that will drive the market to record highs in July, Goldman Sachs says

Kentucky State

Independence Bank of Kentucky raised its position in shares of Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS – Free Report) by 38.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 32,954 shares of the company’s stock after acquiring an additional 9,152 shares during the period. Independence Bank of Kentucky’s holdings in Invesco BulletShares 2028 Corporate Bond ETF were worth $661,000 at the end of the most recent quarter.

Independence Bank of Kentucky Buys 9,152 Shares of Invesco BulletShares 2028 Corporate Bond ETF (NASDAQ:BSCS)

The LockBit ransomware group is claiming that it hacked into systems at the U.S. Federal Reserve and stole 33TB of data that it will begin leaking as early as Tuesday if the institution doesn’t pay the unspecified ransom. The notorious cybercriminals announced the attack on its dark web leak...

LockBit Claims Ransomware Attack on U.S. Federal Reserve

TOKYO (Reuters) -Japanese technology investor SoftBank Group has launched a joint venture with Tempus AI that aims to analyse personal medical data with artificial intelligence (AI) to come up with treatment recommendations, chief executive officer Masayoshi Son told a briefing in Tokyo.

SoftBank Group launches AI healthcare joint venture with Tempus AI

California State

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Alameda Post

California regulators just stopped AT&T from pulling the plug. California’s Public Utilities Commission on June 20 rejected AT&T’s application to stop providing landlines and other services in areas where there is no other option.

Still Need Your Landline?

WASHINGTON (Reuters) -The biggest U.S. banks would have enough capital to withstand severe economic and market turmoil, the Federal Reserve's annual "stress test" exercise showed on Wednesday, but firms faced steeper hypothetical losses this year due to riskier portfolios.

US banks suffer steeper losses, but retain large cushions in annual Fed health check

Overall, June 2024 financial market conditions showcased significant market stabilization for the global economy. The World Bank’s projection of a 2.6% growth rate for the year signals the first steady market expansion and stabilization period in over three years. This comes despite various uncertainties and adjustments in the market following COVID-19 pandemic disruptions.

What's In Store for Markets in the Second Half of 2024?

Gloucester County, NJ

Franklinville, NJ

Morristown Minute

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

New Jersey State

Dellwood Insurance Group has filed to dismiss a lawsuit against it by American International Group, who is using the court system “as a cudgel to crush a fledgling startup,” the new surplus insurer said. According to the motion filed last week in U.S. District Court in New Jersey,...

Dellwood Insurance Files to Dismiss ‘Insufficient’ Case Brought by AIG

The combined businesses are positioned to command 20% of the global optical market share, said Dell’Oro analyst Jimmy Yu. The Finnish vendor says the purchase of Infinera will increase the scale of its Optical Networks business by 75%. Nokia is having a big day wheeling and dealing. The Finnish...

Nokia buys optical vendor Infinera for $2.3 billion

ORLANDO, Florida (Reuters) - The only "winner" from a possible all-out trade war between the West and China will probably be the U.S. dollar. Uncertainty around global trade policy is the highest since 2018-2019 when clashes between former U.S. President Donald Trump's administration and Beijing reached fever pitch. It's nowhere near those peaks yet, but will be the focus of greater attention as the U.S. presidential election draws closer.

Column-Dollar is only winner from China-West trade war: McGeever

– The Wall Street Journal (paywall) reported that the EU has accused Apple of failing to comply with a new digital-competition law, alleging that the company’s App Store isn’t allowing developers to freely direct customers to alternative ways to make purchases. The charges are the first to be issued under the EU’s Digital Markets Act, which took effect earlier this year and includes rules intended to boost competition in digital advertising, online search and app ecosystems. The EU refers to the charges as preliminary findings.

The week in GRC: Apple may face EU digital competition fine and Tesla seeks reversal of Musk pay package decision

The US Department of Justice announced on Thursday a massive nationwide operation leading to the indictment of nearly 200 individuals involved in healthcare fraud schemes, with fraudulent claims exceeding $2.7 billion. The operation revealed that over the past two weeks 193 individuals, including 76 doctors, nurse practitioners and other licensed...

Massive nationwide crackdown nets hundreds in $2.7 billion healthcare fraud sting

Georgia State

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Douglas City, CA

Daily Coffee Press

This afternoon, Kentaiwon Durham, the Douglas City Commissioner of Ward 2, entered a guilty plea for wire fraud in the U.S. District Court for the Southern District of Georgia. Consequently, Durham is mandated to resign from his position as a city commissioner.

Georgia City Commissioner Pleads Guilty to Wire Fraud in $20K PPP Fraud Scheme

Investing.com-- Brazilian pulp manufacturer Suzano Papel e Celulose (NYSE:SUZ) will no longer pursue a bid for International Paper (NYSE:IP), after the U.S.-based paper maker cleared a major regulatory hurdle for a merger with UK-based DS Smith PLC (LON:SMDS), Bloomberg reported on Wednesday. The Bloomberg report quells earlier speculation that Suzano...

Brazil’s Suzano no longer pursuing bid for International Paper- Bloomberg

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DeanLand

Georgia's population grew beyond the 11 million mark in 2023, reaching 11,029,227 residents according to new data from the U.S. Census Bureau. With a robust population increase of 2.9% from 2020 to 2023, 315,456 new residents arrived in the state. Georgia was the 10th fastest-growing state in the US by percentage during the reporting period.

Georgia's Population Surges Past 11 Million, Fueled by Migration

The HD Post

CALIFORNIA – California Assembly members voiced concerns, May 14, over a proposed 47 cent gas increase in 2025 and annual increases, to the California Air Resources Board (CARB).

Assembly members voice concerns over proposed 47 cent per gallon gas increase in 2025

European Union's antitrust watchdogs are preparing to question competitors about OpenAI Inc.'s reliance on Microsoft's cloud technology, adding further scrutiny to Microsoft Corp.'s $13 billion investment in the company. Microsoft-OpenAI Investment. Margrethe Vestager, the bloc's antitrust chief, stated on Friday (June 28) that the EU has decided not to pursue...

EU Antitrust Regulators to Scrutinize Microsoft’s $13B OpenAI Investment Over Cloud Exclusivity

NewsBreak

Australia treasurer approves ANZ’s $4.9 billion takeover of Suncorp amidst competition concerns

Australia Federal Treasurer Jim Chalmers approved ANZ’s $4.9 billion takeover of Suncorp’s banking division on Friday. The approval overturned the national consumer watchdog’s previous decision due...

Australia treasurer approves ANZ’s $4.9 billion takeover of Suncorp amidst competition concerns

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