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Wednesday, August 23, 2023 at Jefferies headquarters in New York, USA.Gina Moon | Bloomberg | Getty ImagesStock chart iconStock chart iconZION and KRE, 1 dayThe bankruptcies of two auto industry companies this year have heightened concerns about lax lending practices, especially in murky private credit markets. As a result, both the banking industry and investors are concerned that failed loans indicate a deepening crisis.The latest sign of trouble came when Zions announced Wednesday night that it could face a hefty payout for bad debts owed to several borrowers. Although it expected this to be an isolated incident, the bank said…

Sofia Richie is pregnant and planning to give birth to second child with Elliott Graingesofia richie Maternity wear is breaking out again. On the same day as the launch of the SRG fashion line, the model revealed that she is pregnant with her second child with her husband. Elliot Grainge. Alongside a mirror selfie of her wearing an SRG jacket and showing off her growing baby bump, Sofia wrote: Instagram October 16th: “On our way to launching our babies.” Sophia’s pregnancy reveal was much more subtle than the first go-around, but she decorated the cover of fashion Announced in January…

A shopper walks past a shelf selling cooking oil at a supermarket in Beijing on October 15, 2025. Pedro Pardo | AFP | Getty ImagesPresident Donald Trump’s tariffs will cost global businesses more than $1.2 trillion in 2025, with most of the costs passed on to consumers, according to a new analysis from S&P Global.The company said in a white paper released Thursday that its estimate of additional costs for companies is likely conservative. This price tag is based on information provided by approximately 15,000 sell-side analysts from 9,000 companies that contribute to S&P and its proprietary research metrics.”The causes…

U.S. Secretary of Defense Pete Hegseth warned Russia on Wednesday that if the war against Ukraine does not end, the U.S. and its NATO allies will “impose a price on Russia for continued aggression.” Hegseth said “firepower, it’s coming” to Ukraine through European countries’ purchases of U.S.-made weapons, but it’s not yet clear whether that will include U.S.-made Tomahawk missiles. At a meeting of the Ukraine Defense Liaison Group of Kiev allies held at NATO headquarters, Hegseth appealed to countries to increase investments in weapons purchases under the new Ukraine Priority Requirements List (PURL) initiative. Ukraine remains heavily dependent on…

Gene Simmons and Paul Stanley are mourning their late bandmate. Members of KISS have shared heartbreaking messages following the death of the group’s lead guitarist Ace Frehley at the age of 74. “We are devastated by the news of Ace Frehley’s passing,” Simmons and Stanley, who each played bass and lead vocals in the band, said in a joint statement to The Hollywood Reporter on October 16. “He was an essential and irreplaceable rock warrior during the most formative and foundational period of the band and its history.” And the pair, who formed the rock group with Frehley and drummer…

What it’s like to attend a Cue the Record vinyl listening session is tap your feet, close your eyes, nod your head to the beat, and sing and dance like no one’s watching. For everyone there, it’s more than just an event, it’s an experience.According to its site, Cue the Record creates a space for people to bond over a “shared love of music and analog sound.” The New York-based collective was founded by Mustafa Ali-Smith and Semaj “Sem” Davis, both 28, Midwesterners from Chicago and Detroit, respectively.The biggest attraction is the vinyl listening session that this group holds once…

OpenAI announced Thursday that it has suspended the ability for users to use its AI video model, Sora, to generate videos resembling the late civil rights activist Martin Luther King Jr. The company said it added this protection at the request of Dr. King’s estate after some Sora users generated “disrespectful depictions” of Dr. King’s image. “While there is a strong interest in free speech in depicting historical figures, we believe that public figures and their families should ultimately be able to control how their likenesses are used,” OpenAI said in a post to X from its official newsroom account.…

Timing is everything in diplomacy, and the Kremlin appears to have timed its recent lengthy phone call with the White House (its eighth in the past eight months) to perfection. As US President Donald Trump prepares to meet with Ukrainian leader Volodymyr Zelensky in Washington and publicly weighs the risks of giving Kiev long-range Tomahawk cruise missiles, Russian officials said the talks the two countries began were “positive and productive” and “held in an atmosphere of trust.” In fact, it was a nearly two-and-a-half-hour intervention by President Vladimir Putin, a last-ditch operation to stop any potentially game-changing US talk of…

Teresa Giudice reveals what happened after quitting ‘Special Forces: The World’s Toughest Test’Johnny Manziel has reached his limit. The former NFL quarterback became the fifth celebrity to exit Season 4 of Special Forces: The World’s Toughest Test after quitting competing during the Oct. 16 episode of the FOX reality series. On their fourth day in the Moroccan desert, the recruits were challenged to complete an enemy infiltration exercise that required them to crawl through narrow underground tunnels to reach a target point at the base of a signal tower half a mile away. Manziel was appointed to lead a team…

A bronze statue of former Treasury Secretary Albert Gallatin stands in front of the north wing of the U.S. Treasury Department headquarters in Washington, DC, on April 24, 2025.J. David Ake | Getty Images News | Getty ImagesThe U.S. budget deficit in 2025 has narrowed slightly, the Treasury Department said Thursday, as record tariff collections offset unprecedented government debt payments.In a year marked by a painful trade war and high financing costs, the federal government managed to come away with a $1.78 trillion shortfall, about $41 billion (2.2%) less than in fiscal year 2024.This remains the highest level in history,…