Bank of America Q3 profit tumbles 17% as deals, trading revenue fall

Bank of America Q3 profit tumbles 17% as deals, trading revenue fall

Bank of America said Wednesday its third-quarter profit fell 17% from a year earlier as a $1.2 billion regulatory fine and a slowdown in its Wall Street machinery hit higher loan revenue. Bank of America (BAC) shares fell more than 3% in premarket trading. The nation’s second-largest bank reported third-quarter net income of $6.93 billion, … Read more

With Alzheimer’s diagnosis, Lee Pelton reflects on identity, joy

With Alzheimer's diagnosis, Lee Pelton reflects on identity, joy

I have always loved writing, reading, and speaking. It’s defined who I am from a very early age. I have built my life around words and ideas, and I have always tried to use them to improve the places that I’ve been fortunate enough to help lead — college campuses, nonprofits, the communities to which … Read more

Cornell cancels fraternity parties over sexual assault case

Cornell cancels fraternity parties over sexual assault case

Fraternities have existed on college campuses across the United States for decades and function as all-male social clubs where students live, study, and socialize. Over the years, the groups have become notorious for their drunkenness, partying, and dangerous hazing rituals. In a statement, an attorney representing Doe said he filed a civil lawsuit “to achieve … Read more

Judge extends White House access to banned media outlets CNN, MS Now and Politico | Trump administration

Judge extends White House access to banned media outlets CNN, MS Now and Politico | Trump administration

A federal judge on Tuesday ordered the White House to continue allowing journalists from CNN, MS Now and Politico access to the building while the media coalition’s lawsuit against the Trump administration plays out. Timothy Kelly, a district court judge, had on September 24 granted a 14-day reprieve to news organizations, which six days earlier … Read more

Niall Ferguson: Why Europe Is Burning

Niall Ferguson: Why Europe Is Burning

“The most French thing I have ever seen” was a couple drinking wine at a sidewalk cafe, probably talking about Jean-Paul Sartre, while a fire started by protesters burned across the boulevard. Unfortunately, the video posted on X is three years old, but it fit the moment last week. Since their national anthem contains the … Read more

IMF chief says Scott Bessent’s growth plans won’t tame U.S. debt

IMF chief says Scott Bessent's growth plans won't tame U.S. debt

IMF Managing Director Kristalina Georgieva (L) speaks with US Treasury Secretary Scott Bessent before a morning business meeting to “rekindle balanced, inclusive and sustainable economic growth for the benefit of all” in the presence of G7 countries, partner countries, the International Monetary Fund and the OECD, as part of the G7 summit, in Evian, eastern … Read more