Shares in Goldman Sachs fell 2 . The catalyst was moodys, downgrading the Credit Rating on several small and medium sized us banks, including mnt bank and pinnacle financial. The red flags raised by the Ratings Agency included a potential recession, as well as problems tied to the commercial real estate sector. As one analyst put it, any doubts about regional banking is bad for market sentiment. That wasnt helped by data from new york federal reserve, which showed that for the first time, americans owed more than 1 trillion on their credit cards. Traders have also been focused on corporate results, which so far have been better than expected. That was true for lyft, which reported results after the us market closed. Uber s small arrival is forecasting higher revenue in the Third Quarter based in part on a post pandemic rebound in ridesharing. Meanwhile, Electric Vehicle maker rivium posted a narrower lost than expeted and raised its Production Guidance for the full year. Meanwhile, Nin
On Craig Robertson at his home in utah, just hours ahead of a planned visit to the state by mr biden. Our North America correspondent nomia iqbal shared this latest update from washington, dc. The details that we have so far is, as you mentioned there, the suspect s name was Craig Robertson. We understand he was 75 years old. And there was a criminal complaint that had already been filed in the District Court of utah regarding serious concerns about him. So one of the charges that he was facing was threats against the president ive got the criminal complaint in front of me but fbi agents conducted surveillance of his home back in march. They wanted to talk to him about his Social Media Posts. He told them, according to the complaint, to come back with an Arrest Warrant which they did. Now, when you look at the criminal complaint and the evidence that they had compiled against him, it included Social Media Posts that hed put up. And theyre very dark messages. They show violence towards
Not to miss step in either direction, whether that is cutting Interest Rates too soon or too little too late. He will have more to say in front of the Senate Banking committee on thursday. In other news making headlines, a former Google Software enginer has been indicted in california on charges of stealing Trade Secrets related to the compay s Artificial Intelligence technology. Our Asia Business correspondent katie silver has been tracking the developments and joins us live from our newsroom with the latest. Arrested at home in california charged with his former counts of stealing on behalf of two Chinese Companies stealing ai. What we understand he still was data related to googles large model of learning is, what theyre doing in order to train up theyre doing in order to train up their big data centres. It is alleged that he started the company in 2019 as a software engineer, did hisjob legally for three years and then in 2022, started being courted to be the chief Technology Offic
Silva has been watching him in the newsroom, keeping tabs since he started addressing the press. What has he been saying . The biggest theme is presenting china as an International Statesman when it comes to global peace and security. He said it is about a winner when a corporation, that chinas Development Help the rest of the world and that china is interested in creating a shared prosperity with a community for shared future of mankind. He spoke about the progress for the global south. This was in opposition to the way they characterised, what ideals are later on between the relationship of us china, characterising instead that the us has been after for themselves. They say china is willing to improve the dialogue and they talk about hopes after the summit last year in San Francisco of Mutual Respect and peaceful cooperation. They said the hazard some improvements but the us was targeting china and with bewildering levels of ungovernable uncertainty. He also said if the us is pressin