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By Andrew Torgan, CNN
The latest string of financial institution failures within the US has left many individuals questioning if banks are the most secure place to place their cash. But earlier than you begin stuffing your mattress with $20 payments, here is everything you should know in case your financial institution turns into the following domino to fall.
And right here’s what else it’s good to know to Start Your Week Smart.
The weekend that was
• Eight folks have been killed and no less than seven others wounded when a gunman opened fire at an outlet mall close to Dallas on Saturday. The gunman was killed by an Allen Police Department officer who was on the mall on an unrelated name, authorities mentioned. Investigators imagine the shooter acted alone.
• Britain’s King Charles III was topped on Saturday in a once-in-a-generation royal event witnessed by hundreds of high-profile guests inside Westminster Abbey, in addition to tens of hundreds of well-wishers who gathered in central London regardless of the rain.
• A Russian army blogger has been injured and his driver killed after their automobile was blown up Saturday, Russian state media reported, the most recent assault on a pro-war determine.
• Ethnic violence within the Indian state of Manipur has killed more than 50 people, left tons of hospitalized, and displaced 23,000, in accordance with hospital officers and the Indian military.
• Mage gained the 149th Kentucky Derby at Churchill Downs in Louisville, Kentucky, on Saturday. The 3-year-old chestnut colt edged out Two Phil’s, who crossed the road to complete in second place, and Angel of Empire completed third.
The week forward
Monday
Amid renewed scrutiny of the banking business, the Federal Reserve will launch a key survey of lending activity within the first quarter — basically a snapshot of each the demand from companies and households for loans, and the adjustments in phrases and requirements by the banks that make these loans. We acquired a preview of the survey final week through a letter from an advisory group on the Treasury Department which mentioned the survey confirmed “lending conditions were tightening before the banking stress emerged.” Bottom line: getting a mortgage shouldn’t be that simple anymore.
Tuesday
President Joe Biden is predicted to meet with House Speaker Kevin McCarthy and different congressional leaders to debate elevating the debt ceiling, setting the stage for a high-stakes second within the standoff between the president and House Republicans. Biden’s invitation got here after Treasury Secretary Janet Yellen notified lawmakers final week that the US could default on its debt as early as June 1 if Congress doesn’t increase or droop the debt restrict earlier than that point. Biden has not met with McCarthy since February.
Wednesday
We’ll get the most recent month-to-month studying on inflation with the discharge of the Consumer Price Index for April. Prices dropped for the ninth consecutive month in March, and grocery prices fell on a month-to-month foundation for the primary time since September 2020. The report comes on the heels of the Fed’s choice final week to as soon as once more raise interest rates to combat inflation.
Thursday
Title 42, the Trump-era coverage that allowed the federal government to rapidly flip away sure migrants on the border in the course of the Covid-19 pandemic, is ready to run out. Encounters between US border brokers and undocumented immigrants had fallen early this yr, however have not too long ago elevated to round 7,000 per day. That quantity is expected to rise dramatically this week as border cities in northern Mexico are already bursting with an estimated 36,000 migrants ready for the top of Title 42.
May 11 can be the day the Covid-19 nationwide and public well being emergencies finish within the US, which implies many Americans might must start paying for Covid-19 testing and remedy after the declarations stop.
Friday
May 12 is International Nurses Day, and in addition the birthday of Florence Nightingale, who is taken into account the founder of contemporary nursing. This comes as a survey of nurses launched final week exhibits many are fascinated by leaving the profession resulting from a considerable decline in work satisfaction and a big improve in stress ranges introduced on by the Covid-19 pandemic.
One Thing: Busy on the border
In this week’s “One Thing” podcast, CNN’s Rosa Flores checks in from El Paso, Texas, the place migrants are already arriving forward of the expiration of Title 42 later this week. We discover how the Biden administration is getting ready for the coverage shift and why the impacts may very well be felt effectively past the US-Mexico border. Listen for more.
Photos of the week
Check out more images from the week that was, curated by CNN Photos.
What’s taking place in leisure
TV and streaming
The MTV Movie and TV Awards are scheduled to air dwell tonight at 8 p.m. ET, however the present shall be “going hostless” after Drew Barrymore mentioned final week that she is standing in solidarity with striking members of the Writers Guild of America and stepped down as host. The MTV Movie & TV Awards is the most recent tv occasion to be affected by the strike. Late-night exhibits started turning to repeats final week as their writers joined the picket traces.
The Academy of Country Music Awards will air dwell on Thursday at 7 p.m. ET on Amazon Prime Video and the Amazon Music Channel on Twitch. Country music legends Dolly Parton and Garth Brooks will host the present.
“Still: A Michael J. Fox Movie” debuts Friday on Apple TV+. The movie incorporates documentary, archival and scripted components to recount Fox’s story in his personal phrases — from his rise to stardom in Nineteen Eighties Hollywood by the years that adopted his prognosis with Parkinson’s illness at age 29.
In theaters
“Book Club: The Next Chapter” arrives on the large display Friday. The sequel to 2018’s “Book Club” options Jane Fonda, Diane Keaton, Candice Bergen and Mary Steenburgen reprising their roles and facilities round an impromptu bachelorette getaway to Italy. Andy Garcia, Don Johnson and Craig T. Nelson are additionally again for the experience.
If you can also make a film in regards to the origins of Tetris, you can also make a film in regards to the “BlackBerry” — the as soon as ubiquitous accent of company executives. The film, which opens Friday, chronicles the rise and fall of the gadget that earned the nickname “CrackBerry” and the corporate that introduced it to market within the late Nineties.
Music
Beyoncé kicks off her “Renaissance World Tour” in Stockholm, Sweden, on Wednesday, and the Grand Final of the 2023 Eurovision Song Contest will happen on Saturday.
What’s taking place in sports activities
At a look …
The 147th annual Westminster Kennel Club Dog Show — the second-oldest steady sporting occasion within the US after the Kentucky Derby — begins Monday on the USTA Billie Jean King National Tennis Center in Queens, New York. Best in Show shall be awarded Tuesday night time.
For extra of your favourite sports activities, head on over to Bleacher Report, which — like CNN — is owned by Warner Bros. Discovery.
Quiz time!
Looking for a problem? Take CNN’s weekly news quiz to see how a lot you bear in mind from the week that was! So far, 45% of fellow quiz followers have gotten eight or extra questions proper. How will you fare?
Play me off…
‘Sundown’
Canadian singer-songwriter Gordon Lightfoot passed away last week on the age of 84, and when you grew up listening to AM radio in your loved ones’s station wagon, you’ll bear in mind this tune. (Click here to view)
The-CNN-Wire
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