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Credit Suisse helped Archegos take ‘potentially catastrophic’ risks before losing billions when it collapsed
Stefan Wermuth/Bloomberg/Getty Images

Credit Suisse helped Archegos take ‘potentially catastrophic’ risks before losing billions when it collapsed

Credit Suisse investment bankers allowed Archegos Capital to take “voracious” and “potentially catastrophic” risks that culminated in the US hedge fund’s spectacular collapse in March, costing the bank $5.5 billion and causing chaos on Wall Street, according to an investigation published Thursday. The Swiss bank published a report by law firm Paul, Weiss, Rifkind, Wharton…MORE

Trump’s inroads with Florida Latinos are influencing Democratic response to Cuba
YAMIL LAGE/AFP/Getty Images

Trump’s inroads with Florida Latinos are influencing Democratic response to Cuba

Democrats in South Florida, beleaguered by a tough 2020 election in the state, have been privately and publicly urging their party leaders to embrace the protests against Cuba’s communist regime that are roiling the island nation. Their reasoning is as much personal — these Democrats believe supporting the protests is the right thing to do…MORE

Immigrant advocacy groups pull out of US effort on border amid standstill over restrictions
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Immigrant advocacy groups pull out of US effort on border amid standstill over restrictions

Immigrant advocacy organizations that quietly agreed to work with the Biden administration to identify vulnerable migrants in Mexico amid border restrictions are pulling out of that effort, frustrated with the lack of clarity over when a Trump-era policy will be reversed. It’s the latest indication of tensions bubbling up between the administration and some of…MORE

The world’s biggest food company says prices are going even higher

The world’s biggest food company says prices are going even higher

The world’s largest food and beverage company is introducing even bigger price hikes as commodity and transportation costs surge. Nestlé, which sells everything from ice cream to coffee and cereal, said on Thursday that it would respond to higher input costs by raising prices in the second half of the year. “Inflation has been virtually…MORE

5 things to know for July 29: Infrastructure, Covid-19, Capitol riot, Taliban, Cuba

5 things to know for July 29: Infrastructure, Covid-19, Capitol riot, Taliban, Cuba

Several key Covid relief projects are ending soon, which could leave millions with renewed financial risks including housing issues, unemployment, student loan payments and more. Here’s what you need to know to Get Up to Speed and On with Your Day. (You can also get “5 Things You Need to Know Today” delivered to your…MORE

White House outlines ‘hard-nosed approach’ to tackling root causes of migration
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White House outlines ‘hard-nosed approach’ to tackling root causes of migration

The Biden administration is outlining its “hard-nosed approach” for tackling root causes of migration in Central America, but nearly two months after Vice President Kamala Harris made a trip to the region, its plan is short on new details. Senior administration officials on Wednesday broadly outlined the pillars of the Biden administration’s plan, including addressing…MORE

FDA says it’s working as fast as possible to fully approve vaccines, as urgency rises amid Covid surge
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FDA says it’s working as fast as possible to fully approve vaccines, as urgency rises amid Covid surge

The US Food and Drug Administration insists it is working as quickly as possible to review applications for full approval of the Covid-19 vaccines as the number of cases continues to rise and vaccination rates decline across the country. Though the FDA has yet to disclose a time line for when its work will be…MORE

Biden shifts onus for pandemic onto the unvaccinated as he readies federal worker vaccine requirement
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Biden shifts onus for pandemic onto the unvaccinated as he readies federal worker vaccine requirement

President Joe Biden, who for months used techniques like public service announcements and grassroots campaigns to persuade Americans to get vaccinated, is adopting a tougher approach as caseloads surge: vaccine requirements and blame. The shift toward placing the onus for the current situation on those who have refused to get vaccinated reflects Biden’s growing impatience…MORE

ActBlue reports record start to midterm cycle, raising $289 million during the second quarter
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ActBlue reports record start to midterm cycle, raising $289 million during the second quarter

Democratic donors donated $289 million through the online fundraising platform ActBlue during the second quarter of this year, in what the group touts as a sign of early grassroots energy ahead of next year’s hotly contested midterm elections. In all, Democratic grassroots contributors have donated more than $602 million through ActBlue during the first six…MORE

This Florida mother has been living in her teen daughter’s ICU room for days, praying she survives Covid-19
CNN

This Florida mother has been living in her teen daughter’s ICU room for days, praying she survives Covid-19

Agnes Velasquez remembers the last words her teen daughter said before Covid-19 severely attacked her respiratory system. “She told me that she loved me,” said Velasquez, who rushed her daughter to the hospital. Velasquez spoke with CNN on a video call from the ICU room where her 15-year-old daughter, Paulina, has been battling Covid-19 for…MORE

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