Toxic: A report found that 2K+ toxic lead cables across the US (owned by telecom titans including AT&T and Verizon) could be a public-health liability. With estimated removal costs of up to $60B, telecom stocks sank.
FedFinally: The Fed launched FedNow, its long-awaited 24/7 instant-payments system, with a small # of banks and credit unions. Picture: paying rent at the last minute or having paychecks hit in real time.
Siloed: Russia ended a critical wartime deal that let Ukraine (a leading grain exporter) ship grain safely across the Black Sea. The move could threaten global food security, particularly in some African nations.
Latest Stories
Sherwood Media, LLC produces fresh and unique perspectives on topical financial news and is a fully owned subsidiary of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, or Robinhood Money, LLC.