The US shifted its stance on Ukraine by voting against a UNGA resolution condemning Russia for its invasion, instead proposing a neutral resolution for peace. This departure from past support for Ukraine reflects a growing divide between the US and Europe under President Trump’s administration. The US abstained from voting on the amended resolution that passed in the UNGA but successfully pushed the original draft to the UNSC, where it passed 10-0 with five abstentions.
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US banks announce big shareholder payouts as Fed eases stress tests
Wall Street's major banks, including JPMorgan and Goldman Sachs, announced significant shareholder payouts after passing relaxed regulatory stress tests, reflecting a less stringent banking environment post-2008 financial crisis. JPMorgan plans a $50 billion share buyback and increases its dividend to $1.50 per share, while Goldman raises its dividend by 33% to $4, marking a shift towards increased capital returns to shareholders. Explain It To Me Like I'm 5: Big banks are giving more money to...
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