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Wall Street earnings highlight volatility's impact, benefiting trading desks like JPMorgan and Citigroup, while Wells Fargo, heavily reliant on traditional banking, lowered its interest income target amid muted loan growth. With regulatory restrictions lifted, CEO Charlie Scharf may focus on expanding deposits and lending to enhance revenue, as investors show optimism in Wells Fargo's stock performance. Explain It To Me Like I'm 5: Wells Fargo is starting to grow again after being held back for...

The Trump administration has implemented a policy change that limits the release of undocumented immigrants from detention, asserting that those who entered the U.S. illegally are not eligible for bond hearings. This shift, part of a broader immigration enforcement strategy, follows the allocation of $75 billion for ICE to increase detention capacities and hire more deportation officers. Explain It To Me Like I'm 5: The Trump administration has made it harder for immigrants facing deportation...

Tyla Simona led a poignant march in Whangārei to honor her son, Reign Matamaru Tuhirangi Puriri, who tragically died at three after falling from an unregistered vehicle driven by his uncle, Aitua Kino Puriri, who has pleaded guilty to manslaughter. The event reflects Simona's struggle to find meaning in her profound loss and the overwhelming grief she endures as a mother. Explain It To Me Like I'm 5: A mother named Tyla Simona led a...

South Africa has secured over $29 million from the Global Fund to purchase lenacapavir, a biannual anti-HIV injection, which research indicates could significantly contribute to ending AIDS in the country, according to health department spokesperson Foster Mohale. This funding marks a crucial step in the nation’s efforts to combat the HIV epidemic. Explain It To Me Like I'm 5: South Africa is getting a big amount of money to buy a special medicine that can...

Michael Strahan, NFL legend and host of ABC's Good Morning America, is set to make his debut on Shark Tank, where he recently filmed guest episodes. Despite feeling nervous initially, he enjoyed the experience and highlighted his entrepreneurial ventures, including his production company, SMAC Entertainment; the new season will feature other guest judges alongside the returning sharks. Explain It To Me Like I'm 5: Michael Strahan, the NFL star and Good Morning America host, is...

Scientists have discovered the exoplanet TOI-1846 b, a 'super-Earth' nearly twice the size and four times the mass of Earth, located 154 light years away. With extreme temperatures and oceans on one side, this planet orbits a red dwarf star, prompting further research to explore its atmosphere and potential for life. Explain It To Me Like I'm 5: Scientists have found a new exoplanet called TOI-1846 b, which is almost twice the size of Earth,...