Bank of America hit with $1.2 billion penalty over money laundering allegationsThe Treasury Department on Tuesday announced more than $1.2 billion in penalties against Bank of America for years of failures to report suspicious transactions and address shortcomings in its anti-money-laundering program. Why it matters: The action includes the third-largest penalty in Treasury history. What they're saying: "Today's actions send a…Axios5d agoWhole story →Economybank of america penalty
Inside Trump, Netanyahu's dilemma: Strike Iran before elections or waitIsraeli Prime Minister Benjamin Netanyahu and President Trump last week discussed the possibility of launching a major new operation against Iran before the Israeli and U.S. elections, according to two U.S. officials, one Israeli official and a fourth source with knowledge of the matter. Netanyahu said during the call that he was concerned about Israeli…Axios5d agoWhole story →SecurityGovernmentus israel iran policy
Hegseth wants a livestream execution. Here's how firing squads workDefense Secretary Pete Hegseth plans to livestream the December execution of Fort Hood shooter Nidal Hasan by using a firing squad, one of the rarest forms of capital punishment in the United States. Why it matters: The planned livestream would mark the first public U.S. execution in roughly 90 years, but it has already drawn scrutiny , with President…Axios5d agoWhole story →SecurityJusticenidal hasan execution
Russian diesel deal "a betrayal," bipartisan coalition saysPresident Trump's deal to lift sanctions on Russia to increase diesel supplies "is a betrayal of the people of Ukraine" and "a gift to our adversary," a bipartisan coalition of senators wrote in a letter admonishing the agreement. Why it matters: The decision to turn to Vladimir Putin in an attempt to ease the diesel crunch is piling onto Republican…Axios5d agoWhole story →SecurityGovernmentrussian diesel deal controversy
Europe's alternative to Trump's China trade warEurope is testing a new response to China Shock 2.0 , betting that it can confront Beijing's export juggernaut without resorting to President Trump's tariff-heavy approach. Why it matters: More of the world is beginning to confront the threat that China's industrial overcapacity poses to their industries. But protecting individual sectors will not solve…Axios5d agoWhole story →Economyus china trade tensions
Five things to watch after Trump's Russian diesel dealPresident Trump is turning to Vladimir Putin to help ease a global diesel crunch, setting up a clash between Washington's energy priorities and its efforts to pressure Russia over its invasion of Ukraine. Why it matters: The fuel shortage is among the most severe effects of the Iran war and Ukrainian strikes on Russian refineries. Average U.S. diesel…Axios5d agoWhole story →PlanetEconomyrussian diesel deal
Axios-Ipsos poll: "Medicare for All" support surgesSupporters of "Medicare for All" now outnumber opponents by nearly 2-to-1, according to a new survey of U.S. adults from the Axios-Ipsos American Health Index . The big picture: Two-thirds of all survey respondents — and half of Republicans — said the federal government should be willing to spend more tax dollars to lower health care costs for Americans.…Axios5d agoWhole story →Healthmidterm elections
A golden age of corporate profitsData: U.S. Bureau of Economic Analysis, FactSet; Chart: Axios/Matt Phillips; Note: After-tax profit data includes inventory and capital depreciation adjustments. Corporate America is raking in record profits, luxuriating in luscious margins and capturing the largest chunk of the country's income on record. Why it matters: The corporate bonanza is…Axios6d agoWhole story →Economy
