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‘Most’ of Star Wars Zero Company studio Bit Reactor was furloughed ahead of launch
Last week was meant to be a moment of triumph for Bit Reactor, the Maryland-based game studio founded in 2021 with ambitions to create a great new tactical combat game. On Thursday, August 27, Bit Reactor’s debut title, Star Wars Zero Company, released to stellar reviews. And, from the Gamescom show in Cologne, Germany, studio co-founder Greg Foertsch was giving interviews discussing what the studio’s next game may be. But for many developers on the game, launch has been bittersweet. Fans love it. Critics prefer it to most recent Star Wars games. Zero Company, which is out for PS5, Xbox Series consoles and PC, is the top-selling game on Steam. Much of the team that made it, however, is currently going without pay. They were furloughed, just weeks ahead of the game’s launch. A rep for Bit Reactor confirmed to Game File today that the studio had furloughed many of its workers prior to the game’s release. They said it was a difficult decision and one that had been made before it was clear how launch would go. The rep emphasized that the call to do this was Bit Reactor’s alone (meaning not from publisher EA nor Star Wars license holder Disney). While the rep declined to comment on the scale of the furloughs, a previously unreported lawsuit brought by studio co-founder Alison Kelly in 2024 noted in a filing from August 12 of this year that Bit Reactor “has furloughed most of its employees and terminated contractors…” One source told Game File the furloughs impacted 80% of the team; another referred to there only being a skeleton crew left on Bit Reactor’s active payroll, ready to address any of Zero Company’s post-launch bugs. The issue is that Bit Reactor, a studio formed in 2021, had run out of most of its money just ahead of the launch of its first game. Over the weekend, Zachariah Scott, a senior technical artist who worked at Bit Reactor from early 2023 until an acrimonious exit this past May, said on LinkedIn that the studio was “concealing the fact that the team was Furloughed weeks ago.” Reached by phone today, Scott told Game File that he spoke to nearly a dozen Bit Reactor workers over the weekend. “Everybody has essentially the same story, which is, ‘Yeah, I got furloughed three weeks ago.” The Bit Reactor rep told Game File that the studio hoped to bring furloughed workers back, suggesting that a successful launch of the game could be impactful. Scott told Game File that workers he spoke to were less confident that even if there were returns, that all who were furloughed would get their old jobs again. A heated dispute Bit Reactor’s mid-2026 was almost even more tumultuous. The lawsuit by co-founder Alison Kelly that first revealed the furloughs was initially slated to go to trial in June. The suit is a she-said/he-said about whether Kelly, until 2024 the chief operating officer of Bit Reactor, was a co-owner of the studio or whether it was solely owned by Greg Foertsch. In July 2024, Kelly sued, saying she was pushed out by Foertsch. She first sued in federal court and later refiled in Maryland’s Baltimore County, alleging breach of contract and that Foertsch had unjustly enriched himself. Kelly cited damages of over $20 million, on the basis of Bit Reactor allegedly being worth more than double that. Foertsch’s side has said Kelly was never a co-owner and has countered with claims about her job performance (which she has denied). The June trial was postponed until early 2027, as both sides have been deposing witnesses and filing more claims and denials along the way. Amid all of that, filings in the lawsuit reviewed by Game File paint a picture about Bit Reactor’s origins, early aspirations around tactics games, the team’s breakthrough in drawing the attention of Electronic Arts with the help of a pitch tied to one of EA’s non-Star Wars franchises, and early fractures among its co-founders. The real story about the company behind Zero Company
Americans trust their doctors while second-guessing distant intermediaries—now more than ever
The general public is smiling at local healthcare providers while snarling at federal healthcare agencies, according to a survey report posted Aug. 31 by Annenberg Public Policy Center at the University of Pennsylvania.
Los Angeles County residents fed up by uptick in street takeovers, business lootings
SCOREBOARD | Northeast Florida high school sports for Aug. 31-Sept. 5
The Times-Union rounds up high school sports scores and results across Jacksonville and Northeast Florida for Aug. 31-Sept. 5, 2026.
Trump calls for federal tax incentives to revive U.S. film industry
President Trump on Monday urged Congress to approve federal tax incentives aimed at reviving American film and television productions.
Trump urges Congress to pass tax incentives for entertainment industry
U.S. President Donald Trump on Monday said that Congress should pass tax incentives for the entertainment industry to keep production in the country.
Maine GOP urges immediate funding boost for struggling rural health centers
PCHC, Maine’s largest federally qualified health organization, said it is in urgent need of funding.
Federal Trade Commission and 22 states sue Amazon over advertising prices
The lawsuit claims that Amazon overcharged 1.2 million advertising customers by misleading them on prices for online auctions for ads
House expected to vote on funding bill, including delay of hemp restrictions
The measure includes legislation that would delay for one month a looming federal ban on many intoxicating hemp products
Champaign business owner, Mahomet resident charged with tax, wire fraud
URBANA, Ill. (WCIA) — A Mahomet man with a business in Champaign is facing federal charges for allegedly failing to turn over more than $800,000 in employment taxes to the IRS, and for “…
Annenberg poll: Americans trust their doctors when it comes to public health, but not FDA, CDC
Trust in federal government health agencies has dropped in Trump’s second term.
Former FSU running back waived by Dallas Cowboys
Former Florida State running back Jashaun Corbin was waived by the Dallas Cowboys as the team trimmed its roster to 53 players.
Oregon State Hospital order draws mixed reactions over mental health, jail policy
The state hospital has been turning away low-level offenders who are deemed too mentally ill to stand trial, following a federal judge’s order from June.
FTC sues Amazon, alleging it overcharged advertisers
The Federal Trade Commission and 22 states on Monday accused retail giant Amazon of deceiving businesses by overcharging prices to advertise on its massive retail platform, pocketing billions for the company.
FTC sues Amazon for allegedly overcharging advertisers on its platform
The Federal Trade Commission on Monday accused retail giant Amazon of deceiving businesses by overcharging prices to advertise on its massive retail platform, pocketing billions for the company.
Funding Cuts, Public Trust, and AI Dominate Concerns for Physical Scientists, Survey Reveals
A new AIP survey finds nearly a fifth of physical scientists have lost federal funding since early 2025, with international travel and recruitment also affected.
Wellsburg Health Care Center and Red Cross host Community House blood drive in Follansbee
WTOV NBC 9 provides local news, weather forecasts, notices of events and items of interest in the community, sports and entertainment programming for Steubenville and nearby towns and communities in the Ohio Valley area including, in Ohio Steubenville, St. Clairsville, Wintersville, Cadiz, Bellaire, Toronto, Martins Ferry, Barnesville, Shadyside, Bridgeport, and Mingo Junction and in West Virginia Wheeling, Weirton, Moundsville, New Martinsville, and Wellsburg.
Exclusive: DHS plans to launch voter fraud investigation surge Tuesday
The Department of Homeland Security is planning a surge in its efforts to investigate voter fraud in select states starting Tuesday, according to internal federal guidance reviewed by CNN.
CT small businesses brace for higher costs from new tariffs
Connecticut small businesses say new federal tariffs are increasing costs and squeezing margins as they struggle to avoid raising prices.
Brayden Schenn's NHL27 Rating Revealed
EA Sports' latest entry for the NHL video game franchise is almost here, and with it has come their latest rankings and ratings for every player throughout the entirety of the NHL.
House Republicans investigate DEA tactic blamed for fentanyl flood
The tactic allegedly permitted staggering amounts of deadly fentanyl to reach the streets as federal authorities sought to build bigger drug cases
House Republicans investigate DEA tactic blamed for fentanyl flood
The tactic allegedly permitted staggering amounts of deadly fentanyl to reach the streets as federal authorities sought to build bigger drug cases
House lawmakers return to Washington with stopgap funding bill among priorities
The bill would keep the federal government fully funded through early December, removing the possibility of a shutdown before the midterm elections
House lawmakers return to Washington with stopgap funding bill among priorities
The bill would keep the federal government fully funded through early December, removing the possibility of a shutdown before the midterm elections
Kalshi Bans George Santos for Life Over State of the Union Bets
The decision comes after a federal regulator alleged he made more than $17,000 by placing bets on his attendance at the State of the Union address.
🎾 Y! Sports AM: Novak knocked out
For the first time in 20 years, Djokovic lost in the first round of a major.
Column: California's fight against Trump's unhinged war on voting by mail
California could have some zany theater this fall: county prosecutors charging federal postmasters with felonies for obeying President Trump’s order to withhold delivery of mail ballots to voters.
CT’s Community Health Centers Earn National Recognition
The federal Health Resources and Services Administration recently awarded Community Health Quality Recognition badges to community health centers across the country, including Connecticut’s 17 health centers.
Pa. business owner guilty of using COVID money for personal use
A federal jury found a Pennsylvania man guilty of using COVID relief money to buy a house and a vehicle, among other things.
Six Florida State University faculty earn prestigious NSF CAREER Awards
Six early-career faculty members at Florida State University have earned the prestigious National Science Foundation CAREER Award, one of the federal
Is it safe to eat lettuce yet? What to know as cyclosporiasis outbreak lingers
As federal health officials continue to investigate this summer's outbreak of cyclosporiasis tied to iceberg lettuce, many people are left wondering: Is it safe to eat lettuce yet?
New Mexico Health Care Authority hosts news conference for Medicaid changes
Federal changes are coming to programs like Medicaid and SNAP in 2026 and 2027. The New Mexico Health Care Authority is hosting a virtual conference to help explain the changes
Cowboys news: Takeaways and analysis of Dallas’ 53-man roster
Here is today’s Dallas Cowboys news
Top salaries at Aunt Martha’s 2024
Aunt Martha’s Health & Wellness is a federally qualified health center that delivers integrated community health care that connects medical, behavioral and social support.
Top salaries at Aunt Martha’s 2024
Aunt Martha’s Health & Wellness is a federally qualified health center that delivers integrated community health care that connects medical, behavioral and social support.
$30M grant will fund turbulence research center at Michigan State
A 30 million federal grant will help Michigan State University launch a center to study and control turbulence, not just in the air but also in water.
Is it safe to eat lettuce yet? What to know as cyclosporiasis outbreak lingers
As federal health officials continue to investigate this summer’s outbreak of cyclosporiasis that has been tied to iceberg lettuce, many people are wondering: Is it safe to eat lettuce yet? For now, the answer seems to be generally yes – with an important caveat.
Federal grant cuts hit Colorado studies to make healthcare more efficient
Dr. Lisa DeCamp thought she might have a win-win idea that would improve health for kids with asthma while saving Medicaid money. She may never know if it would have worked after the Agency for Healthcare Research and Quality ended her…
Betting odds released for Michigan vs Western Michigan
Will Michigan cover the spread against Western Michigan? Here’s a look at the betting odds.
8 winners and losers from Patriots roster cuts
The Patriots reduced their roster to 53 players on Sunday.
Take-Two Says GTA 6 Leak Probe Is "Rapidly Evolving," Wants New Discord Demands Under Seal * TorrentFreak
Take-Two has informed U.S. federal courts that its investigation into the GTA 6 leak is "rapidly evolving".
'Ruled himself out' - Another Long-Expected Celtic Move Close
It looks like another long-expected Celtic move is now very close to happening.
Old questions return early in season
Tottenham manager Roberto de Zerbi said he was "not angry" and there was "no panic" after his side's second loss in two games - but it was a depressingly familiar story for the club's fans. With more than £300m spent in the summer, Spurs fans were expecting a push to get back into Europe, having won the Europa League two seasons ago and been in the last 16 of the Champions League in March. Instead, in the Premier League it is played two, lost two, scored none, 20th out of 20.
Was CB Jabbar Muhammad the Jaguars Most Surprising Cut?
After spending his entire rookie season on the practice squad, the talented CB showed significant improvement this offseason and looked like a roster lock. Surprisingly, the Jaguars decided to subject Muhammad to waivers.
Home health, hospice deal-making on track to soar in 2027, report predicts
Despite concerns that a federal Medicare moratorium is stifling home health and hospice growth, a new analysis predicts merger and acquisition activity in the home health and hospice sector could be poised for a strong rebound in 2027.
Panthers Set Initial 53-Man Roster For 2026 Season
The Panthers made the necessary moves to get down to 53 players on Sunday.
MSU Alum Montorie Foster Jr. Makes Seahawks’ 53-Man Roster
From substitute teaching to winning a Super Bowl, the former Spartan standout has traded his real estate aspirations for a permanent role in Seattle’s elite receiving corps.
49ers address offensive line questions with trade for Texans veteran
There’s no bigger question mark on the 49ers’ roster than the interior of the offensive line, where the competition at left guard was uninspiring and they lost the player brought...
Davenport 12-year-old grows backyard garden into produce business
What started with a small fold-out table in a Davenport driveway has grown into a business for 12-year-old Jaxon Songer.
Sunday Sports: OFA football hopes to stay dominant, plus SU football returns Saturday
Here’s a recap of your North Country sports this Sunday.
Google Maps changes Lake Ontario to ‘Lake America’ for US users after Trump order: 'It's official!'
Google Maps has updated Lake Ontario to “Lake America" for U.S. users following Trump’s executive order and the federal government’s official name change.
Contra Costa Health facing $730M deficit over next five years
Contra Costa County's health department is staring at a deficit of $730 million over the next five years because of federal and state funding cuts, county health officials said at last week's Board of Supervisors meeting.
Buffalo Bills Release Super Bowl Champion QB
The Buffalo Bills have released a longtime backup veteran QB and Super Bowl champion. The post Buffalo Bills Release Super Bowl Champion QB appeared first on HEAVY.
Trump calls for NBC’s Kristen Welker to face ‘rebuke or punishment’ from the FCC
Treating the Federal Communications Commission like his own personal enforcer, President Donald Trump said on social media Sunday that NBC’s Kristen Welker would be “reported to the FCC for rebuke or punishment” over a TV segment he didn’t like.
'College GameDay' Fans Appear To Be Turning On Kirk Herbstreit
They appear to be changing their opinion of him.
Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices
Hey all, Jason here. When this hits your inbox, I should be en route to the airport — not to go anywhere myself, just to pick up my better half. I must admit, it’s been strange to be home alone (well, with two dogs) for two weeks! Really lets me “optimize” to spending more time on reading/writing/working, whether that’s healthy or not! Looking forward to getting back into a (somewhat) more balance routine. Subscribe or Support by Upgrading Compare Notes With the People Who Built Modern Fintech Partner content: Remitly CEO Sebastian Gunningham. Increase founder Darragh Buckley. Linda Du, Co-founder & President at Valon. They’ll unpack the decisions behind building and scaling major financial products: what they got right, what broke, what they would do differently, and how AI and new infrastructure are changing the operator playbook. Most events tell you where fintech is going. NerdCon puts the people who built the present in the room and asks them what comes next. Expect an operator-led conversation grounded in real products, real trade-offs and lessons earned the hard way. Fintech Business Weekly readers save 20% on Regular tickets with code FBW20 before standard pricing ends September 11. Meet the Builders Things To Know & Other Good Reads Advent and Stripe Abandon $50 Billion Pursuit of PayPal (Bloomberg) Trump Family’s New Crypto Bank Is Backed by Abu Dhabi Sheikh (Wall Street Journal) The multiplying risks of financing data centres (FT) Let the Bond Market Speak (Wall Street Journal) Did we waste a crisis? Modest proposals to reform deposit insurance. (Fintech Takes Banking) Untangling Guggenheim: How Private Credit Built Its Own Universe (Net Interest) The Hater’s Guide To Circular Financing — Part One (Ed Zitron) Fiat Ventures Rebrands to FGV Capital, Announces $35M Oversubscribed Fund II (BusinessWire) Socure Announces Strategic Growth Investment at $5.2B Valuation and Acquires Agentic Operations Platform Fravity (Socure) Listen: When Consumer Protection Disclosures Work Too Well (Consumer Finance Monitor Podcast) Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices When Andreessen Horowitz led EarnIn’s $39 million Series B in 2017, Alex Rampell, a partner at the storied venture capital firm, described EarnIn’s small-dollar advance product as “free,” relying on “entirely on voluntary contributions instead of fees.” Rampell favorably compared EarnIn’s approach to typical payday loans, writing, “Payday loans historically have had the potential to be a slippery slope for consumers into financial distress: opaque systems and steep fees that are hard to repay and set individuals back further than where they started. For many Americans living paycheck to paycheck, that kind of slide into debt can be extremely difficult to recover from.” But EarnIn’s product — which, the company says, isn’t a “loan,” legally speaking — ends up being anything but free for most users. While it is technically possible to take a no-fee advance from the company, most users incur “Lightning Speed” (instant funding) fees and/or ostensibly optional tips that combined can equate to annualized percent rates that can reach over 1,000%. With an average term of 9.77 days, even fees and tips that are small on an absolute dollar basis are equivalent to high APRs on an annualized basis. A lawsuit filed last week by Colorado Attorney General Phil Weiser against EarnIn describes the company and its product and business practices quite differently than Andreessen’s Rampell; “EarnIn’s business practices are unfair because they are immoral, unethical, oppressive and unscrupulous,” the complaint, filed in District Court in Denver, Colorado, says. EarnIn’s marquee product, Cash Out, isn’t a loan, the company says, as Cash Out is not “[f]orward [l]ooking” because “[t]he money is transferred based on earnings to date,” does not carry a mandatory fee to access funds, and is “non-recourse,” meaning EarnIn cannot pursue recovery from users who don’t repay advanced funds. EarnIn is sometimes referred to as an “Earned Wage Advance” service. Though, unlike some others in the broader category, EarnIn does not integrate with employers’ payroll or time and attendance systems. Rather, EarnIn attempts to verify a user’s income and employment, by examining direct deposit transaction data in their linked external bank account, by using GPS location and Bluetooth data to estimate a user’s time spent at work, if they work in a fixed location, and/or by having a user provided a work email address. While repayment is theoretically optional, as EarnIn would have no recourse, such as reporting non-payment to the credit bureaus or a collections agency, this is anything but clear to users of the EarnIn app, Colorado’s complaint argues. During the process of taking a Cash Out, users must agree to a preauthorized debit of the amount advanced, plus any expedited funding fee and/or tips. Though users technically can revoke this ACH authorization, the fact that they have this right isn’t presented to users during the Cash Out process, but rather is included in linked terms and conditions few users are likely to actually read. And users who do wish to revoke their ACH authorization must do so three or more days before the scheduled transaction date by emailing EarnIn’s customer support. Similarly, EarnIn’s marketing claims that it carries “no interest” and “no mandatory fees” is technically true, but is not the reality for many of the app’s users, the Colorado complaint argues. Further, EarnIn has extensively marketed to users the ability to “access your pay today,” to get “instant” funds, and to get funds “the same day you work” — when, in reality, this speed of access was only possible by paying the additional, undisclosed Lightning Speed fee. The Colorado complaint highlights this contradiction specifically, noting: EarnIn tells consumers that they can ‘Make any day payday with EarnIn’ and that there no ‘hidden’ or ‘mandatory fees.’ For a consumer to access their pay on the same day requested, they would have to pay the Lightning Speed fee. In the fine print of the advertisement EarnIn discloses that ‘[f]ees apply to use Lightning Speed,’ a direct contradiction to the larger text of the advertisement, and a fact that would not be immediately understood by a consumer as ‘Lightning Speed’ is not defined nor explained. Like other small-dollar lending services, rather than explicitly charge interest, EarnIn collects a markup on the optional Lighting Speed fee, which, given the nature of the transactions, many users opt for, as well as offering users the option to leave “tips.” EarnIn leverages either Real-Time Payments (RTP) rails or push-to-card via debit rails if a user opts for the optional Lightning Speed. But while these capabilities cost EarnIn, on average, $0.075 or $0.20 per transaction, respectively, EarnIn charges users significantly more. Initially, EarnIn charged as little as $1.99 for Cash Outs up to $24. But EarnIn has hiked these fees multiple times, and now charges $4.99 for Cash Outs up to $75 and $6.99 for those over $75. According to the Colorado complaint, EarnIn leverages “dark patterns” to manipulate users and to make it more difficult to avoid tipping. Examples of these “road blocks” highlighted in the complaint include: As of 2023, in the EarnIn app, a consumer attempting to get a loan under the default settings had to make at least eighteen separate taps to complete the transaction and reduce the tip to $0. There is an alternative method to leave a $0 tip, via the “Custom tip” feature, but EarnIn made this option difficult to access by visually deemphasizing it and positioning it near devices’ “home” button. Using language and imagery such as “Tip to pay it forward,” “Your generosity supports the service + helps,” “Your tips make a difference,” and “[t]he APR for this cash out is 0%. Your tips help support us.” While Lightning Speed and tipping are, in theory, both optional, in practice, users nearly always ended up paying something. According to the Colorado suit, users were charged either a tip or an expedite fee for more than 92% of transactions, with an average APR of nearly 388%. And, although the advances are “non-recourse,” EarnIn successfully collects on nearly all transactions — 99.18%, according to the complaint, which, Colorado argues, “demonstrat[es] that EarnIn’s advances function as high cost loans, not voluntary payments.” The share of EarnIn users incurring fees — despite the product being marketed as 0% APR — is hard to reconcile with Andreessen investor Rampell’s favorable description of EarnIn vs. “opaque systems and steep fees” associated with payday loans, which, Rampell says, can be “extremely difficult” for borrowers to extricate themselves from. According to Colorado’s suit, EarnIn’s Cash Out product “trapped many consumers in extreme cycles of high-cost reborrowing.” The suit gives an example of one consumer in the state, who took out a whopping 1,151 loans, paying a total of $4,038.50 in Lightning Speed expedited funding fees on loans that averaged the equivalent of 1,421% APR. Another Colorado user, the suit says, took out 1,033 loans, paying $8,561.22 in tips and fees at an average APR of 1,539% . These types of usage patterns demonstrate “the severe and repeated financial harm caused by EarnIn’s illegal lending model,” the Colorado complaint argues. In aggregate, from January 2023 through July 2025, EarnIn extended 3.1 million loans to 56,778 users in Colorado — an average of nearly 55 transactions per person during the time period. EarnIn lent more than $300 million and collected more than $16 million from Colorado users in Lightning Speed fees and in tips. Ultimately, the Colorado complaint argues that “EarnIn’s Cash Outs are loans under Colorado law, and EarnIn’s contention that its product is not a loan based on its disclaimer of any legal repayment obligation lacks any real-world significance given how the Cash Out transactions actually operate in practice.” Colorado further argues that “EarnIn was not working with companies here in providing consumers with funds but acted as a third-party lender and charged illegally high rates, used deceptive design strategies to extract some charges, and trapped consumers in repeat borrowing. Colorado will continue to stand up for consumers and hold companies accountable when they violate our credit laws or attempt to evade them through misleading practices.” Colorado’s suit alleges EarnIn assesses finance charge in excess of that permitted by Colorado law, that EarnIn failed to make legally required disclosures to Colorado borrowers, that EarnIn made supervised loans to consumers without obtaining the requisite license, that EarnIn violated the state’s Deferred Deposit Loan Act, that EarnIn engage in unfair and deceptive trade practices, and that EarnIn made false or misleading statements concerning price. The suit seeks a court order enjoining EarnIn from violating relevant Colorado laws, for EarnIn to refund amounts charged in excess of state law, fees, costs, and penalties, and other relief the court deems to be just. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Q2 Quarterly Banking Profile: Five Quick Takeaways The FDIC released its quarterly banking profile, which is always worth a read, for the second quarter. The profile provides an aggregate snapshot about the overall health of the 4,238 institutions whose deposits are insured by the FDIC, who, collectively, hold more than $26 trillion in assets and saw a total net income of more than $90 billion in the second quarter. Net income was up 12% vs. Q1 2026, with lower provisions and realized gains on securities helping to drive the improvement, somewhat offset by increases in non-interest expense and applicable income taxes. Overall net interest margin was basically flat quarter over quarter (up 1 basis point vs. Q1 2026), though community banks saw NIM grow by 10 basis points, to 3.81%. Unsurprisingly, given that interest rates haven’t changed, unrealized losses on securities changed little, edging up slightly to $326.7 billion vs. $325.1 billion in Q1 2026. Aggregate credit quality has remained benign, with asset quality actually improving slightly in Q2. Overall, institutions reported a 9 basis point decline in their past-due and non-accrual rate, to 1.44%. Net charge off rate also declined by 2 basis points, to 0.57%. And finally, the FDIC’s deposit insurance fund stands at $161.1 billion, making the DIF reserve ratio 1.48% — above the statutory minimum of 1.35%, but still below the designated target reserve ratio of 2%. [Paid Subscriber Exclusive] Nissan Withdraws ILC App, State Associations Plan BankChain Alliance, FDIC Defines “Unsafe or Unsound Practice” For First Time Automaker Nissan withdrew its application to charter a Utah industrial loan company and its corresponding application to the FDIC for deposit insurance last week, on August 19th. Nissan’s application had been outstanding for more than a year, as it originally applied in June 2025. Recent applications to the OCC to form national banks have been decisioned, one way or the other, substantially more quickly than has historically been the case.
Research projects in the Pacific Northwest’s experimental forests face funding uncertainty
A reorganization of the U.S. Forest Service and threats to federal funding could affect ongoing research in the Pacific Northwest.
Federal cuts lead to growing burden on Cook County health system, taxpayers
Cook County’s sprawling safety net health system is counting on the county board to fill a budget gap of $40 million this year or face potential service cuts.
How Josh Kushner became the newest owner of the L.A. Lakers
How Josh Kushner rose to became the newest owner of the L.A. Lakers
Smart ring reads your sweat to measure glucose, ketones, and more
Smart rings are everywhere: smart rings that can record your verbal notes and send them to your cellular telephone for transcription, smart rings that let users pose questions to AI and get answers via earbuds, and smart rings that help athletes reach their peak performance.
Linn County clinic shows sports are for all abilities
People were able to see what different adaptive programs could offer
BVB's Champions League matches scheduled
BVB schedule at a glanceAdvance ticket sales for members begin next Tuesday, September 1, at 12 p.m. in the online ticket shop.
Green Bay Packers Cut Former Saints DB Before Roster Deadline
The Green Bay Packers made one of their initial roster moves after finishing the preseason, and it ended one of the shortest stays on their summer roster.The Packers announced Saturday that they had signed veteran tight end Jonnu Smith and released safety Tra Fluellen. KPRC 2 NFL insider Aaron Wilson also noted the corresponding moves […] The post Green Bay Packers Cut Former Saints DB Before Roster Deadline appeared first on HEAVY.
Former Edmonton mayor lobbying for Oilers Entertainment Group
OEG seeking funding from federal housing ministry, DND for Village at Ice District housing
Seahawks Officially Sign CB Terrion Arnold
Arnold has officially signed with the Seahawks, but don't expect him to play anytime soon.
Saturday Sports: High school football is right around the corner
Here’s a recap of your North Country sports this Saturday.
Game 136: White Sox at Twins
First Pitch: 1:10 pm CDTTV: Twins.TVRadio: TIBN / WCCO 830 / The Wolf 102.9 FM / Audacy In the hugely anticipated sequel to last night’s game, the Twins will be facing the Chicago White Sox again this afternoon. That’s right — the Minnesota faithful were left begging for more, and you know what? The squeaky […]
Will the Seahawks win the NFC West in 2026?
The Seahawks were forecasted by Bleacher Report to finish second in the NFC West in 2026 with a worse record than the one they had last season.
Infrastructure Summit and Fed reports: D-FW Business Datebook
The North Texas Commission hosts Infrastructure Summit with regional mayors, builders and state transportation officials. It's among several key business events in Dallas-Fort Worth this week.
Fed Chairman Warsh shows courage with Jackson Hole speech, defying political pressure, says Harvard's Rogoff
Ken Rogoff said Warsh made it clear that if the inflation data didn't improve, he's going to hike interest rates.
49ers beef up crucial position in new 2027 mock draft
The 49ers might need to take an offensive lineman in the first round for the first time since 2018.
Trump cuts to science advisory boards have long-lasting consequences, researchers say
The federal government recruits top experts to volunteer to advise on pressing research issues of the day. Since President Trump took office, hundreds of these experts have been dismissed.
“Fee Free Tuesdays” introduced by AEG Presents Las Vegas
AEG Presents Las Vegas is offering live entertainment fans an all-new weekly deal they’re calling “Fee Free Tuesdays” for performances at The Theater at Virgin Hotels Las Vegas, Resorts World Theatre ...
DOJ: Federal jury convicts Jefferson County business owner of COVID relief fraud
Federal authorities say a Jefferson County business owner could spend decades in prison after he was found guilty of committing pandemic relief fraud.Prosecutor
Federal judge blocks Trump mail-in voting rule challenged by WA
The coalition of 25 states now seeks a preliminary injunction to stop the rule from taking effect while the lawsuit proceeds and until a final court decision is made.
Trump says U.S. has entered deal with Venezuela to control 65 billion barrels of its oil reserves
The announcement of the deal comes nearly nine months after the U.S. military at Trump’s direction carried out an operation to capture Venezuela’s president Nicolás Maduro and spirit him to the United States to face federal narcoterrorism and drug trafficking charges.
3 waiver claim candidates for the Bengals during final cuts
Cameron Williams is a young prospect at tackle that could become available this weekend.
Hovland and Gerard share lead at Tour Championship
Norway's Viktor Hovland and American Ryan Gerard led a crowded field chasing the PGA Tour Championship's $10 million top prize Friday at the final event of the FedEx Cup playoffs.Gerard, who has one PGA Tour victory to date and is playing in his first Tour Championship, made six birdies, including an epic 78-foot putt that rolled the length of the seventh green.
Texas Politics Project director discusses new poll results, Senate race and data center opinion
Colorado leaders cheer court decision to block Trump’s mail ballot order in a ruling that’s likely to be swiftly appealed
A federal judge on Thursday halted — at least for now — attempts to implement President Donald Trump’s executive order that seeks to restrict the mailing of ballots to American citizens on an eligible voters list. The move stalled the directive for a second time only about a week before the first mail ballots are […]
Judge rejects Trump’s newest bid to fight hush money conviction in federal court
A federal judge again denied President Donald Trump’s legal effort to get his New York state criminal hush money case moved to federal court, a move that could have made it easier to reverse his conviction.
Federal Rule Change Denies Immigrant Businesses Access to Guaranteed Loans
Businesses owned by immigrants, including green card holders, have been deemed ineligible for federal Small Business Administration loan support. Commercial corridors across the country are already feeling the effects of this ill-conceived policy change.
Federal Rescheduling Sets The Stage For Marijuana Business Acquisitions As Pharma And Ag Firms Eye Industry (Op-Ed)
“The practical question isn’t whether this is something to celebrate, it’s whether your business is positioned to be a consolidator, an attractive acquisition target or something different.” By Christopher B. Lynch, Dickinson Wright PLLC There are a lot of rumors and misinformation out there about what the April 23 federal marijuana rescheduling order means. Some […]
Judge again blocks Trump mail ballot executive order in ruling that’s likely to be swiftly appealed
A federal judge on Thursday halted — at least for now — attempts to implement President Donald Trump’s executive order limiting mail voting.
A new poll suggests Republicans could flip New Hampshire, but is it reliable?
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Camden Brown represents strong Cowboys tradition
The Cowboys have a very strong history of UDFAs making the roster
‘Housewives’ Star Jen Shah Finishes Federal Prison Sentence: “I Feel Blessed. I Feel Free” (Exclusive)
The former 'Real Housewives of Salt Lake City' star shares a statement with THR about her release: "For a very long time, I wasn’t in a position to speak for myself while my story continued to be told...
Oklahoma officials outline progress on Rural Health Transformation Program initiatives
The update comes as Oklahoma prepares to enter the second budget period of a five-year federal funding opportunity meant to transform rural health.
‘So much fringe science’: RFK Jr’s advisers are pushing an extreme makeover in autism research
Experts warn the 336-page plan from RFK Jr’s advisers deflects federal dollars into unreliable alternative therapies
Red Bull hands F1 test to protege as it assesses Racing Bulls driver line-up
Nikola Tsolov has completed his first F1 test, driving for Racing Bulls at Imola, while Liam Lawson was on Pirelli tyre test duty for Red Bull at Mugello
Another federally qualified health center is coming to Coatesville in 2027 — this time inside of a high school
Union Community Care’s school-based community health center would be the first of its kind in Chester County.
Democrats aim to emulate Republicans in building state power
A growing number of progressive groups looking to combat the influence of conservative groups. Experts say the left has years of work ahead if it wants to match the prowess of the organized right. But the second Trump administration has rallied Democrats across the states seeking to oppose federal policies.
Fed Chairman Kevin Warsh faces pressure to show his hand
Federal Reserve Chairman Kevin Warsh is set to deliver his biggest speech yet on Friday, but investors may not hear what they want.
Troops, taxes, war dominate Colorado’s 5th CD debate between Jeff Crank, Jessica Killin
Republican U.S. Rep. Jeff Crank and Democratic challenger Jessica Killin on Thursday night clashed over the war in Iran, the federal budget and healthcare when they took the stage in Colorado Springs for a sold-out debate in the race to represent Colorado’s 5th Congressional District. The debate, which came just over five weeks before general […]
Judge blocks Trump’s Postal Service regulation on mail-in ballots
A federal judge issued a temporary restraining order that prevents the Postal Service from inserting itself into the election process while litigation continues.