Plus, Post Malone's Raising Cane's is a celebrity seeker's — as well as a chicken lover's — paradise.
Good morning. Today’s temperatures: Logan: 36 - 65° 🌤️ | 10% 💧 Salt Lake City: 45 - 72° 🌤️ St. George: 53 - 85° ☀️ Hi there. I'm Brigham L. Tomco (not to be confused with my uncle Brigham S. Tomco) and I'll be taking over as head writer of the Utah Today newsletter. Utah is my home. I grew up skiing and camping in our mountains, dreading drives on I-15 and ordering fast food just for the fry sauce. This Friday I graduate from BYU's journalism program but I have been writing for the Deseret News since last summer. Needless to say, I love our Utah community and look forward to helping that community stay on top of the latest news and engage in conversations about today's most pressing issues. With that introduction, here's what has been on our minds: what the data says about Gen Z's increased levels of loneliness and depression, Lake Powell could rise 50 to 90 feet over the next few months and Utah players in the NFL draft. |
| Zions pushes back on Moody’s report as U.S. banking industry faces ongoing challenges |
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| | The stability of the financial sector has as much to do with perception as it does about economic realities. Early last month when California-based Silicon Valley Bank and New York’s Signature Bank both failed due to a social media-induced bank run, regional banks across the country saw their stocks plummet. Following these bank failures, the stock price of Zions bank dropped 44% in one day. However, despite the quick recovery of Utah's oldest bank, the repercussions of March's monetary madness continue to be felt. Last Friday, one of the country's largest credit reporting agencies, Moody’s, issued downgrades to 11 U.S. banks, including Zions. The rating agency said strains in the way banks are managing their assets and liabilities are becoming “increasingly evident,” and are pressuring profitability. Zions Bancorporation director of investor relations James Abbott pushed back, saying that Zions had contingency plans in place to navigate the industrywide upheaval that followed the shutdowns that were working “nearly flawlessly” through the second half of March. |
Find out why Zions says the downgrade never should have happened. |
| Utah receives its fair share of celebrities every winter during the Sundance Film Festival. But it's not often we get a celebrity-themed, salmon-pink fried chicken joint designed by one of the few celebrities who have chosen to call Utah home. The newly opened Raising Cane's at 890 Fort Union Blvd. in Midvale, was custom designed by Post Malone, an award winning rapper who moved to Utah four years ago. The new location features a number of Malone's performance outfits and guitars, and — according to Meg Walter — is the perfect place to reflect on the irresistible draw of celebrity culture. Read more about why Meg wasn't disappointed about her celebrity-less visit to the new Raising Cane's. More in Culture Carrie Fisher to receive a star on the Hollywood Walk of Fame 6 years after her death (Deseret News) A deeper look inside some of Gen Z and millennials’ cult favorites (Deseret News) | Politics Romney chairs Senate hearing on lessons learned from Boston Marathon bombings 10 years ago (Deseret News) Republican debt ceiling bill passes House, with support of 4 Utah congressmen (Deseret News) Gov. Cox responds to ambush about a ‘smart city’ conspiracy (Salt Lake Tribune 🔒) Opinion Sharlee Mullins Glenn: 5 people shot for being in the wrong place. What are we doing about it? (Deseret News) Jay Evensen: Sports leagues and gambling — a road to disaster (Deseret News) Faith Women just gained the right to vote at an upcoming meeting of Catholic bishops (Deseret News) In the face of doubts, make Jesus Christ your foundation, Church historian and recorder tells BYU–Idaho students (Church News) Amid threats, California lawmaker calls bill barring caste discrimination ‘right thing to do’ (Religion News Service) Health Gen Z and mental health: A lesson in generational despair (Deseret News) For migrant children who cross the border alone, a new set of challenges getting health care awaits (Texas Tribune) Environment Lake Powell could rise 50 to 90 feet over the next few months (KSL) Wet winter is a 'gift,' but Utahns still need to conserve water, Cox says (KSL) New river cameras will allow Utahns to monitor real-time flooding (FOX 13) Business Utah businesses face a complicated environment for tech partnerships with Israel (Utah Business) Hypercraft is accelerating the adoption of electric vehicle propulsion (Utah Business) Grand County Man charged with attempted murder in attack on 2 Moab dog walkers (KSL) Body of Colorado man found in remote part of Canyonlands National Park (KSL) Salt Lake County 2 detained after female juvenile killed in Salt Lake City shooting (Fox 13) The World Taliban killed ISIS-K leader who planned deadly Kabul airport attack (Deseret News) Sports What are realistic expectations for BYU players in this week’s NFL draft? (Deseret News) Kalani Sitake’s Big 12 recruiting strategy — trust, results and the NFL (Deseret News) ‘He’ll be phenomenal’: Why this Utes coach believes Clark Phillips III will be a hit in the NFL (Deseret News) Southern Utah's Drake Allen is coming home, commits to Utah Valley (KSL) | That's all for today. Check your inbox tomorrow morning for more news from the Beehive State and beyond! And reply to this email or email newsletters@deseretnews.com to tell us what you think of Utah Today! — Brigham |
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