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First Citizens Bank to buy Silicon Valley Bank deposits and loans

Author March 29, 2023

First Citizens Bank & Trust Co will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday, just

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Categories Business

Binance and founder Changpeng Zhao sued over accusations of trading rules violations

Author March 28, 2023

The Commodity Futures and Trading Commission filed a complaint against crypto exchange Binance, its co-founder, Changpeng Zhao, and its former chief compliance

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Categories Business

Disney World strikes deal with union workers to raise the minimum wage to $18 an hour

Author March 28, 2023

ORLANDO, Fla. — Unions for service workers at Walt Disney World reached a tentative deal with the company on Thursday that would

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Categories Business

Hyundai and Kia are recalling more than half a million vehicles because of fire risk

Author March 25, 2023

DETROIT — Hyundai and Kia are telling the owners of more than 571,000 SUVs and minivans in the U.S. to park them

Categories Business

U.S. isn’t considering ‘blanket insurance’ for bank deposits, Yellen says

Author March 24, 2023

WASHINGTON — Treasury Secretary Janet Yellen said on Wednesday that the Federal Deposit Insurance Corporation (FDIC) was not considering providing “blanket insurance”

Categories Business

Fed raises interest rates by a quarter-point, keeping inflation in crosshairs

Author March 24, 2023

The Federal Reserve is raising its key interest rate by 0.25%, continuing on its crusade against inflation while warning that recent instability

Categories Business

The Camaro is about to drive off into the sunset, GM says

Author March 24, 2023

DETROIT — The Chevrolet Camaro, for decades the dream car of many teenage American males, is going out of production. General Motors, which

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Categories Business

New York Community Bank to buy failed Signature Bank

Author March 23, 2023

New York Community Bank has agreed to buy a significant chunk of the failed Signature Bank in a $2.7 billion deal, the

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Categories Business

Amazon to lay off 9,000 more workers

Author March 23, 2023

Amazon will lay off 9,000 more employees, CEO Andy Jassy said in a memo to staff on Monday. The cuts are on top of

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Categories Business

Fed raises interest rates by a quarter point, keeping inflation in crosshairs

Author March 23, 2023

The Federal Reserve is raising its key interest rate by 0.25%, continuing on its crusade against inflation while warning that recent instability

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