(Reuters) -The U.S. Securities and Exchange Commission is investigating the conduct of First Republic Bank executives before the government seizure and sale to JPMorgan Chase & Co, Bloomberg News[...]
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May 5, 2023
Walmart keeps grocery prices steady amid inflation, antitrust claims
By Siddharth Cavale NEW YORK (Reuters) – A new analysis of Walmart’s pricing strategy reveals it has consistently kept grocery prices lower than competitors while generally hiking prices a[...]
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Binance faces US probe of possible Russian sanctions violations – Bloomberg News
(Reuters) -The U.S. Justice Department is investigating whether Binance Holdings was illegally used to let Russians skirt U.S. sanctions and move money through the cryptocurrency exchange, Bloomberg N[...]
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Lyft rattles Wall Street as margins suffer in race with Uber
By Aditya Soni (Reuters) -Lyft Inc shares tumbled about 19% on Friday as the ride-hailing company’s strategy to claw back market share from rival Uber with lower fares stoked concerns of a hit t[...]
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Fed’s Bullard: ‘Open mind’ on June meeting, though rates still may need to rise
By Howard Schneider WASHINGTON (Reuters) – St. Louis Federal Reserve President James Bullard said on Friday he was ready to keep an “open mind” about whether to raise rates or hold t[...]
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Dollar dips against euro as jobs gains offset by negative revisions
By Karen Brettell NEW YORK (Reuters) – The dollar gave back earlier gains against the euro but stayed stronger against the yen on Friday after jobs gains and wage growth for April beat economist[...]
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AIG postpones Corebridge stock sale as banking fears fuel volatility
(Reuters) – American International Group Inc said on Friday it had delayed a secondary share sale in its life insurance and retirement business unit due to heightened market volatility fueled by[...]
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Oil prices jump but post third straight weekly fall on economic woes
By Arathy Somasekhar HOUSTON (Reuters) -Oil prices rose on Friday but fell for the third straight week after a sharp fall earlier this week ahead of benchmark interest rate rises and on concern that t[...]
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Florida legislature approves bill allowing board to cancel Disney deals
(Reuters) – Florida’s Senate on Thursday passed a bill that will allow a tourism board appointed by Governor Ron DeSantis to cancel development agreements its predecessor body signed, the[...]
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