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SpaceX falls for third day, erases $600 billion in market valueSpaceX shares have seen a significant drop, losing hundreds of billions in value over three days. This decline follows the company's announ...- S&P downgrades multiple US banks on growing liquidity worriesA sharp rise in interest rates by the U.S. Federal Reserve is fueling liquidity concerns as costs tied to funding deposits surge, the S&P s...
- Freight costs fueled inflation. Can they dampen it now?On the demand side, monthly imports peaked at a record $351 billion in March and slid to $330 billion in July.
- Old warhorse beats Tesla and meme stocks on Wall StreetThe cyberattack on Colonial Pipeline Co.’s fuel distribution line along the U.S. Eastern Seaboard didn’t do much damage to refining stocks,...
- Indian-American named President, CEO of Bank of the WestIndian-American Nandita Bakshi has been appointed the President and Chief Executive Officer of Bank of the West, a unit of French banking g...
- Colonial BancGroup shut down by federal officialsThe FDIC has approved the sale of Colonial's $20 billion in deposits and about $22 billion of its assets to BB&T Corp. US mortgage crisis |...
- US Treasury injects $165 bn capital to 88 fin institutionsThe US Treasury has pumped in a whopping 165 billion dollars in fresh capital to 88 financial institutions across the country. Countries in...
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