Amazon could be the largest retailer in 2024, according to a report while FTX is suing former disgraced CEO Sam Bankman-Fried to retrieve funds. And the Directors Guild of America members voted in favor of a new contract.
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Wall Street’s week of turmoil closed with drops for stocks. The S&P 500 fell 1.1% Friday, led by drops in First Republic and other banks.
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Cash-short banks have borrowed about $300 billion from the Federal Reserve in the past week, the central bank announced Thursday.
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The global bottled water industry is booming, and it's coming at a steep environmental cost, according to the United Nations University Institute for Water, Environment and Health.
Sanofi Joins Other Drugmakers in Slashing Price of Insulin
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Big Banks Create $30B Rescue Package for First Republic
Eleven of the biggest U.S. banks Thursday announced a $30 billion rescue package for First Republic Bank in an effort to prevent it from becoming the third to fail in less than a week and head off a broader banking crisis.
