Category: Business

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UBS Agrees to Buy Rival Credit Suisse to Shore Up Global Market

In a deal brokered by the Swiss government, Switzerland’s largest bank will buy its smaller rival for about $3.2 billion.  » mehr lesen

Hedge Funds That Bet on Credit Suisse Rescue Face Uneven Results

Among the funds to bet on the rescue deal were two that specialize in buying the bonds of companies on the brink of bankruptcy.  » mehr lesen

Federal Reserve and Global Central Banks Act to Shore Up Dollar Access

America’s central bank and its counterparts around the world are rushing to cushion markets against the impact of bank problems.  » mehr lesen

Before Collapse of Silicon Valley Bank, the Fed Spotted Big Problems

The bank was using an incorrect model as it assessed its own risks amid rising interest rates, and spent much of 2022 under a supervisory review.  » mehr lesen

The Week in Business: A Banking Crisis

Meta conducts another round of layoffs. Fresh inflation data shows price increases remain stubborn. And TikTok’s C.E.O. will testify before Congress this week.  » mehr lesen

Businesses in Phoenix Struggle As Homelessness Crisis Continues

As homelessness overwhelms downtown Phoenix, a small business wonders how long it can hang on.  » mehr lesen

Frozen Strawberries Sold at Costco and Trader Joe’s Recalled Over Hepatitis A Risk

The products, which were sold at Trader Joe’s, Costco, Aldi and other retailers, have been linked to five cases of illness, a federal agency said.  » mehr lesen

Sandy Hook Families Are Fighting Alex Jones and the Bankruptcy System Itself

As the families seek more than $1.4 billion awarded by courts for Mr. Jones’s lies, a New York Times review shows he is transferring millions of dollars to family and friends, potentially...

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