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Americans are going all-in on cash. That could spell more trouble

In the wake of Silicon Valley Bank’s collapse and subsequent banking meltdown, cash is king. The turmoil inflicted on financial markets has sent cautious investors running away from volatile markets a...

  • 1 year ago
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British pound plummets to record low against the dollar

The slide came as trading opened in Asia and Australia on Monday, extending a 2.6% dive from Friday — and spurring predictions the pound could plunge to parity with the US dollar in the coming months....

  • 1 year ago
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How Twitter has been shaken by a whistleblower's allegations

New York (CNN Business)In the days since it was first reported that former Twitter head of security Peiter "Mudge" Zatko had filed an explosive whistleblower disclosure, the company has had to confron...

  • 1 year ago
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Musk tells Twitter he wants out of deal to buy it. Twitter says it will force him to close the sale

New York (CNN Business)Elon Musk moved Friday afternoon to terminate his $44 billion deal to buy Twitter — the latest twist in a whirlwind process in which the billionaire Tesla CEO became the company...

  • 1 year ago
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Wall Street Sinks into Bear Market, Recession Possible as Americans Dip into Savings Just to Pay Soaring Bills

WASHINGTON – After a dismal start to the week on Wall Street, there are growing fears a recession could be coming, and a big decision anticipated Wednesday from the Federal Reserve is causing even mor...

  • 1 year ago
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