Investing
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Dan Snyder agrees to sell NFL’s Washington Commanders to 76ers owner Josh Harris
Dan Snyder has agreed to sell the NFL’s Washington Commanders to a group led by Josh Harris and Mitchell Rales, the team announced on Friday. The deal values the team at $6 billion, according to reports from ESPN and NFL Network. “We are very pleased to have reached an agreement for the sale of the…
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U.S. bank deposits decline for second straight week
The numbers: Deposits at commercial U.S. banks declined in the week ended May 3, according to the Federal Reserve on Friday. Deposits fell to $17.15 trillion from $17.16 trillion in the prior week, the Fed said. There has been a steady erosion in deposits as interest rates have risen. A main reason is that money-market…
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George Soros bet on railroads, fitness, gig economy and lightened load on Disney, Amazon, dumped Tesla
George Soros’s Soros Fund Management placed new bets on railroads and the gig economy during the first quarter, recalibrated its holdings in a struggling media industry and dumped electric-vehicle maker Tesla Inc. During the first quarter, the fund scooped up 363,483 shares of railroad operator CSX Corp. CSX, +0.09%, according to a filing. The fund…
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‘Am I heartless?’ My husband’s business collapsed and we sold our house. He left home to sell real estate, but failed. Should I bail him out?
My husband lost his business many years ago, and we had to sell our house to pay off his debt. I had a part-time job then because I needed to take care of our two young children. My husband stopped bringing in any income. A few times, he gave me money, but the source was…
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The regional-bank crisis did not appear over on Thursday
While prominent gurus in the financial world have declared the end of the regional banking crises after the failure for four large regional banks, depositors and shareholders of those banks don’t necessarily agree. As baseball Hall of Famer Yogi Berra once said, it ain’t over until it’s over. And the banking crisis still has legs,…
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Two-month T-bill rate leads drop in yields as debt-ceiling impasse drags on
Treasury yields finished mostly lower on Thursday, led by a decline in the 2-month rate, as traders weighed debt-ceiling concerns against signs of moderating inflation. What happened The 2-month T-bill rate was 4.539% as of 3 p.m. Eastern time, down 43.4 basis points from Wednesday’s close of 4.973%, according to Tradeweb. Thursday’s level is the…
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New skin patch for peanut allergies shows promise: ‘this would fill a huge unmet need’
An experimental skin patch may soon allow increased protection for toddlers who are allergic to peanut, according to a new study in the New England Journal of Medicine. The patch, named Viaskin, is coated with a small amount of peanut protein that is absorbed into the skin and would offer some protection of an accidental peanut…
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Elon Musk says he’s hired new CEO for Twitter; is it NBCUniversal’s Linda Yaccarino?
Twitter Chief Executive Elon Musk says he’s found a new CEO to run Twitter and its parent company, X Corp., and “she” starts soon. “Excited to announce that I’ve hired a new CEO for X/Twitter. She will be starting in ~6 weeks!” Musk tweeted Thursday afternoon. “My role will transition to being exec chair & [chief technology officer],…
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Mamma mia, here they go again. War and inflation on the pricey road to Eurovision Song Contest in 2023.
It’s the biggest and strangest live-music event on the planet, and the odds are pointing to Sweden as the hot favorite to win Eurovision Song Contest on Saturday, after Åkersberga-native 2012 victor Loreen cruised to the finals with the love ballad “Tattoo.” That may help put history on the side of the six-time-champion country that…
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Dow suffers fourth straight fall as Disney sinks; regional bank woes back in spotlight
U.S. stocks closed mostly lower on Thursday, with the Dow Jones Industrial Average leading the way down as disappointing earnings from Disney weighed on the blue-chip gauge, while investors grappled with another selloff in shares of regional banks and the threat of a U.S. debt default. How are stocks trading The Dow Jones Industrial Average…