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West Coast States Rode the Tech Boom. Now They Face High Unemployment, Falling Wages.

June 4, 2023 / no comments

Workers and small businesses in California, Oregon, and Washington state are feeling the economic chill after tens of thousands of tech layoffs.

Wall Street Backs Off Bets on Fed Rate Cuts

June 4, 2023 / no comments

Strength in the economy has wrong-footed bets that the Fed will make large rate cuts this year, potentially undermining a key element of support for the 2023 stock rally.

Cash management is top of mind with recent bank failures

June 4, 2023 / no comments

With the recent collapses of Silicon Valley Bank and others, wealth managers are helping clients get the most out of their cash.

With Prince Harry to Testify in Hacking Case, Royals Prepare to Cringe

June 4, 2023 / no comments

A media spectacle will unfold this week as the prince prepares to take the stand against newspapers he says invaded his privacy by hacking his cellphone.

Big Banks Could Face 20% Boost to Capital Requirements

June 4, 2023 / no comments

Those relying on fees might need bigger buffers to absorb losses under planned rules.

India Funds New Trains Ahead of Safety Improvements, Analysts Say

June 4, 2023 / no comments

Train travel in the country has gotten much safer, Friday’s disaster notwithstanding, but the government still puts high-profile projects ahead of basic safety improvements, analysts say.

Macron Faces Fresh Test as Outlook for French Finances Dims

June 4, 2023 / no comments

S&P Global restated a negative outlook for France’s ability to repay mounting debt. Two other ratings agencies have lowered their views in recent weeks.

Allstate Is No Longer Offering New Policies in California

June 4, 2023 / no comments

Like State Farm, which announced a similar move last week, Allstate cited worsening climate conditions that had made doing business there difficult.

Hollywood Studios Make Peace With Directors in Tentative Labor Deal

June 4, 2023 / no comments

The pact, which requires approval by the board of the Directors Guild of America, comes in the second month of the writers’ strike.

Hundreds Were Mistakenly Told They Might Have Cancer, Test Company Says

June 4, 2023 / no comments

Grail, which makes a blood test for cancer, said a vendor’s software issue caused inaccurate letters to be sent to about 400 customers last month.

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