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FDIC Sells Failed First Republic Bank to JPMorgan
FDIC Sells Failed First Republic Bank to JPMorgan
May 01, 2023  |  Banking

After weeks of creeping to the edge of collapse, First Republic Bank is no more. Regulators seized control of the struggling California lender over the...

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Rep. McHenry: House Crypto Legislation Is Weeks Away
Rep. McHenry: House Crypto Legislation Is Weeks Away
April 30, 2023  |  Cryptocurrency

The head of the House Financial Services Committee expects to soon put forth cryptocurrency legislation. Rep. Patrick McHenry, R-N.C., told an audience at CoinDesk’s Consensus...

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China Seeks Spike in Travel and Shopping Following Pandemic
China Seeks Spike in Travel and Shopping Following Pandemic
April 30, 2023  |  International

China is reportedly seeing a sharp increase in post-COVID travel and consumer activity. A Sunday (April 30) report by Bloomberg News, citing data from local...

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Credit Card Charge-Offs Creep Up in March
Credit Card Charge-Offs Creep Up in March
April 30, 2023  |  Credit Cards

Credit card charge-offs reportedly crept up in March as consumers struggle to pay bills. On paper, the overall average rate of credit card delinquencies and...

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Bitcoin on Track for Longest Hot Streak in Two Years
Bitcoin on Track for Longest Hot Streak in Two Years
April 30, 2023  |  Cryptocurrency

Bitcoin is on a path to increase for the fourth consecutive month, its longest streak in two years. That’s according to a Sunday (April 30)...

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Report: JPMorgan and PNC Among Bidders for First Republic
Report: JPMorgan and PNC Among Bidders for First Republic
April 30, 2023  |  Banking

PNC and JPMorgan Chase were reportedly among the bidders vying to own First Republic Bank. U.S. regulators auctioned off the struggling bank Sunday (April 30), according to a report by Reuters....

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Twitter to Let Media Outlets Charge Users to Read Articles
Twitter to Let Media Outlets Charge Users to Read Articles
April 30, 2023  |  Consumer Payments

Twitter will let media outlets charge users on a per-article basis, CEO Elon Musk said. “Rolling out next month, this platform will allow media publishers...

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HumanForest Raises $15 Million to Grow UK eBike Business
HumanForest Raises $15 Million to Grow UK eBike Business
April 30, 2023  |  Ridesharing

U.K.-based micromobility firm HumanForest has raised $15 million to boost its eBike technology. The company announced its Series A funding Friday (April 28), saying it...

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OpenAI Reopens ChatGPT to Italian Users
OpenAI Reopens ChatGPT to Italian Users
April 30, 2023  |  artificial intelligence

OpenAI says its ChatGPT artificial intelligence (AI) chatbot is again available in Italy. Italy had banned the use of ChatGPT over privacy concerns, but OpenAI says...

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