Tag: the city of New York
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Trouble at First Republic Bank escalates despite Wall Street bailout
Shares of First Republic Bank continue their freefall despite a rare move by the largest US banks to pump $30 billion into the regional lender. Shares of the company fell more than 47% on Monday as trading halted multiple times due to volatility. Shares, which are down about 88% over the past two weeks, closed […]
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Stocks tumble on Wall Street on renewed banking fears
NEW YORK (AP) — Stocks tumbled again on Wall Street Wednesday as concerns about the strength of banks on both sides of the Atlantic mount. The S&P 500 was down 1.3% in afternoon trading as markets in Europe fell more as shares of Swiss Credit Suisse plummeted to a record low. The Dow Jones Industrial […]
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In the midst of high housing costs, how to figure out what to spend on rent
Gremlin | E+ | Getty Images There is often a gap between theory and practice, what we should do and what we actually do. But when it comes to the long-held advice for renters to spend no more than 30% of their income on housing, it’s increasingly impossible to even try to meet the goal, […]