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..., and reduce exposure to these risks for retail investors and other Americans saving for retirement”, according to a statement from the lawmakers....
...“That’s kind of what it’s been like [until now] for investors trying to assess climate-related financial risks to their retirement savings.”...
...“Even as prices have come down on important items like a gallon of milk and a dozen eggs, some corporations aren’t passing those savings on to consumers,” Lael Brainard, director of the White House’s National...
...The Federal Deposit Insurance Corporation needs to recoup $15.8bn spent on containing bank runs. It aims to do so with a levy on uninsured deposits. Some banks are trying to game the system....
...The California tech giant and Wall Street bank on Monday launched a new savings account yielding 4.15 per cent a year, having first announced the product in October....
...It was just the latest bad news in a rolling doom-cloud over Disney headquarters in Burbank, California. Anniversary celebrations are planned until late 2023....
...California’s governor, Gavin Newsom, followed up with a potshot at Wirth....
...Luther Burbank, the 19th-century breeder of exotic hybrid plants in California, called his catalogue New Creations and became feted as the “high priest of horticulture”....
...We've also drawn a very firm line in the sand against imposing things like gender ideology in our schools. My job is not to kowtow to some woke corporation in Burbank, California....
...Savings customers eventually catch on and seek products that pay more interest but there has traditionally been a significant lag....
...Also in the portfolio is California-based KoBold Metals, backed by Bill Gates and Jeff Bezos....
...This week California’s PacWest became the latest midsize US lender to get swept up in the growing panic....
...An acre of land in Brazil has a very different value from an acre of land in California or Congo.”...
...A person involved in the negotiation said it became clear that Dimon was emerging as a central figure in any plan aimed at securing depositors’ savings....
...SVB was taken over by the Federal Deposit Insurance Corporation on March 10 after it announced a $1.8bn loss on sales of securities, sparking a share price collapse and a deposit run....
...Silicon Valley Bank, Santa Clara, California, in a manner that fully protects all depositors....
...Its interest expense shot up 10-fold, to $525mn in the last three months of 2022, from just under $50mn a year earlier, data from the Federal Deposit Insurance Corporation shows....
...“We thought this was an effective way to stem the crisis without angering public opinion . . . nobody wants to be blamed for saving the bank accounts of rich people with taxpayers’ money,” said a person...
...As a result of the summer drought, trees such as these lost too much moisture from their system, and their way of saving energy is to drop their leaves....
...Disney is to cut 7,000 jobs, about 3 per cent of its workforce, as part of a cost-saving restructuring....
...Patagonia was already a B Corp and California benefit corporation and Chouinard, now an ex-billionaire, said in an open letter that he had considered taking it public instead....
...Concerns began to surface at Disney’s headquarters in Burbank, California, at the beginning of February....
...In a report last year, the Federal Deposit Insurance Corporation estimated there were 7.1mn “unbanked” households at the start of the pandemic, about 5.4 per cent of the total, and predicted that the number...
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