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PacWest falls 10% after regional bank discloses deposit outflows, additional liquidity

A Pacific Western Bank branch in Los Angeles, California, US, on Friday, March 10, 2023. Eric Thayer | Bloomberg | Getty Images Shares of regional bank PacWest Bancorp dropped Wednesday after the company disclosed it had shed more than $6 billion in deposits during the recent squeeze on midsized banks, …

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Most adults with medical debt owe some of it to hospitals, study finds

Antonio_diaz | Istock | Getty Images Among the millions of Americans with past-due medical debt, there’s a decent chance they owe $1,000 or more, new research suggests. While 39% of that cohort said they owe less than $1,000, the remainder (61%) owe more, including 21% who owe at least $5,000, …

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Windfall Bio comes out of stealth with methane-eating microbes

Three of Windfall’s leadership team at the compost pile for a local community organic farm planning to deploy methane eating microbes. Judy Su, the director of biology (L); Josh Silverman, the CEO; Carla Risso, the director of environment (R). Photo courtesy Windfall Josh Silverman is obsessed with methane. The serial …

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The Fed is expected to raise interest rates, despite banking turmoil

There haven’t been many twists and turns when it comes to the Federal Reserve’s efforts to cool inflation: It promised to raise interest rates and that’s exactly what it’s done for eight straight months. For the first time, however, there’s been less certainty about what the next move might be …

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Who has been most affected

The appropriate gift for a one-year anniversary is said to be paper — something fragile that needs careful attention to be preserved over time. The metaphor for a new marriage could equally apply to the current state of the economy, as last week marked one year since the Federal Reserve …

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UK inflation rate breaks 3-month stretch of declines with surprise rise to 10.4%

U.K. inflation data paints a picture of the British economy. Bloomberg / Contributor / Getty Images U.K. inflation unexpectedly jumped in February, as food and energy bills continued to rise, placing further pressure on households. The consumer price index (CPI) increased by an annual 10.4%, above the 9.9% consensus forecast …

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Investors and ‘longer view’ to survive the volatile market

CNBC’s Jim Cramer on Tuesday said investors are operating too much out of fear and instead need to take a long-term perspective of the market and “accentuate the positive.” Cramer acknowledged that investors’ worries are not unfounded and that on the surface, this market does look like “the sum of …

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Biden to designate two new national monuments, in Nevada and Texas

A wind and snow storm builds along the mountains of the Spirit Mountain Wilderness as viewed from Highway 163 on March 10, 2021 in Laughlin, Nevada. George Rose | Getty Images The Biden administration on Tuesday will establish two new national monuments in the Southwest, a decision that will protect …

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Registries in carbon offset market allowing dubious credits: report

Paula Swedeen, a forest policy specialist for the Washington Environmental Council, poses for a photo next to a forest land boundary marker adjacent to Mount Rainier National Park on Monday, Nov. 23, 2015, near Ashford, Wash. The land is part of a new project of 520 acres on private timberland …

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Women’s soccer faces big year with NWSL season kicking off

OL Reign forward Sofia Huerta (11) and Portland Thorns FC forward Sophia Smith (9) battle for the ball during a NWSL match between the Portland Thorns and the OL Reign on March 18, 2022 at Lumen Field in Seattle, WA. Jeff Halstead | Icon Sportswire | Getty Images The National …

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