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California bill could penalize oil companies for price gouging

by Lily Jamali
Mar 28, 2023
The law aims for transparency in a state known for high gasoline prices.
Prices at a San Bruno, California, gas station in October. Prices in the state are lower today but remain higher than in other states.
Justin Sullivan/Getty Images
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Banks in Turmoil

Fewer cranes on the horizon? Banking tumult could slow nonresidential construction

by Stephanie Hughes
Mar 28, 2023
Smaller and regional banks are major lenders not only for office construction, but also building projects like hospitals, educational institutions and ports.
Cranes on a construction site in southeast Baltimore work to build office space. Spending for non-residential projects is up nearly 16% in the past year, according to the Census Bureau, and that is due in part to rising building costs.
Stephanie Hughes/Marketplace
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Shelf Life

In "American Ramble," a 26-day walk reveals a "profoundly different" nation

by Neil King Jr.
Mar 28, 2023
Neil King Jr. reflects on his history-rich journey from Washington, D.C., to New York City.
On his journey from Washington, D.C., to New York, Neil King Jr. passed through Pennsylvania farmland and absorbed impressions of American history.
Brandon Eastwood/AFP via Getty Images
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The FTC seeks to make it easier to cancel subscriptions

by Kristin Schwab
Mar 28, 2023
The agency has proposed new rules that would require companies to make unsubscribing less onerous.
Federal Trade Commission chair Lina M. Khan. The agency is eyeing rules that would require companies to make unsubscribing from services easier.
Graeme Jennings-Pool/Getty Images
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Streaming giants target European market for growth and expansion

by John Laurenson
Mar 28, 2023
With growth tapering in the U.S., American streaming giants are tapping into growing European markets in countries like France.
The growth of European regional content on streaming platforms like Netflix is helping companies break into those markets.
Daniel Leal/AFP via Getty Images
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Silicon Valley Bank Collapse

SVB’s collapse sends California wineries into a state of uncertainty

by Dana Cronin
Mar 28, 2023
More than 400 California wineries borrowed from Silicon Valley Bank. In the aftermath of its collapse, many are wondering what comes next.
In addition to lending to wineries, SVB helped raise money for basics like bedding and food for area farmworkers, said farmworker advocate Rosaura Segura.
Justin Sullivan/Getty Images
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COVID-19

Shanghai lockdown a year on: Is it still the same financial hub?

by Jennifer Pak
Mar 27, 2023
Shanghai's 2022 lockdown, which lasted two months, left economic and psychological scars on the metropolis.
A view of Lujiazui, the financial district of Shanghai. Government media refers to the cluster of high-rises as the Manhattan of the East.
Jennifer Pak/Marketplace
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Banks in Turmoil

Could commercial real estate be the next shoe to drop at regional banks?

by Matt Levin
Mar 27, 2023
Analysts say there's no reason to panic, but the sinking values of commercial properties could make those banks' balance sheets look pretty bad.
"The banks have $270 billion of commercial real estate loans coming due this year," said Matt Anderson, a managing director at Trepp Inc.
Justin Sullivan/Getty Images
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Banks in Turmoil

Why CDs are music to banks' ears right now

by Stephanie Hughes
Mar 27, 2023
Certificates of Deposit help banks bring in cash that they can use to make money by lending it at higher rates. Depositors may be looking to CDs as interest rates rise.
According to the Federal Reserve, the amount invested in large CDs — specifically, with accounts holding $100,000 or more — has gone up nearly 44% in the past year.
Patrick T. Fallon/AFP via Getty Images
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Banks in Turmoil

Bank regulators face a grilling on Capitol Hill while calming markets and the public

by Kimberly Adams
Mar 27, 2023
Besides testifying in hearings, regulators need to get a few messages across, including that the system worked, a PR executive says.
"As far as the overall banking system is concerned, I do think that SVB was an outlier," said Anusha Chari, a professor at UNC Chapel Hill.
Justin Sullivan/Getty Images
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