July 31, 2023

Markets Now

Middle-income Americans think prosperity is within reach

It’s a strange time for mid-sized banks in the US. The collapse of three regional banks earlier this year followed by the emergency merger of PacWest and Banc of California last week has created a shakeup in the industry that’s been exacerbated by the Federal Reserve’s continued efforts to raise interest rates.  
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99-year-old trucking company Yellow shuts down, putting 30,000 out of work

Yellow Corp., a 99-year-old trucking company that was once a dominant player in its field, halted operations Sunday and will lay off all 30,000 of its workers.  
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America's oldest craft brewer has shut down after 127 years. Here's how it could be saved

Anchor Brewing, which has been America’s oldest craft brewer with 127 years in business, closed its taprooms for good on Sunday. But there’s a chance the brand could live on.  
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Video: Why San Francisco is frustrated with Twitter's new, giant 'X' sign

The city of San Francisco has filed a complaint against the headquarters of the company formerly known as Twitter for installing the new flashing “X” logo on top of the building without a permit. CNN’s Sara Fischer has more.  
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Coinbase CEO says complying with SEC request would have been the 'end of the crypto industry in the US'

The Securities and Exchange Commission asked Coinbase to halt trading on all cryptocurrencies except for bitcoin before it sued the company in June, Coinbase’s chief executive told the Financial Times.  
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Heineken's profit hit by drop in beer sales in Asia

People in Asia aren’t guzzling as much beer as they used to.  
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