September 19, 2023

Markets Now

Banks scramble to find leaders equipped for today's economic realities

Wall Street has a knowledge hole.  
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Starbucks bets on China with $220 million roasting and distribution center

Starbucks says it has poured more than $200 million into a new campus in China, in a sign of how the Chinese consumer remains crucial to the global coffee chain despite a major economic slowdown.  
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FTX sues Sam Bankman-Fried's parents

Bankrupt crypto exchange FTX is suing founder Sam Bankman-Fried’s parents, accusing them of siphoning millions of dollars in company funds to enrich themselves and their “pet causes.”  
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Crayola, beloved for its crayons, is now selling flowers

Crayola, a name synonymous with vibrantly colored crayons for more than a century, is going into the flower business.  
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Instacart soars 40% in its trading debut

Instacart started trading Tuesday, opening at $42 per share and propelling the grocery-delivery company to a market valuation of just over $11 billion.  
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Thieves stole nearly $200 million from Europe's largest copper producer

Fraudsters have robbed Europe’s largest copper producer of €185 million ($198 million) worth of the metal, possibly with the help of insiders, the company said Tuesday.  
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Source: CNN Business

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