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While Wall Street works to contain the biggest American bank failure since the 2008 financial meltdown, founders of startups who are people of color worry it could become even harder to secure financial support.

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A subsidiary of New York Community Bancorp has agreed to buy all the loans and deposits of Signature Bank. The institution failed two days after Silicon Valley Bank’s collapse, and global financial markets continue to respond to the biggest bank failure since the Great Recession. On March 20, Flagstar Bank officially assumed control of Signature Bank’s...

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President Joe Biden used his first veto on Monday to affirm consumers' right to access environmental, social and governance, or ESG investments through employer-sponsored plans, such as 401(k) plans. Earlier this month, Congress attempted to overturn a Labor Department rule that allows retirement fund managers to consider ESG factors.The House has scheduled a veto override vote for Thursday,...

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If you follow the rule of thumb that households should spend no more than 30% of gross income on rent, then most U.S. cities are unaffordable.  A monthly NerdWallet rent-to-income ratio analysis of 225 cities in the U.S. finds that, based on the most recent data, 65% of rents on the market are equal to or...

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Sometimes, it pays to be a loyal customer. Airline miles, loyalty reward points, anniversary freebies, the coveted platinum membership tier — all of these incentives are designed to keep you committed to your favorite brands. But loyalty is typically a one-way street when it comes to car insurance."Insurance companies are there to make money," says...

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Many older adults are using medical marijuana to treat a variety of conditions, but experts say that conflicting laws, unclear safety standards and complicated rulemaking processes mean it could be years before Medicare may cover the drug.One in five Medicare recipients currently uses medical marijuana, according to an April 2022 poll by the Medicare Plans...

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Google says it plans to increase the monthly price of its streaming television service, YouTube TV, by $8 beginning in April, according to an email sent to subscribers on Thursday. YouTube TV subscribers will see their monthly cost rise from $64.99 to $72.99 — a 12% increase. Google cited increased content costs as the reason for...

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