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Fox Corp executives Rupert and Lachlan Murdoch can be called to testify at this month's defamation trial over a $1.6 billion lawsuit claiming the media company lied about voter fraud in the 2020 U.S.
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Fox Corp executives Rupert and Lachlan Murdoch can be called to testify at this month's defamation trial over a $1.6 billion lawsuit claiming the media company lied about voter fraud in the 2020 U.S. presidential election, a judge said on Wednesday.
Rapid recovery has been eyepopping in light of the collapse of the crypto-friendly banks
(Bloomberg) -- US stock soared as traders wager the worst of the banking sector turmoil has passed, while Treasury yields climbed after the latest inflation reading cemented bets for a Federal Reserve rate hike next week. The S&P 500 advanced 1.6%%, the biggest one-day gain since early February, as regional bank shares bounced back from two days of frantic selling. The policy-sensitive Nasdaq 100 rose more than 2%. The two-year Treasury yield climbed to 4.4%— following a three-day swoon that was the biggest in decades amid the tumult — after data showed inflation remained elevated in Febru...
(Bloomberg) -- US stocks rallied into the close as traders wagered the worst of the banking turmoil has passed. Treasuries fell. The S&P 500 recovered much of its lost gains in the late afternoon session after a Russian fighter jet colliding with a US drone tamped down the initial enthusiasm. The tech-heavy Nasdaq notched its biggest one-day gain in six weeks. The relief rally in banking stocks was crimped as the KBW Bank Index ended the day with a 3.2% gain. Remarks from ratings companies on the financial sector underscored the fragile sentiment as markets were jolted by the biggest American ...