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Rite Aid Files for Bankruptcy as the Firm Resorts to Closing Some of Its Stores
On Sunday, Rite Aid, an American drugstore, filed for bankruptcy as the firm plans to close some of its stores across the United States as it suffers a decline in sales and opioid lawsuits.In recent y...
Chinese Developer Evergrande Initiates Bankruptcy Proceedings in the US
China's Evergrande Group, renowned for being the world's most heavily indebted property developer, has taken a significant step to rectify its financial troubles. The company has opted for bankruptcy ...
Can First Republic bank survive?
First republic bank share has sold off by a lot in the past days since the bank run news broke out. Just like SVB, the Silicon Valley bank that is facing bankruptcy due to a bank run, FRC is also stru...
CoinBase shares jump as the company partners with BlackRock
Coinbase's stock shot up on Thursday after it announced a collaboration with BlackRock that will allow the cryptocurrency exchange's clients to purchase bitcoin. Shares of Coinbase last incre...
Semiconductor chipmaker Semikron falls victim of a recent cyberattack
German producer of semiconductors for industrial automation systems and electric vehicle batteries Semikron, has acknowledged that it was the target of a cyberattack that led to data encryption. ...