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PNC to buy FirstBank for $4.1B, expanding to Arizona, Colorado
NEW YORK (AP) — PNC Financial said Monday that it plans to buy Colorado-based FirstBank for $4.1 billion, giving PNC a substantial presence in the Colorado banking market as well as Arizona. Based in Lakewood, Colorado., FirstBank, which is also branded as 1stBank, is a midsized bank that operates 120 retail branches with $26.[...]
SpaceX, EchoStar strike $17B spectrum deal for Starlink
SpaceX reached a $17B deal with EchoStar for spectrum licenses to expand Starlink, with cash, stock, and debt payments included.
Google hit with $3.5 billion fine from European Union in ad-tech antitrust case
EU slaps Google with $3.5B ad services fine; company calls ruling unfair.
475 detained in record immigration raid at Hyundai site
U.S. officials detained 475 people in a raid at Hyundai’s Georgia EV plant, the largest single-site immigration enforcement in 20 years.
Hiring stalls with US companies reluctant to expand in an uncertain economic landscape
Employers added 22,000 jobs in August, down from 79,000 in July, as the unemployment rate rose to 4.3% amid Trump policy uncertainty.
Elon Musk in line for $1 trillion pay package if Tesla hits aggressive goals over next 10 years
Tesla asks investors to approve a $1T pay deal for Elon Musk, tied to hitting market cap, production, and delivery milestones by 2035.
Justice Department probes mortgage fraud claims against Lisa Cook of Federal Reserve, AP source says
The DOJ issued subpoenas in a mortgage fraud probe tied to Fed Governor Lisa Cook, who faces a Trump push to remove her from the board.
Trump Fed pick Stephen Miran plans to keep White House job
Fed nominee Stephen Miran plans to keep his White House role, fueling Democratic criticism.
Trump-backed bitcoin company begins trading on Nasdaq
American Bitcoin, backed by Donald Trump Jr. and Eric Trump, debuts on Nasdaq after a merger, marking a milestone for crypto in U.S. markets.
US job openings slip in July, adding to evidence that the American labor market is cooling
Job openings slipped to 7.2M in July, down from 7.4M in June, signaling a cooling labor market as layoffs rose and quits held steady.
Families of Boeing crash victims to make potential final plea for criminal prosecution
Families of 737 Max crash victims push for prosecution as a Texas court reviews Boeing’s felony conspiracy charge tied to deadly crashes.
Mystery surrounds $1.2 billion Army contract to build huge detention tent camp in Texas desert
Trump’s administration grants a $1.2B contract to a small Virginia firm to build the nation’s largest immigration detention camp at Fort Bliss.
