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Large US banks grow their profits due to rise in interest rates
JPMorgan, Bank of America, Wells Fargo, Citi and Goldman Sachs earn 20% more in the third quarter of the year
Big banks create $30 billion rescue package for First Republic
The effort seeks to stop the California-based bank from becoming the third bank to fail in less than a week. Shares of First Republic had fallen sharply this week, dropping 60% on Monday alone
Tesla: Elon Musk’s carriage turns into a pumpkin
The electric car company has lost more than 70% of its value on the stock market and analysts doubt that it can maintain its market share in the long term