First Republic Bank's (FRC.N) market value plunged below $1 billion for the first time ever on Wednesday after a report said the U.S. government was unwilling to intervene in the rescue process, hammering the lender's stock. Microsoft stock rallied after earnings, bullish A.I. outlook, and failed Activision buyout. Meanwhile, the crypto market soared over 7% Wednesday morning signaling a potential continuation of a bull rally for altcoins.
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