First Republic Bank seized by regulators, sold to JPMorgan Chase
San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.
Silicon Valley Bank failure: Fed partly blames itself for collapse
Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve said Friday, in a highly-anticipated review of how the central bank failed to properly supervise the bank before it collapsed early last month.
These are the cities you can earn six figures in and still be broke
A new study found that in 16 of the 100 largest U.S. metros, a family of three earning a $100,000 annual income would spend more on the basics than what they earn. California cities made up half of the list.
Tech layoffs, high interest rates are having ‘serious impact’ on how people buy homes
Facebook, Twitter and other companies announced layoffs this year amid rising interest rates. Experts say it’s affecting both prospective homebuyers and sellers.
Social Security cuts could be coming soon — here's who will be affected
A recent government report suggests that Social Security funds face a long-term financial crunch that could mean some benefits get cut sooner for retirees.
First Citizens to acquire troubled Silicon Valley Bank, FDIC says
Customers of Silicon Valley will automatically become customers of First Citizens, which is headquartered in North Carolina.
After two U.S. banks failed, are other banks next?
Over the past couple of weeks, there have been two U.S. bank failures that are causing a lot of concern around the country. While the President says everything is okay, it doesn't mean people aren't worried about the future.
Egg prices so high, Dollar Tree pulls them from shelves completely
Eggs will make a return to Dollar Tree when prices fall.
2 failed banks, February inflation remaining high put Fed in tough spot
The government reported Tuesday that February prices were still elevated, which could drive another interest rate hike. But the collapse of two banks in recent days has the potential to stop it.
Silicon Valley Bank seized by regulators
Silicon Valley Bank, known as SVB, is the largest bank failure since the height of the 2008 financial crisis.
Powell signals increased interest rate hikes if economy stays strong
Chair Jerome Powell's comments raise the possibility that the Fed will increase its key interest rate by a half-percentage point at its next meeting, after having carried out a quarter-point hike in February.
Costco maintaining low rotisserie chicken prices
Rotisserie chicken is just one example of key categories Costco members covet
Education industry at highest risk for layoffs over next 6 months: survey
A recent survey reveals that the education sector was the most susceptible to layoffs in 2023 if there's a recession.
DTE Energy rolls out time-of-day rates -- What it means for electricity customers
DTE Energy customers will now be charged a variable rate depending on when they are using electricity as part of the new time-of-day pricing.
Rocked by inflation, most don't share Biden Administration economic optimism
"The price of everything is going up - and the economy not looking better even though we keep being told every day that the economy is great,” said shopper Kelly King.
Bed Bath & Beyond closing 87 additional stores. Here’s the list of locations
The latest store closings are impacting the struggling retailer as it considers its options, including possibly filing for bankruptcy.
U.S. economy showed solid growth, but slowdown expected in coming months
The resilience of the U.S. job market has been a major surprise, but analysts say the good times for America’s workers aren’t likely to last.
Gold and silver boom predicted as US hits debt ceiling, dollar devalues
Precious metals expert predicts gold and silver will rise in 2023 as government spending results in increased inflation and U.S. hits debt ceiling.
Google cutting 12,000 jobs as tech industry layoffs widen
Google has become the latest tech company to trim staff after rapid expansions during the COVID-19 pandemic have worn off.
US debt limit: US Treasury buys time for Biden and House GOP on deal
The Treasury Department says it has started taking “extraordinary measures” as the government has run up against its legal borrowing capacity of $31.381 trillion.