Nearly half of Americans are now worried about the safety of their money in banks, according to a new Gallup poll. But the…
Category:
Business
-
-
The Federal Reserve on Wednesday raised interest rates for the 10th consecutive meeting, but signaled those hikes might be done — thanks in…
-
Regional bank stocks fell sharply Tuesday as the fallout from the third major bank failure this year continued to put pressure on the…
-
Plans by Levi’s to test out virtual clothing models generated by artificial intelligence drew swift backlash in the industry late last month. While…
-
Business
With car repossessions and home foreclosures rising, some Americans are living on a financial cliff
Karen LeSage needs her car. A 57-year-old single mother living in East Hartford, Connecticut, LeSage needs to drive herself to medical appointments for…
-
DETROIT — General Motors plans to end production of its electric Chevrolet Bolt models by the end of this year, CEO Mary Barra told investors…
-
Business
Federal Reserve confronts ‘contradictory’ economy today as it considers next interest rate hike
High prices. High interest rates. Slowing growth. It would all seem to spell an economic downturn. Indeed, many consumers would agree that between…
-
First Republic Bank has been taken over by federal regulators and will be sold to JPMorgan — making it the third major bank…
-
Business
First Republic’s stock sinks as analysts monitor banking sector stress, despite some improvements
First Republic Bank’s stock nearly halved in value Tuesday, a day after it reported an exodus of deposits in the first quarter. Trading…
-
Troubled regional bank First Republic said Monday that its deposits fell 40.8% to $104.5 billion in the first quarter, which saw the collapse of two…