Silicon Valley Bank, one of the tech sector’s favorite lenders, is shutting down. The California Department of Financial Protection and Innovation said Friday…
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Business
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Three years after the COVID-19 pandemic wiped out millions of jobs, a historic labor market recovery continues to pull in workers from all…
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A ‘technical issue’ was causing some Wells Fargo customers to see missing deposits in their accounts, the bank said Friday. In response to…
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It’s not just you: More U.S. customers than ever before report experiencing product and service problems. That’s according to the National Customer Rage…
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Reese’s Peanut Butter Cups are getting the vegan treatment. The Hershey Co. said Tuesday that Reese’s Plant Based Peanut Butter Cups, which go…
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DETROIT — General Motors will offer voluntary buyouts to a “majority” of its 58,000 U.S. white-collar employees, as it aims to cut $2 billion in structural…
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Business
American Airlines CEO tells pilots the carrier is prepared to increase pay to up to $590,000 per year
American Airlines is prepared to raise pilot pay to match that of Delta’s, including 40% cumulative increases in a potential four-year deal, CEO Robert Isom said in a…
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Business
Jerome Powell says Fed is likely to speed up interest rate hikes if the economy keeps roaring
Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that policymakers may have to speed up their interest rate hikes to tame high inflation.…
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If you don’t quite know how to feel about the U.S. economy at the moment, you’re not alone. The highest inflation rates in…
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Business
Feds investigating Tesla over complaints that steering wheels are falling off while driving
U.S. auto safety regulators have opened an investigation into Tesla’s Model Y SUV after getting two complaints that the steering wheels can come…