Business Federal Reserve says it may stop interest rate hikes as banking concerns linger by May 4, 2023 May 4, 2023 The Federal Reserve on Wednesday raised interest rates for the 10th consecutive meeting, but… Read more 0 FacebookTwitterPinterestEmail
Business With car repossessions and home foreclosures rising, some Americans are living on a financial cliff by May 3, 2023 May 3, 2023 Karen LeSage needs her car. A 57-year-old single mother living in East Hartford, Connecticut,… Read more 0 FacebookTwitterPinterestEmail
Business First Republic is seized by the FDIC and sold to JPMorgan by May 3, 2023 May 3, 2023 First Republic Bank has been taken over by federal regulators and will be sold… Read more 0 FacebookTwitterPinterestEmail
Business Backlash against AI supermodels triggers wider fears in fashion workforce by May 3, 2023 May 3, 2023 Plans by Levi’s to test out virtual clothing models generated by artificial intelligence drew… Read more 0 FacebookTwitterPinterestEmail
Business GM to end production of electric Chevy Bolt, its first mass-market EV, this year by May 3, 2023 May 3, 2023 DETROIT — General Motors plans to end production of its electric Chevrolet Bolt models by the… Read more 0 FacebookTwitterPinterestEmail
Business Federal Reserve confronts ‘contradictory’ economy today as it considers next interest rate hike by May 3, 2023 May 3, 2023 High prices. High interest rates. Slowing growth. It would all seem to spell an… Read more 0 FacebookTwitterPinterestEmail
Business Thousands of SVB staffers to receive $25 million in payroll stuck in stock purchase program by May 3, 2023 May 3, 2023 About 4,000 employees of Silicon Valley Bank are set to receive $25 million that… Read more 0 FacebookTwitterPinterestEmail
Business Disney sues Florida Gov. Ron DeSantis over control of self-governing district by May 3, 2023 May 3, 2023 The Walt Disney Co. on Wednesday filed a lawsuit in federal court against Florida… Read more 0 FacebookTwitterPinterestEmail
Business First Republic’s stock sinks as analysts monitor banking sector stress, despite some improvements by May 3, 2023 May 3, 2023 First Republic Bank’s stock nearly halved in value Tuesday, a day after it reported… Read more 0 FacebookTwitterPinterestEmail
Business First Republic bank says deposits tumbled 40% to $104.5 billion in the first quarter by May 3, 2023 May 3, 2023 Troubled regional bank First Republic said Monday that its deposits fell 40.8% to $104.5 billion in… Read more 0 FacebookTwitterPinterestEmail
