Patrick T. Fallon/AFP via Getty Images, FILE (NEW YORK) — First Citizens Bank will buy about $72 billion in assets from the failed Silicon Valley Bank, the Federal Deposit Insurance Corporation said. Silicon Valley Bank, a regional lender with about $210 billion in Read More
Spectre is a “Rolls-Royce first, electric car second,” the company says. — Rolls-Royce (NEW YORK) — It’s a trend that’s surprised even Rolls-Royce executives: Tesla owners frantically placing preorders for Spectre, the first Read More
Alex Wong/Getty Images (NEW YORK) — The banking crisis that erupted earlier this month elicited some predictions of a halt in interest rate hikes, since previous borrowing cost increases garnered blame for the financial distress. Instead, the Federal Reserve on Read More
Justin Sullivan/Getty Images (NEW YORK) — Gordon Moore, the co-founder and former chairman of tech giant Intel, died Friday at the age of 94, the company and the Gordon and Betty Moore Foundation announced. A press release stated Moore died “surrounded by Read More
Bill Pugliano/Getty Images (NEW YORK) — United Nations Secretary-General Antonio Guterres said that the world is “on thin ice” and called for “climate action on all fronts” earlier this week while revealing the latest U.N. climate report. The Read More
Kinga Krzeminska/Getty Images (NEW YORK) — One woman who said her family was in debt and one step away from financial disaster made a change in her spending at the grocery store that’s paying off big. Becky Guiles, known as the “Freebie Lady” on Read More
Dunkin’ (NEW YORK) — From the iconic Egg McMuffin at McDonald’s to French Toast Sticks at Wendy’s, the competition among fast food chains to serve Americans breakfast has registered another entry. Dunkin’ launched its latest menu offering, Read More
Photo by Mike Kline (notkalvin)/Getty Images (WASHINGTON) — A high-stakes standoff between the U.S. government and social media app TikTok over a potential ban is set for a reckoning on Thursday when TikTok CEO Shou Zi Chew testifies before a committee of House Read More
Nikolas Kokovlis/NurPhoto via Getty Images (NEW YORK) — Foot Locker plans to close 400 stores in North America by 2026 as it rebrands part of its business, the company announced Monday. The company plans to close many underperforming stores in shopping malls while Read More
Alex Wong/Getty Images (WASHINGTON) — Federal Reserve Chair Jerome Powell on Wednesday called the U.S. banking system “strong and resilient,” voicing confidence in the nation’s financial system and the safety of bank deposits less than two weeks Read More
