Parent of Silicon Valley Bank seeks bankruptcy protection
The parent of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protection.
US government says all Silicon Valley Bank clients will have access to funds
The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after Friday's historic failure of Silicon Valley Bank, the second-largest bank failure in U.S. history.
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.
Owner of Eastside Silver Print community darkroom asking for help to keep studio open
Anthony Maddaloni, owner of Eastside Silver Print, has been operating the community darkroom in East Austin for over a decade, but with inflation, he might be forced to close.
Car debt piles up as more Americans struggle to make payments
Car repossessions are growing as Americans are still struggling with higher car prices and inflation.
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.
Governor Abbott makes economic development announcement
Governor Greg Abbott makes announcement regarding Texas economy.
'Real leader': Biden nominates Julie Su as next US labor secretary
Julie Su, a civil rights attorney and former head of California’s labor department, was central to negotiations between labor and freight rail companies late last year, working to avert an economically debilitating strike.
Can the Fed keep raising interest rates without causing a recession? Research says no
Such an "immaculate disinflation" has never happened before, economists say.
Fed officials signal more rate hikes likely amid sticky inflation, minutes show
Federal Reserve policymakers see more interest rate hikes ahead.
Plunging natural gas prices eases inflation concerns
Natural gas accounts for nearly 25% of residential energy needs, making it a big driver in last year’s worst bout of inflation in 40 years.
White House says GOP plans would add $3 trillion to national debt
The White House is charging the GOP with hypocrisy for favoring tax policies that could push the accumulated $31.4 trillion national debt higher.
Report: Boeing to cut 2,000 finance and HR jobs in 2023
A statement by the Virginia company says the jobs will be reduced “through a combination of attrition and layoffs” this year.
More Americans live paycheck to paycheck, report finds
A report found 166 million consumers in the US fall into that category.
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.
How the latest Fed interest rate hike could impact you
The rate increase will likely make it even costlier to borrow for homes, autos and other purchases.
Exxon earns record profits in 2022 with surge in energy prices
Exxon raked in over $12 billion in profits to raise its annual net income to a staggering $55.7 billion.
Walmart trying out more 'upscale' stores with launch of new designs, upgrades
The retailer has renovated nearly 1,000 stores with the redesigns, and several have recently opened.