Fed forges ahead with 25 basis point interest rate increase, signaling resolve to battle inflation
The Federal Reserve announced another 25 basis point interest rate increase, bringing the federal funds rate to a targeted range of 4.75% to 5%, the highest level in 15 years.
Employees of Oakland Starbucks, Trader Joe's file to unionize
Employees of a Starbucks store and Trader Joe's, both located in Oakland, have filed to form unions, union officials said.
Foot Locker closing 400 shopping mall locations to prioritize better earning stores
Foot Locker also said it plans to open some free-standing shops targeting niche consumers such as sneakerheads, children and higher-income shoppers.
Amazon to cut 9,000 more jobs amid 'uncertain economy'
Amazon announced Monday that it plans to cut an additional 9,000 roles within the next few weeks amid the uncertain economic environment.
Disney managers told to identify layoff candidates, with 4K job cuts expected by April: report
Disney managers were given an April deadline to propose budget cuts and make a list of employees to be laid off.
YouTube TV users will see 13% subscription price increase
The new price is $72.99 per month, up from $64.99.
Buyers, get moving: Today's 30-year mortgage rates dive below 6 percent | March 16, 2023
Check out the mortgage rates for March 16, 2023, which are down from yesterday.
Silicon Valley Bank's demise impacts SF Housing projects
The stress of Silicon Valley Bank's sudden collapse was clear Monday, as a long line of clients lined up to get cash from the Santa Clara headquarters.
Silicon Valley Bank reopens to depositors' delight
Silicon Valley Bank, now federally run, is telling customers that their money is not lost even if most of it is uninsured.
'I'm feeling helpless and unmoored': Etsy sellers go unpaid after Silicon Valley Bank collapse
Etsy said it will have to delay payments to its sellers after the Silicon Valley Bank collapse, but its words are of little comfort to those in need.
Biden tells US to have confidence in banks after 2 collapse
President Joe Biden on Monday told Americans the nation’s financial systems were safe, seeking to project calm following the swift and stunning collapse of two banks that prompted fears of a broader upheaval.
No federal bailout for collapsed Silicon Valley Bank: Treasury Secretary Yellen
Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money.
BP CEO pay doubles to $12M as energy profits surge
BP's profit doubled to $28 billion as Russia’s invasion of Ukraine sent oil and gas prices soaring.
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.
Savings window opens: Today's 30-year mortgage rates dive to 13-day low | March 10, 2023
Check out the mortgage rates for March 10, 2023, which are largely down from yesterday.
Aldi suffers Easter marshmallow blunder: 'We can’t even defend this one'
An Easter Bunny marshmallow snack from Aldi caught the attention of many Twitter users after a shopper posted a photo, showing the suggestively-shaped snacks.
'Bare Minimum Mondays' are the new workplace trend
First came "quiet quitting;" now comes "bare minimum Monday" – the latest workplace trend receiving more and more support from the U.S. labor force.
Victoria’s Secret to bring back fashion show after 4-year hiatus
Victoria’s Secret executives said on a recent earnings call that a "new version" of its fashion show will come later this year.
San Francisco high schoolers create investment club
Students at one San Francisco high school are taking a hands-on approach to learn about economics. The teens started and ran an investment club, and are now managing a portfolio worth more than $14,000.
Good news: Personal loan interest rates fall for 3-year fixed-rate loans
The latest trends in interest rates for personal loans from the Credible marketplace, updated weekly.