Americans pulled nearly $100B out of bank accounts as SVB, Signature Bank collapsed
During the closures of SVB and Signature Bank, Americans withdrew almost $100 billion from their bank accounts, according to seasonally adjusted data from the Federal Reserve.
NC man wins $2 million lottery nearly 2 years after $1 million win
Pharris Frank, 41, recently won $2 million on a $20 scratch-off following a previous big win. “I called my wife and told her, ‘I did it again.’"
Today's best mortgage deal? Look to 15-year rates to save | March 29, 2023
Check out the mortgage rates for March 29, 2023, which are trending up from yesterday.
Still time to save: Today's 30-year mortgage rates rest for third straight day | March 27, 2023
Check out the mortgage rates for March 27, 2023, which are unchanged from last Friday.
First Citizens to acquire troubled Silicon Valley Bank, FDIC says
Customers of Silicon Valley will automatically become customers of First Citizens, which is headquartered in North Carolina.
Banking industry sees another shock as share prices of global giant Deutsche Bank drop
The banking industry suffered another shock Friday, as global financial giant Deutsche Bank saw a sharp drop in stock prices, closing down 8.5% after falling as much as 14% during trading.
Still time to save: Today's 30-year mortgage rates hold steady at 5.875 percent | March 24, 2023
Check out the mortgage rates for March 24, 2023, which are mixed from yesterday.
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.
Gender pay gap in US hasn’t changed much in two decades, report finds
New analysis from Pew Research finds that despite women earning more now than they did over 30 years ago, the disparity in pay for them compared to men has been stagnant.
Federal Reserve raises key interest rate by quarter-point
The Fed also warned that the financial upheaval stemming from the collapse of two major banks is “likely to result in tighter credit conditions" and “weigh on economic activity, hiring and inflation."
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.
Study finds 186 banks vulnerable to Silicon Valley Bank-like collapse
A new study says that, depending on certain market conditions, nearly 200 U.S. banks could be vulnerable to the same fate as Silicon Valley Bank.
Egg prices so high, Dollar Tree pulls them from shelves completely
Eggs will make a return to Dollar Tree when prices fall.
Big banks step in with $30 billion to save San Francisco-based First Republic Bank
San Francisco based First Republic is getting a boost from within the banking industry.
4-day workweek bill reintroduced in California
A California congressman has reintroduced a bill to Congress that would end the traditional five-day work cycle.
Big banks create $30B rescue package for First Republic
Eleven of the biggest banks in the country announced a $30 billion rescue package for First Republic Bank on Thursday, in an effort to prevent the California-based bank from becoming the third bank to fail in less than a week and head off a broader crisis in the banking sector.
Study shows what $100K is actually worth in the largest U.S. cities
Shocker: If you live in New York or California, $100,000 may not go very far. But, here’s where it will.
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.
Mega Millions: Winning $2 million ticket sold in California
A Mega Millions ticket worth a little over $2 million was sold in Los Angeles County, according to California Lottery officials.
Egg prices still up 55% over last year despite slight reduction in February
In the CPI data, egg prices in February posted a 55% increase in the one-year span from the same month the prior year.