Another Chain Retailer Filed for Bankruptcy
Another chain retailer has filed for bankruptcy. The bankruptcy bug has hit Bed, Bath & Beyond.
Another chain retailer has filed for bankruptcy. The bankruptcy bug has hit Bed, Bath & Beyond.
The ride-sharing company, Lyft plans to cut 1,200 jobs in another round of layoffs.
March’s Consumer Price Index rose 5.6% for the month.
For March, U.S. employers added 236,000 jobs. The unemployment rate fell 3.5%.
Walt Disney Corporation is laying off over 7,000 employees this week.
The Federal Deposit Insurance Corporation said that First Citizens Bancshares is purchasing all of Silicon Valley Bank’s assets, including deposits, loans and branches.
London, ENG.: The Bank of England, following the American Federal Reserve, also raised interest rates by a quarter of a percentage point.
After the Federal Reserve raised interest rates, the Dow fell over 500 points and the Treasury yields fell.
The Federal Reserve has raised interest rates again this time by 0.25 of a point.
The U.S. home sale prices fell in February by 0.2% compared to February 2022. This is the first time it has fallen in 131 consecutive months. The last time it…
Amazon to cut 9,000 more jobs.
UBS has announced that it has completed a takeover of Credit Suisse after Swiss regulators negotiated the deal.
To restore confidence in the world’s banking system, UBS is in talks to takeover all or a portion of Credit Suisse.
A week after the Federal Deposit Insurance Corporation regulators took over the Silicon Valley Bank, SVB Financial Group, the parent company of the bank, has filed for Chapter 11 bankruptcy…
The European Central Bank raised interest rates by half a percentage point.
The First Republic Bank will get $30 billion in funds from Bank of America, JP Morgan Chase and 9 other banks in a deal to halt a banking crisis.
Credit Suisse saw their stock shares rise over 20% after the bank secured $50 billion in Swiss Francs from the Swiss government.
T-Mobile announced that it is purchasing Ka’ena Corporation for around $1.35 billion, which owns Mint Mobile, Ultra Mobile and wireless wholesaler Plum. Actor Ryan Reynolds owns a minority stake in…
7:23 am: Shares of Credit Suisse has fallen over 20% today causing the U.S. stock market futures to fall on fears of a potential banking crisis. 10:09 am: In early…
February retail sales fell 0.4%.
It has been reported that the Justice Department and the Security & Exchange Commission are investigating the collapse of Silicon Valley Bank, after federal regulators took the bank over last…
Facebook & Instagram’s parent company, Meta, plans to fire around 10,000 workers and will not fill 5,000 open positions with the company.
The annual inflation continued the trend lower by lowering to 6% in February.
Novo Nordisk plans to cut insulin drug prices up to 75%.
Washington, D.C.: President Joe Biden’s administration has approved the controversial huge Willow drilling project in northern Alaska. Climate advocates are against the project and it sets the state for lawsuits…