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Categories Business

First Republic is seized by the FDIC and sold to JPMorgan

Author May 3, 2023

First Republic Bank has been taken over by federal regulators and will be sold to JPMorgan — making it the third major

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Categories Business

Backlash against AI supermodels triggers wider fears in fashion workforce

Author May 3, 2023

Plans by Levi’s to test out virtual clothing models generated by artificial intelligence drew swift backlash in the industry late last month.

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Categories Business

First Republic’s stock sinks as analysts monitor banking sector stress, despite some improvements

Author May 3, 2023

First Republic Bank’s stock nearly halved in value Tuesday, a day after it reported an exodus of deposits in the first quarter. Trading

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Categories Business

First Republic bank says deposits tumbled 40% to $104.5 billion in the first quarter

Author May 3, 2023

Troubled regional bank First Republic said Monday that its deposits fell 40.8% to $104.5 billion in the first quarter, which saw the collapse of

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Categories Business

Thousands of SVB staffers to receive $25 million in payroll stuck in stock purchase program

Author May 3, 2023

About 4,000 employees of Silicon Valley Bank are set to receive $25 million that has been trapped for weeks in an employee

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Categories Business

Disney sues Florida Gov. Ron DeSantis over control of self-governing district

Author May 3, 2023

The Walt Disney Co. on Wednesday filed a lawsuit in federal court against Florida Gov. Ron DeSantis and other officials alleging a

Categories Business

First Republic’s stock sinks as analysts monitor banking sector stress, despite some improvements

Author April 27, 2023

First Republic Bank’s stock nearly halved in value Tuesday, a day after it reported an exodus of deposits in the first quarter. Trading

Categories Business

GM to end production of electric Chevy Bolt, its first mass-market EV, this year

Author April 27, 2023

DETROIT — General Motors plans to end production of its electric Chevrolet Bolt models by the end of this year, CEO Mary Barra told

Categories Business

Disney sues Florida Gov. Ron DeSantis over control of self-governing district

Author April 27, 2023

The Walt Disney Co. on Wednesday filed a lawsuit in federal court against Florida Gov. Ron DeSantis and other officials alleging a

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Categories Business

First Republic’s stock sinks as analysts monitor banking sector stress, despite some improvements

Author April 26, 2023

First Republic Bank’s stock nearly halved in value Tuesday, a day after it reported an exodus of deposits in the first quarter. Trading

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