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Categories Business

Warren Buffett says bank runs would have been ‘catastrophic’ without government intervention

Author May 8, 2023

Warren Buffett, chairman and CEO of Berkshire Hathaway, praised the government’s intervention in recent bank failures, saying on Saturday it averted what

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Categories Business

College seniors are graduating into a job market in flux, but a handful of industries are still eager to hire

Author May 6, 2023

Millions of college seniors are donning their caps and gowns this week to walk across the stage and grab their hard-earned diplomas.

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Categories Business

Jenny Craig employees file a class-action lawsuit claiming the company violated the WARN Act

Author May 6, 2023

Jenny Craig employees are seeking to join a class-action lawsuit alleging the company violated federal and state WARN Acts, which require companies

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Categories Business

Federal Reserve raises interest rates to 16-year high as fight to tame inflation persists

Author May 6, 2023

The Federal Reserve announced Wednesday it was raising its key federal funds rate to more than 5% — a 16-year high —

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Categories Business

How a U.S. debt default would affect American households

Author May 5, 2023

The news this week that the government has less than a month before it could start defaulting on its payments has accelerated

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Categories Business

Nearly half of Americans are worried about the safety of their money in banks

Author May 5, 2023

Nearly half of Americans are now worried about the safety of their money in banks, according to a new Gallup poll. But the

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Categories Business

Jenny Craig tells employees it will shut its doors after four decades

Author May 5, 2023

Jenny Craig will close its doors after four decades in the weight loss and nutrition business, according to internal communications to employees

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Categories Business

Federal Reserve says it may stop interest rate hikes as banking concerns linger

Author May 4, 2023

The Federal Reserve on Wednesday raised interest rates for the 10th consecutive meeting, but signaled those hikes might be done — thanks

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Categories Business

PacWest falls more than 20% as regional bank stocks slide to new lows

Author May 4, 2023

Regional bank stocks fell sharply Tuesday as the fallout from the third major bank failure this year continued to put pressure on

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Categories Business

With car repossessions and home foreclosures rising, some Americans are living on a financial cliff

Author May 3, 2023

Karen LeSage needs her car. A 57-year-old single mother living in East Hartford, Connecticut, LeSage needs to drive herself to medical appointments for

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