Federal regulators expect the collapse of Silicon Valley Bank to cost the government's deposit insurance fund an estimated $20 billion, a figure that analysts say makes it the most expensive bank failure in U.S. history.
WASHINGTON — Treasury Secretary Janet Yellen said regulators are working through the weekend to resolve the collapse of Silicon Valley Bank with a particular focus on depositors, rather than bailing out investors, though she declined to provide details of possible solutions.
The federal government filed an employment discrimination lawsuit in Louisiana on Friday against Exxon Mobil after investigating a Black employee’s complaint that nooses had been found at a Baton Rouge, Louisiana, refinery complex.
The labor market shattered expectations in January, as the economy added 517,000 jobs and the unemployment rate dropped to 3.4 percent, a low not seen since May 1969, according to data released Friday from the Bureau of Labor Statistics.
Meta announced on Wednesday it was reinstating former president Donald Trump's social media accounts after a two-year suspension over his role in praising the rioters who stormed the U.S. Capitol on Jan. 6, 2021.
Boeing is studying whether an innovative plane it's developing with NASA could find a home in its lineup in the next decade, the company's top executive said, offering a tantalizing glimpse into its product strategy.
Massive job cuts in Silicon Valley are bringing some relief to investors after a year-long stock sell-off, as companies indicate they're focused on bolstering their profits heading into a key earnings reporting season.
The Washington Post laid off 20 staffers on Tuesday, the latest in a series of media and technology companies to cut jobs in the face of a challenging economic climate and continuing declines in advertising revenue and readership.
Nov. 22—Starbucks will close its Seattle store at Broadway East and Denny Way next month, the company told workers Monday night. The closure of the Capitol Hill store will take effect Dec. 11, according to the company. Seattle-based Starbucks said its attempts to address safety concerns at the location were not effective. Incidents included theft, vandalism, property damage, drug use, threats ...
When it comes to fashion, Steve Jobs, the late founder of Apple, is best known for his laid-back uniform of a black turtleneck, jeans and dad sneakers. But the tech giant also had something in common with today’s supermodels and TikTok influencers: a love of Birkenstocks.
Idaho legislative leaders are bracing for challenges that come with record turnover, as 39 first-time state legislators will take their seats when the 2023 session gavels in Jan. 9 at the Idaho State Capitol.
FTX, one of the world's largest cryptocurrency exchanges, announced Friday it will file for bankruptcy, with its CEO, Sam Bankman-Fried, stepping down in the wake of a trading scandal that has embroiled the firm in regulatory inquiries.
Convicted Theranos Inc. founder Elizabeth Holmes said she deserves to spend 18 months in home confinement, not prison, asking the judge who will sentence her next week to look beyond the “mocked and vilified” caricature of her as a cheat, and to instead see her as a human being.