Warren Buffett, chairman and CEO of Berkshire Hathaway, praised the government’s intervention in recent bank failures, saying on Saturday it averted what could have become an even bigger crisis. Yet…
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Jenny Craig employees file a class-action lawsuit claiming the company violated the WARN Act
Jenny Craig employees are seeking to join a class-action lawsuit alleging the company violated federal and state WARN Acts, which require companies to give employees a 60-day notice ahead of…
Federal Reserve raises interest rates to 16-year high as fight to tame inflation persists
The Federal Reserve announced Wednesday it was raising its key federal funds rate to more than 5% — a 16-year high — as it continues its firefight against persistent inflation.…
College seniors are graduating into a job market in flux, but a handful of industries are still eager to hire
Millions of college seniors are donning their caps and gowns this week to walk across the stage and grab their hard-earned diplomas. They’ll also be walking into a labor market…
Nearly half of Americans are worried about the safety of their money in banks
Nearly half of Americans are now worried about the safety of their money in banks, according to a new Gallup poll. But the results are starkly divided between Democrats and…
Jenny Craig will close its doors after four decades in the weight loss and nutrition business, according to internal communications to employees reviewed by NBC News. In an email sent…
The news this week that the government has less than a month before it could start defaulting on its payments has accelerated deliberations about how to avoid hitting the debt…
Regional bank stocks fell sharply Tuesday as the fallout from the third major bank failure this year continued to put pressure on the sector. Shares of PacWest fell 24% on Tuesday and…
Federal Reserve says it may stop interest rate hikes as banking concerns linger
The Federal Reserve on Wednesday raised interest rates for the 10th consecutive meeting, but signaled those hikes might be done — thanks in part to jitters in the banking system.…
Backlash against AI supermodels triggers wider fears in fashion workforce
Plans by Levi’s to test out virtual clothing models generated by artificial intelligence drew swift backlash in the industry late last month. While the furor mainly focused on diversity concerns,…