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 injuries on her legs and to pick…
Editor's Pick
Backlash against AI supermodels triggers wider fears in fashion workforce
by
0 comment
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,…
First Republic Bank has been taken over by federal regulators and will be sold to JPMorgan — making it the third major bank to go under in less than two…
Editor's Pick
Federal Reserve confronts ‘contradictory’ economy today as it considers next interest rate hike
by
0 comment
High prices. High interest rates. Slowing growth. It would all seem to spell an economic downturn. Indeed, many consumers would agree that between inflation and tighter credit conditions — and…
Editor's Pick
GM to end production of electric Chevy Bolt, its first mass-market EV, this year
by
0 comment
DETROIT — General Motors plans to end production of its electric Chevrolet Bolt models by the end of this year, CEO Mary Barra told investors Tuesday when discussing the company’s first-quarter earnings. The…
Editor's Pick
Disney sues Florida Gov. Ron DeSantis over control of self-governing district
by
0 comment
The Walt Disney Co. on Wednesday filed a lawsuit in federal court against Florida Gov. Ron DeSantis and other officials alleging a ‘targeted campaign of government retaliation’ after the company…
Editor's Pick
Thousands of SVB staffers to receive $25 million in payroll stuck in stock purchase program
by
0 comment
About 4,000 employees of Silicon Valley Bank are set to receive $25 million that has been trapped for weeks in an employee stock purchase program, according to the Federal Deposit…
Editor's Pick
First Republic bank says deposits tumbled 40% to $104.5 billion in the first quarter
by
0 comment
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 two other mid-sized banks and sparked fear from…
Editor's Pick
First Republic’s stock sinks as analysts monitor banking sector stress, despite some improvements
by
0 comment
First Republic Bank’s stock nearly halved in value Tuesday, a day after it reported an exodus of deposits in the first quarter. Trading of First Republic shares was halted several…
Economy
Republicans demand answers from regulators on possible Chinese exposure of Americans’ financial data
by
0 comment
EXCLUSIVE: Two Republican members of Congress are demanding answers from top financial regulators concerning the possibility Americans’ financial data may have been, or is at risk of being, exposed to…