Business

EllenMoran/Getty Images (WASHINGTON) — The Department of Transportation will send proposed legislation to Congress Monday asking legislators to ban so-called family seating fees on flights. The proposal follows calls from President Joe Biden to get rid of “junk fees” — including extra costs on airline tickets so families can sit together. The proposal would prohibit […]

(WASHINGTON) — The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation announced Sunday that they will make additional funding available to ensure all Silicon Valley Bank deposits, both insured and uninsured, will be paid in full. “After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and consulting with the […]

(WASHINGTON) — Americans lost $10.3 billion to a wide variety of internet scams last year, according to an FBI report released this month. The losses were the highest in five years, according to the annual report from the FBI. The bureau’s Internet Crime Complaint Center (IC3) lodged more than 2,000 complaints per day. The most […]

(NEW YORK) —  The largest bank failure since the 2008 crisis has triggered a major U.S. government intervention to protect the financial system. Silicon Valley Bank, the nation’s 16th largest bank, collapsed on Friday, forcing a government takeover and calling into question the fate of almost $175 billion in customer deposits. On Sunday, Signature Bank, […]

(NEW YORK) — A New York City woman has gone viral for tweeting about her fight for equal pay. Kimberly Nguyen, a 25-year-old user experience writer, tweeted earlier this month that she saw a job listing for a full-time position with her company that pays as much as $90,000 more than what she makes as […]

(WASHINGTON) — The Justice Department and Securities and Exchange Commission are probing the collapse of Silicon Valley Bank, according to two people familiar with the situation. The probes, which are separate, are in the preliminary stages and it is not clear whether any wrongdoing has been committed. It is not uncommon after a large public collapse […]

(NEW YORK) — The failure of Silicon Valley Bank, the second-biggest bank collapse in U.S. history, called into doubt the fate of roughly $175 billion in customer deposits. Days later, the U.S. government guaranteed the protection of all Silicon Valley Bank deposits but the turmoil left Americans with a lingering question: Is my money safe in […]

(NEW YORK) — The collapse of Silicon Valley Bank, the second-biggest bank failure in U.S. history, took place over less than 48 hours. Customers withdrew $42 billion — nearly a quarter of the bank’s total deposits — within a single day last week. The speedy bank run has raised questions about the fragility of financial institutions […]

(NEW YORK) — Silicon Valley Bank’s failure on Friday raises concerns over the potential impacts on the climate technology industry, where SVB was heavily involved. “They went out of their way to attract entrepreneurs, to attract companies in the technology industry. They were one of the first banks to have a dedicated, clean energy sustainable finance […]

Dairy Queen (NEW YORK) — There’s a new sweet treat on the menu at Dairy Queen for a limited time. The ice cream chain, known for its soft serve cones dipped in a quick-hardening shell, has added a new churro-flavored option to the menu. For a limited time, customers can order the cinnamon-sugar-topped Churro Dipped […]