Business

Silicon Valley Bank’s historic meltdown last week was largely attributed to deteriorating business conditions in the firm’s concentrated customer base and an ill-timed decision to invest billions of dollars in mortgage-backed securities. But long-time clients and others with…

As reports of near-miss incidents at U.S. airports pile up early into 2023, the Federal Aviation Administration is set to hold a summit next week to assess safety risks for travelers. FAA Acting Administrator Billy…

Etsy is warning sellers that the collapse of Silicon Valley Bank on Friday is causing delays in processing payments, according to an email from the company shared with NBC News. The online do-it-yourself goods mega…

Job creation decelerated in February but was still stronger than expected despite Federal Reserve efforts to slow the economy and bring down inflation. Nonfarm payrolls rose by 311,000 for the month, the Labor Department reported…

Silicon Valley Bank, one of the tech sector’s favorite lenders, is shutting down. The California Department of Financial Protection and Innovation said Friday that it was taking over and closing the distressed bank to protect…

Three years after the COVID-19 pandemic wiped out millions of jobs, a historic labor market recovery continues to pull in workers from all corners of the economy — and disabled workers are among the biggest beneficiaries.…

Silicon Valley Bank, one of the leading lenders to the tech sector, was shut down by regulators Friday over concerns about its solvency. The move caused a wider sell-off in stocks and sparked fears that…

A ‘technical issue’ was causing some Wells Fargo customers to see missing deposits in their accounts, the bank said Friday. In response to complains on Twitter, Wells Fargo representatives said that the issue may be…

It’s not just you: More U.S. customers than ever before report experiencing product and service problems. That’s according to the National Customer Rage Survey, a study of 1,000 respondents that has its roots in an…

Reese’s Peanut Butter Cups are getting the vegan treatment. The Hershey Co. said Tuesday that Reese’s Plant Based Peanut Butter Cups, which go on sale this month, will be its first vegan chocolates sold nationally.…