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 customers about widespread bank failures.…
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Business
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Bed Bath & Beyond filed for Chapter 11 bankruptcy Sunday, with plans to wind down its entire business. The beleaguered company has laid out what the action means for its customers in an online FAQ…
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Bed Bath & Beyond filed for Chapter 11 bankruptcy protection Sunday, ending a tumultuous chapter for the struggling home goods retailer. The company had spent the past year announcing a series of job cuts and…
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DEARBORN, Mich. — New video footage of a fire involving a Ford F-150 Lightning this year highlights a growing concern around electric vehicles: volatile fires from the batteries that power them. The previously unreleased footage, which CNBC…
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Attorneys general in 17 states on Thursday urged the federal government to recall millions of Kia and Hyundai cars because they are too easy to steal, a response to a sharp increase in thefts fueled…
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A California state court jury on Friday handed Tesla a sweeping win, finding that the car maker’s Autopilot feature did not fail to perform safely in what appears to be the first trial related to a…
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BuzzFeed News is shutting down. In an email to staff shared with NBC News, BuzzFeed Inc. CEO and co-founder Jonah Peretti said the move was part of a 15% workforce reduction across a number of…
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The Federal Trade Commission’s public comment period for its proposal to ban noncompete agreements closed Wednesday, just as major business groups ramped up their campaign against it. In series of letters this week to the…
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Disney is preparing to take its fight with Florida Gov. Ron DeSantis and his GOP allies in the state legislature to the next level, according to people familiar with the matter. With just weeks until Florida’s…
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As part of its plan to cool inflation, the Federal Reserve has raised interest rates to their highest levels in nearly two decades. The idea is to make borrowing, investing and hiring more expensive, thereby…