Banking crisis caused US bank deposits to fall even as insured deposits rose: FDIC
The FDIC's quarterly banking report found that total deposits in U.S. banks declined as uninsured deposits were withdrawn even as insured deposits rose amid the banking crisis.
Amazon agrees to settle Alexa and Ring privacy violation lawsuits for $30 million
Amazon agreed to settle two lawsuits with the Federal Trade Commission on Wednesday for about $30 million, regarding privacy issues with Alexa assistant and Ring doorbell.
Number of billionaires worldwide falls, collective wealth dips
The global billionaire population declined last year according to the latest Billionaire Census, but the United States still holds far more than any other country.
Biden admin reviewing whether to lift tariffs on imports from China
The Biden administration is in the middle of a review of tariffs on a variety of imported goods from China. A decision could be made before the end of the year.
US 'won't tolerate' China's ban on chipmaker Micron
Commerce Secretary Gina Raimondo said the U.S. "won't tolerate" China's move to ban Micron's chips from critical infrastructure in China over vague national security concerns.
Apple and Fintiv to negotiate potential settlement of patent infringement claims for Apple Pay, Apple Wallet
Apple and Fintiv will participate in a court-ordered settlement conference in early June in an effort to settle Fintiv's patent infringement claims against Apple.
JPMorgan, US Virgin Islands trade allegations over enabling Jeffrey Epstein's sex trafficking of girls
JPMorgan Chase and the U.S. Virgin Islands are battling in court over allegations of condoning Jeffrey Epstein's sex trafficking of young girls.
Suspected China-based fentanyl suppliers raking in tens of millions in crypto, analysis shows
China-based companies suspected of producing chemicals for illicit fentanyl manufacturing have received at least $38 million in cryptocurrency payments since 2018, Chainalysis says.
AI is already speeding up drug development and reducing animal testing
AI-driven technology developed by VeriSIM Life accelerates drug development and reduces the need for animal testing by analyzing pharmaceuticals before human trials.
Pfizer's diabetes pill shows similar weight loss results as Ozempic
Pfizer's oral diabetes drug could join the lineup of sought-after drugs tackling weight loss. A recent study showed promising weight loss results in those with Type 2 diabetes.
Positive marijuana tests following workplace accidents highest in 25 years
2022 marked the year that drug tests administered following workplace accidents showing positive results for marijuana reached the highest level in 25 years: Quest Diagnostics.
China slaps restrictions on US company over 'national security' risks as chip war escalates
The Chinese government announced restrictions on imports of Micron Technology's semiconductors, citing "national security risks" with the U.S. chipmaker's products.
Walgreens agrees to pay nearly $230 million for San Francisco opioid settlement
San Francisco said on Wednesday it reached a $230 million settlement with Walgreens Boots Alliance Inc over its role in the city’s opioid epidemic.
Regional bank shares rally on Western Alliance deposit growth
Regional banks saw their share prices jump Wednesday in the wake of the banking crisis as Western Alliance Bank announced strong growth in its deposit base.
DOJ 'turning a blind eye' as Biden corruption informant reportedly goes missing, says GOP rep
Rep. Tim Burchett, R-Tenn., confirmed the GOP's search for a missing Biden corruption informant is still ongoing, but the FBI and DOJ are doing nothing to help.
Yellen: 'A growing China that plays by international rules' is 'good for the US'
Treasury Secretary Janet Yellen said Friday economic growth in China will benefit the U.S., provided the country "plays by international rules."
FDIC wants big lenders to shoulder Silicon Valley, Signature bank busts
The FDIC announced a proposed special assessment on large banks that would recoup the $15.8 billion pulled from an insurance fund following the failures of Silicon Valley Bank and Signature Bank.
House Republicans resume favorite pastime: bashing Gary Gensler and demanding SEC documents
House Republicans are growing tired of SEC Chairman Gary Gensler's antics over internal documents requested by Congress intended to shed light on the agency's goals.
US weighs restrictions on investment in Chinese AI firms
The U.S. government is planning an outbound investment screening mechanism that would potentially review overseas investments in sensitive technologies, including Chinese AI firms.
FDA considering approval of first over-the-counter birth control pill
The Food and Drug Administration is nearing its decision on whether to allow HRA Pharma to sell its Opill birth control pill in the U.S. without requiring a prescription.