Biden backs tougher penalties for executives of failed banks in wake of collapses
President Biden released a statement Friday encouraging harsher penalties on bank executives who mismanage their institutions into financial collapse.
Delta flight to Atlanta diverted to Dallas over 'unruly passenger'
A Delta Air Lines flight to Atlanta made an unexpected landing in Dallas early this morning due to the behavior of an “unruly passenger,” the airline says.
Silicon Valley Bank's holding company files for Chapter 11 bankruptcy protection in NY
SVB Financial Group on Friday announced it has filed for Chapter 11 bankruptcy protection in the Southern District of New York in order to preserve its value.
Berkshire-owned railway says train that derailed in Arizona was carrying corn syrup, not hazardous material
A BNSF Railway train carrying corn syrup derailed Wednesday evening near Topock, Arizona — the latest in a series of similar accidents nationwide.
California school board sues TikTok, Snap, Google over youth mental health crisis
A California school board is suing some social media companies over the content delivered to children and their practices.
FBI arrests exiled Chinese social media mogul in alleged $1B fraud scheme used to fund luxurious NYC lifestyle
The FBI arrested exiled Chinese businessman Ho Wan Kwok, also known as "Miles Guo," in an alleged $1 billion fraud scheme used to fund his luxurious lifestyle in the New York City area.
Willow Project to deliver jobs, billions in government revenue
President Joe Biden's approval of the Willow Project is expected to net billions in tax revenue and create new jobs on Alaska's North Slope as ConocoPhillips moves forward.
Biden formally submits Julie Su's nomination for labor secretary to the Senate
President Biden formally sent Julie Su's nomination to be the next secretary of labor to the senate on Tuesday, the White House announced.
Silicon Valley Bank committed 'one of the most elementary errors in banking,' Larry Summers says
Former Treasury Secretary Larry Summers said Silicon Valley Bank made an "elementary" mistake in banking that led to its collapse and takeover by federal regulators.
GM scouts ways to integrate AI ChatGPT into 'everything': report
General Motors is reportedly looking into ways to integrate the artificial intelligence bot ChatGPT into its vehicles as Microsoft continues to invest in the product.
Former Obama official worked at Silicon Valley Bank before collapse that rattled American economy
An official who served in the Treasury Department under former President Obama was also a board member of Silicon Valley Bank before its collapse last week.
Silicon Valley Bank gave company-wide bonuses hours before it collapsed: report
Silicon Valley Bank gave its employees their annual bonuses on Friday just hours before the federal government took control of the bank to halt its collapse.
Andrew Yang warns of 'mass layoffs,' calls for government intervention after Silicon Valley Bank collapse
Andrew Yang, a businessman and Democratic political candidate in multiple races, urged for government action on the collapse of Silicon Valley Bank warning of mass layoffs.
Silicon Valley Bank collapse: California governor says he's working with FDIC to 'stabilize' situation
California Governor Gavin Newsom said in a statement that he's working with the White House and Federal Deposit Insurance Corporation after Silicon Valley Bank was shut down by regulators.
Silicon Valley Bank touts Forbes 'best bank' nod days before becoming largest failure since Great Recession
Days before Silicon Valley Bank collapsed, the bank praised itself for being named onForbes magazine's annual ranking of "America's Best Banks" for five years in a row.
Florida woman wins $1M lottery after nearly throwing away winning ticket
A woman in Florida has won $1 million from a $50 scratch-off game, and she says she almost threw her winning ticket away because she didn't think she won.
Ohio first responder calls decision to do 'controlled release' of 5 tank cars instead of 1 'jaw-dropping'
A first responder testifying about the Norfolk Southern toxic train derailment in Ohio says the decision to vent and burn five tank cars instead of one widened the “impact” area.
Norfolk Southern CEO apologizes for East Palestine, Ohio, train derailment in Senate testimony
Norfolk Southern CEO Alan Shaw testified that he's "deeply sorry" about the East Palestine, Ohio, derailment before the Senate Committee on Environment and Public Works Thursday.
Long-distance real estate investment in residential properties a hotbed in US South and Midwest
Long-distance real estate investment in single-family rental homes is growing amid inflationary pressures, interest rate hikes and an influx of instructional investors.
Newsom ends California's contract with Walgreens over abortion drug dispute: 'We're done'
Governor Gavin Newsom decided not to renew a $54 million contract with Walgreens in response to the company's decision not dispense abortion drugs in certain states for legal reasons.