World

Berkshire Hathaway’s Charlie Munger said on Monday that a storm is brewing in commercial property market, as property prices fall and banks deal with bad loans.

The Treasury Department said Monday that the deposits of former customers at collapsed First Republic Bank are safe because the banking system remains sound and resilient.

Experts say national drug shortages, caused by manufacturing problems, demand spikes, and tightened ingredient supply lines, have no clear resolution and could persist for years.

PNC Financial Services is on the inside track of bidding on First Republic Bank, as the bidding deadline looms and the struggling bank's stock were free-fall earlier this month

The FDIC set a Sunday deadline for bidding on First Republic Bank and has asked JPMorgan Chase & Co., PNC Financial Services Group, and other banks to send final bids.

Ohio Sen. Sherrod Brown urged young residents in the Buckeye State to take up trade jobs and insisted they “don't need a college degree."

JPMorgan Chase & Co. and PNC Financial Services Group are expected to bid to buy First Republic Bank after it is taken over by the FDIC.

A Brigham Young University-led study has found that AI language model ChatGPT is susceptible to simple mathematical errors and is often an unreliable accountant.

An internal review of the Federal Deposit Insurance Corporation’s supervision of Signature Bank concluded “poor management" led to the bank’s failure.

Shares of First Republic Bank tanked on Friday amid reports of uncertainty about whether the lender could see a rescue deal.

Soft skills are important in today's job market and may lead to being hired. The skills include active listening, empathy, resourcefulness, ability to work in a group and more.

Staff members of the U.S. consultancy firm Bain & Company were recently questioned by police officers at the company's Shanghai office.

Real GDP increased at an annual rate of 1.1% in the first quarter of 2023, after rising 2.6% in the fourth quarter of 2022, according to the BEA's advance estimate.

Eli Lilly's tirzepatide, which is approved to treat Type 2 diabetes and sold under the brand name Mounjaro, could become the most effective weight loss treatment.

The World Bank expects much of the fall that has already occurred to now be steady for the remainder of the year, with prices possibly lifting in 2024.

His Majesty King Charles III will be formally crowned May 6 with a weekend of celebrations throughout the UK

Sen. Ted Cruz and Rep. Jim Jordan wrote to San Francisco Federal Reserve Chair Mary Daly to request information on the Fed's supervision of Silicon Valley Bank prior to its failure.

A senior executive of Citigroup has been let go from the multinational bank after his connections with disgraced financier Jeffrey Epstein were made public.

Holtec Decommissioning International is looking to restore the Palisades Nuclear Generating Station. This would be the first time this has been done in the history of the U.S.

Conservative Dad's Ultra Right Beer will reach $1 million in sales just weeks after its mid-April launch, making waves in the beer industry amid the Bud Light controversy.