Commercial property debt creates more bank worries
With the banking industry in turmoil, regulators and analysts are growing increasingly concerned about commercial real estate debt, according to industry participants.
Regional banks are the 'backbone of our economy': Eric Cantor
Former House Majority Leader Eric Cantor argues federal regulators and large banks came to the bankruptcy rescue to ensure Americans' 'confidence' in regional banks.
Archegos founder Bill Hwang to seek dismissal of market-manipulation charges
Archegos Capital Management collapsed during a volatile stretch in the market in March 2021, leading to billions of dollars in losses for banks and investors.
US economy faces ‘very dire situation’ if Fed can’t keep rates high: Mike Lee
A 'Word on Wall Street' panel with Michael Lee Strategy's Mike Lee, Strategic Wealth Partners' Mark Tepper, Bulltick Capital's Kathryn Rooney Vera discuss market trends amid banking collapse volatility.
Janet Yellen is 'completely denying reality': Sen. Ron Johnson
Sen. Ron Johnson, R-Wis., argues the Biden administration has added more 'fuel to the fire' of stagflation.
Bed Bath & Beyond stock falls to 30-year low on reverse stock split plan
Shares of Bed Bath & Beyond hit a 30-year low on Monday following the retailer’s decision to propose a reverse stock-split to shareholders at a special meeting.
Amazon to cut 9,000 more jobs amid 'uncertain economy'
Amazon is eliminating an additional 9,000 roles as it works to streamline its costs and headcount. The company is trying to weather the uncertain economy.
New Starbucks CEO Laxman Narasimhan takes over for Howard Schultz
Laxman Narasimhan took over as the CEO of Starbucks two weeks earlier than expected. It comes just before Howard Schultz is set to appear before a U.S. Senate committee next week.
Disney managers told to identify layoff candidates, with 4K job cuts expected by April: report
The Walt Disney Co. is reportedly planning to lay off at least 4,000 current employees in April after CEO Bob Iger announced a plan to cut 7,000 jobs as a cost-saving measure.
People making $100K in these Democrat-run cities are taking a big pocket punch: Report
In New York City, Honolulu and San Francisco, your take-home pay ends up being less than $40,000 while making $100,00 annually, according to data from SmartAsset.
'Shark Tank' star Kevin O'Leary destroys 'really bad policy' in Democrat-run states
"Shark Tank" star and millionaire entrepreneur Kevin O'Leary says every American should be asking themselves why their money is being used to backstop bad policy.
American small businesses likely to ‘take the hit’ on SVB collapse: Javier Palomarez
Javier Palomarez, President and CEO of the United States Hispanic Business Council, discusses the Silicon Valley Bank collapse and its detrimental impact on small businesses’ access to capital.
Every bank failure does not constitute as a ‘national failure’: Doug Holtz-Eakin
Former Congressional Budget Office Director Doug Holtz-Eakin weighs in on Silicon Valley Bank’s highly-anticipated decision to file for chapter 11 bankruptcy on ‘Cavuto: Coast to Coast.’
US banking crisis is causing mounting ‘hysteria’ amongst investors: Kenny Polcari
SlateStone Wealth chief market strategist Kenny Polcari joined ‘Varney & Co.’ to discuss the U.S. banking crisis, predicting its impact on the stock market.
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.
Report shows $100K salary in big cities gives shocking low take-home pay
Laffer Tengler Investments CEO Nancy Tengler and maslansky+partners' Lee Carter attribute residents fleeing big cities to 'really bad policy.'
March Madness will cost employers $17B this year as workers slack off
The cost of lost worker productivity for employers due to March Madness will reach an eye-popping amount this year, Challenger, Gray & Christmas estimated.
Regulators likely played 'behind the scenes' role in First Republic's big bank bailout
The Wall Street Journal chief economics correspondent Nick Timiraos discusses the macro impact from America's biggest banks bailing out First Republic Bank.
Theater advertiser National CineMedia plans to cede control to lenders
National CineMedia, the largest movie-theater advertising business in North America is poised to file a prepackaged Chapter 11 bankruptcy after missing a debt payment.
Dollar General invests $100M in staffing, store enhancement
Discount retailer Dollar General is investing further into its staffing. However, its focus will be on 'investing in hours' according to CEO Jeff Owen,