Disney reportedly gives metaverse division the axe
Walt Disney Co.'s metaverse unit has reportedly been axed, according to a report published on Tuesday by the Wall Street Journal. Approximately 50 employees were affected.
If Fed didn't act on SVB insolvency, 'serious problems' would have arisen: Nellie Liang
Fox News senior congressional correspondent Chad Pergram says a final report on the Silicon Valley Bank collapse will come May 1.
Fed official testifies SVB collapse was textbook case of mismanagement
Fox News senior congressional correspondent Chad Pergram reports from Capitol Hill, where the Senate is holding its first hearing on banking failures.
San Fran Federal Reserve bank was 'asleep at the wheel' before SVB crash: Sen. Steve Daines
Sen. Steve Daines, R-Mont., provides an update after attending the first Senate hearing over recent banking failures.
Disney to begin laying off employees
Layoffs at the Walt Disney Company are reportedly commencing. Disney chief executive Bob Iger told employees in a memo that job cuts started this week.
Fed’s Barr calls Silicon Valley Bank a ‘textbook case of mismanagement’
The FDIC announced on Monday that First Citizens Bancshares Inc. is acquiring large pieces of SVB more than two weeks after the lender’s collapse caused turmoil in the banking system.
SVB collapse should've been 'extremely clear' to regulators: Michael Faulkender
Former Treasury Assistant Secretary for Economic Policy Michael Faulkender calls out federal regulators' 'arrogance' around macroeconomic factors.
Michigan becomes first state in decades to repeal 'right-to-work' law
Michigan has become the first state in decades to repeal a "right-to-work" law. Gov. Gretchen Whitmer, a Democrat, signed the legislation on Friday to praise from President Biden.
CCP is waging 'psychological warfare' on American youth: Rep. Buddy Carter
Rep. Buddy Carter, R-Ga., discusses Illinois enacting mandatory paid leave, the impact on businesses and national security concerns posed by TikTok.
Investors add $117B to money market funds amid banking turmoil
Data compiled by Investment Company Institute shows market fund assets ballooned to $5.13 trillion for the week ending on Wednesday, March 22, amid the banking crisis.
Mike Rowe celebrates more students forgoing college for apprenticeships: ‘Chickens have come home to roost’
Mike Rowe isn't anti-college or anti-education, but he admits experiencing a "gratifying" feeling knowing that more U.S. students are pursuing apprenticeships over college degrees.
Market nerves around bank-run contagion fears 'provides opportunity': Kenny Polcari
Slatestone Wealth chief market strategist Kenny Polcari says the 'hysteria' around the banking system is 'way overdone.'
Biden could stop inflation by reversing his energy policy: Bob Nardelli
Former Home Depot CEO Bob Nardelli discusses how the corporate layoffs sweeping the nation and banking worries are affecting the U.S. economy on 'Cavuto: Coast to Coast.'
Violent pension protests erupt in France
Royal expert Jonathan Sacerdoti on King Charles III canceling his visit to France due to violent unrest over President Macron's change to the retirement age.
Ryan Payne: 'Hot' job market 'not slowing down'
Kingsview Asset Management Partner Mario Veneroso and Payne Capital Management President Ryan Payne discuss the Federal Reserve's management of rate hikes, the labor market and provide their stock market outlooks.
Mike Rowe: 'Ship is starting to turn' on Americans' perception of college
'How America Works' host Mike Rowe discusses a rise in students enrolling in apprenticeships as opposed to college, and his nonprofit's work ethic scholarships.
Deutsche Bank shares sink: What to know
Shares for Deutsche Bank are down Friday amid concerns the German bank will pay higher costs for financial derivatives, called credit default swaps that insure bondholders against banks defaulting on debt.
Federal Reserve needs a more 'hands-off approach': Judy Shelton
Former Federal Reserve Board nominee Judy Shelton discusses rate hikes, her expectations for the economy and Chairman Powell's comments on the fiscal impact on inflation.
Indeed to lay off 15% of its staff
Texas-based Indeed is laying off 2,200 employees due to a decrease in job openings following a recent post-COVID boom. CEO Chris Hyams apologized in a Wednesday letter.
Florida's red-hot real estate market cooling down: 'Gone are the days of' bidding wars, broker says
Sandals Realty Group broker Amanda Glass says Florida's home sellers are reluctant to list in fear of facing higher mortgages, taxes and insurance costs elsewhere.