Mar 27 Train derails in rural North Dakota and spills chemical By Associated Press A Canadian Pacific train derailed in rural North Dakota Sunday night and spilled hazardous materials. But local authorities and the railroad said there is no threat to public safety. Continue reading
Mar 27 First Citizens strikes deal to acquire troubled Silicon Valley Bank By Associated Press While more than half of Silicon Valley’s assets will remain in U.S. receivership, the First Citizens deal announced late Sunday, at least initially, seemed to achieve what regulators have sought: a shoring up of trust in U.S. regional banks. Continue reading
Mar 24 Michigan becomes 1st state in decades to repeal ‘right-to-work’ law By Joey Cappelletti, Associated Press Michigan Gov. Gretchen Whitmer has signed legislation to repeal the state's decade-old "right-to-work" law, which was passed by a Republican-controlled Legislature. Continue reading
Mar 24 France bans TikTok, Twitter from government staff phones amid security concerns By Associated Press The move Friday follows similar restrictions on TikTok in democratic countries amid fears about the popular video-sharing app's Chinese connections. Continue reading
Mar 24 Shares of Germany’s largest lender Deutsche Bank fall amid global jitters over banks By David McHugh, Associated Press Shares in Deutsche Bank, Germany's largest lender, have fallen sharply and dragged down major European banks as fears about the global financial system send fresh shudders through the market. Continue reading
Mar 23 1 million march in France, unions call for more pension protests during King Charles III visit By Sylvie Corbet, Alex Turnbull, Associated Press The announcement follows record turnout in Thursday's protest march in Paris against President Emmanuel Macron's unpopular bill to increase the retirement age from 62 to 64. Continue reading
Mar 23 Ford’s electric vehicle unit losing billions, as company invests in new technology By Tom Krisher, Associated Press Chief Financial Officer John Lawler said Model e should be viewed as a startup company within Ford. Continue reading
Mar 23 WATCH: TikTok CEO grilled by skeptical lawmakers on safety, content By Kelvin Chan, Haleluya Hadero, Farnoush Amiri, Associated Press U.S. lawmakers grilled the CEO of TikTok over data security and harmful content Thursday, responding skeptically during a tense committee hearing to his assurances that the hugely popular video-sharing app prioritizes user safety and should not be banned. Continue reading
Mar 22 Watch 8:03 Fed raises interest rates again in wake of bank failures By Amna Nawaz, Shoshana Dubnow, Dorothy Hastings The Federal Reserve raised interest rates again against the backdrop of troubles in the banking industry. The hikes are being blamed by some for weakening banks, but Fed policymakers stuck to their stance that higher rates are essential to bringing… Continue watching
Mar 22 Americans’ faith in banks hit low after failures, says AP-NORC poll By Paul Wiseman, Hannah Fingerhut, Associated Press Only 10 percent of U.S. adults say they have significant confidence in the nation's banks and financial institutions, a new poll finds. That is down from the 22 percent who said they had high confidence in banks in 2020. Continue reading