Mar 13 Analysis: What Silicon Valley Bank collapse means for the U.S. financial system By William Chittenden, The Conversation SVB, as the bank is known, collapsed with lightning speed following a run on its deposits. Continue reading
Mar 13 Stocks fall and Wall Street fearful after SVB failure followed by second bank By Stan Choe, Associated Press Investors are worried that a relentless rise in interest rates meant to get inflation under control have hit a tipping point and may be cracking the banking system and broader economy. Continue reading
Mar 12 Federal government moves urgently to avert potential banking crisis By Ken Sweet, Christopher Rugaber, Chris Megerian, Cathy Bussewitz, Associated Press The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after the historic failure of Silicon Valley Bank, assuring depositors at the failed financial institution that they would be able to access all of their money quickly. Continue reading
Mar 12 Watch 8:15 Sen. Jon Tester on looming battles over debt, immigration in Congress By Lisa Desjardins, Kaisha Young As battle lines are being drawn for the 2024 presidential election, critical junctures are fast approaching in Congress on spending, the national debt, immigration policy and the military. Montana’s Democratic Sen. Jon Tester joins Lisa Desjardins to discuss some of… Continue watching
Mar 12 Yellen says there will be no bailout for collapsed Silicon Valley Bank By Chris Megerian, Associated Press Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money. Continue reading
Mar 11 Silicon Valley Bank's failure shakes companies worldwide, from wine country to London By Stan Choe, Bobby Caina Calvan, Associated Press It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world. Continue reading
Mar 10 Why more Americans are skipping college By Collin Binkley, Associated Press Colleges nationwide saw undergraduate enrollments drop 8 percent from 2019 to 2022, with continued declines even after the return to in-person classes, according to data from the National Student Clearinghouse. Economists say the impact could be dire. Continue reading
Mar 10 Watch 6:18 Another strong jobs report raises more questions about inflation and interest rate hikes By Geoff Bennett, Ryan Connelly Holmes The U.S. economy created 311,000 jobs in February, more than expected, as the unemployment rate rose to 3.6 percent. But that came as the labor force participation rate improved and more than 400,000 workers jumped back into the workforce, something… Continue watching
Mar 10 Watch 7:53 News Wrap: Trump faces possible indictment for alleged hush money payments In our news wrap Friday, former President Trump faces a possible indictment as he decides whether to testify before a grand jury in New York over his alleged role in hush money payments, China's President Xi Jinping was awarded a… Continue watching
Mar 10 Biden, EU leader to discuss proposal on electric vehicle tax credits By Aamer Madhani, Raf Casert, Associated Press President Joe Biden and European Commission President Ursula von der Leyen are set to outline a plan that the White House hopes can turn the page on a spat between the U.S. and European Union over electric vehicle tax credits. Continue reading