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Silicon Valley Bank seized by FDIC after largest failure since the Great Recession

By Ken Sweet, Associated Press

It is the second-largest bank failure in history, behind only the failure of Washington Mutual in 2008. The bank failed after depositors — mostly technology workers and venture capital-backed companies — began withdrawing their money creating a run on the…

WATCH: Biden hails economic progress after U.S. added 311,000 jobs in February

By Christopher Rugaber, Associated Press

America’s employers added a substantial 311,000 jobs in February, fewer than January’s huge gain but enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation.

U.S. economy adds 311,000 jobs in February despite Fed's rate hikes

By Chris Rugaber, Associated Press

America's employers added a substantial 311,000 jobs in February, fewer than January's huge gain but easily enough to keep pressure on the Federal Reserve to raise interest rates aggressively to fight inflation.

News Wrap: Russia launches large-scale attack across Ukraine

In our news wrap Thursday, Russia launched its biggest barrage in a month across Ukraine, Senate Majority Leader Mitch McConnell was hospitalized in Washington after a fall, the Senate confirmed President Biden's pick to lead the IRS, the FBI is…

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How to be a smarter shopper amid rising grocery bills

By Amna Nawaz, Casey Kuhn

It’s hard to miss that consumers are having to eat the cost of higher food bills. While overall inflation is down after hitting record highs last year, grocery prices were still 11.3 percent higher this January than in early 2022.

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Biden to seek more than $2.8 billion from Congress for 'cancer moonshot'

By Darlene Superville, Associated Press

President Joe Biden is requesting more than $2.8 billion in the federal budget proposal he's sending to Congress to help advance his cancer-fighting goals.

Ex-Goldman Sachs banker sentenced to 10 years in prison in 1MDB fraud

By Bobby Caina Calvan, Associated Press

Roger Ng was convicted last April by a U.S. District Court jury in Brooklyn. He was sentenced on Thursday. He continues to deny charges that he conspired with two other people to launder money and violate two anti-bribery laws.

Applications for U.S. jobless aid rise by the most in 5 months, layoffs stay historically low

By Matt Ott, Associated Press

The number of Americans applying for unemployment benefits last week jumped by the most in five months, but layoffs remain historically low as the labor market continues to be largely unaffected by the Federal Reserve's interest rate hikes.

General Motors offers buyouts to most U.S. salaried workers to trim costs

By Tom Krishner, Associated Press

General Motors' salaried workforce will be offered buyouts in an effort to trim costs as it makes the transition to electric vehicles.

California to end $54 million Walgreens contract after abortion pill dispute

By Adam Beam, Associated Press

California Gov. Gavin Newsom on Wednesday withdrew a $54 million contract with Walgreens after the pharmacy giant indicated it would not sell an abortion pill by mail in some conservative-led states.