Top U.S. News

Job openings in the U.S. fell to their lowest level since April 2021, the latest Job Openings and Labor Turnover Survey, or JOLTS report revealed on Tuesday. 9.6 million job openings existed at the end of March, down from 9.9 million in February. In...

Regulators from the Federal Deposit Insurance Corporation seized the struggling First Republic Bank early on Monday, agreeing to sell the bulk of the bank's operations to JPMorgan Chase. This constitutes the largest banking failure since the 2008 financial crisis. JPMorgan agreed to seize $173 billion...

First Republic will likely be the latest victim of the U.S. banking crisis. According to Reuters, the bank will be taken over by Federal Deposit Insurance Corporation (FDIC) after recent rescue attempts didn’t have a positive outcome. Unlike several other mid-sized banks like Signature Bank...

Federal Deposit Insurance Corporation (FDIC) released a report detailing the collapse of Signature Bank and identified “poor management” as the main reason why the New York City-based bank folded. Signature Bank went out of business in March after a bank run caused by the failure...

First Republic’s stock took a huge hit on Tuesday, dropping almost 50% after the San Francisco, California, based bank revealed an outflow of deposits in March. According to an earnings report shared on Tuesday, First Republic has lost 40.8% of deposits during the first quarter...

It appears that the retailer Bed Bath & Beyond failed in its attempts to avoid bankruptcy. According to a report by Wall Street Journal, the company is currently “preparing” to file for Chapter 11 and is expected to do so as early as this...