Biden tells US to have confidence in banks after 2 collapse

President Joe Biden on Monday told Americans the nation’s financial systems were safe, seeking to project calm following the swift and stunning collapse of two banks that prompted fears of a broader upheaval.

US government says all Silicon Valley Bank clients will have access to funds

The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after Friday's historic failure of Silicon Valley Bank, the second-largest bank failure in U.S. history.

BP CEO pay doubles to $12M as energy profits surge

BP's profit doubled to $28 billion as Russia’s invasion of Ukraine sent oil and gas prices soaring.

Silicon Valley Bank seized by California regulators amid bank run
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Silicon Valley, the nation's 16th largest bank, collapsed on mar. 10 as depositors rushed to withdraw their money after the bank revealed a big loss on its bond holdings. The bank is now controlled by California regulators, and officials with FDIC say insured depositors will have access to their money by Monday. This marks the largest failure of a financial institution in the U.S. since Washington Mutual in 2008, during the height of a financial crisis that led to the Great Recession.

February jobs report brings good news for workers, but also new worries
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According to recently released numbers from the February jobs report, employees added more than 300,000 jobs during that month. While that is great news for workers, it could also mean another interest rate hike by the fed, as it tries to tamp down inflation. Reporter Caroline Shively has more.

Silicon Valley Bank seized by regulators

Silicon Valley Bank, known as SVB, is the largest bank failure since the height of the 2008 financial crisis.

Gas prices increase, but the tide may change: AAA

Gas prices increased for the week ending March 9, 2023. But global oil costs, low demand and other factors may lead to a drop in gas prices.

More Americans skipping college and turning to jobs that don't require degrees

Americans who came of age during the pandemic are skipping college in large numbers. Many have rejected traditional college paths, turning instead to hourly jobs or careers that don’t require a degree.

Aldi suffers Easter marshmallow blunder: 'We can’t even defend this one'

An Easter Bunny marshmallow snack from Aldi caught the attention of many Twitter users after a shopper posted a photo, showing the suggestively-shaped snacks.

Half of Americans say they're financially worse than last year: survey

Half of Americans say they are worse off financially than they were a year ago, according to a new poll. Here’s how to manage your budget in any economy.

General Motors offers buyouts for U.S. employees and executives

General Motors is offering salaried employees a voluntary buyout as it seeks to reduce costs by $2 billion over the next two years. "Taking this step now will help avoid the potential for involuntary actions," a company letter said.

Flipping Girl Scout Cookies: Arizona man sells limited edition offerings online at a much higher price

For 2023, the Raspberry Rally Girl Scout cookie flavor has been a hit, with the limited edition flavor selling out quickly. However, there is now a resale market of sorts for the special cookie.

Adidas figuring out what to do with all their Yeezy shoes after split with Ye

The company's CEO said Wednesday that selling the popular line of shoes would mean paying royalties to Ye. He says destroying them could raise "sustainability issues,” while restitching them for resale “is not very honest.”

The Fed is expected to raise its interest rate hikes this year

The Fed is expected to increase its interest rate hikes after recently slowing down the pace. Fed Chair Jerome Powell told a Senate panel that the central bank may keep raising rates in light of stubborn inflation and a growing economy. Here’s how to deal with high-interest debt under any economic condition.

SunnyD launches new line of hard seltzers

SunnyD, the tangy orange drink that grew a dedicated fan base in the '90s, has entered the hard seltzer market.

Here's why some Arizona Department of Corrections inmates are helping build homes

A company in Chandler says it's only had positive experiences with Arizona Department of Corrections inmates coming on board, leaving the confines of their cells Monday through Friday, and helping build homes in Arizona.

How to pay off $10,000 in credit card debt

If you’re carrying thousands of dollars in credit card debt, learn about these potential solutions.