As PacWest shares dive, are we seeing the 2008 financial crisis all over again?
If the current banking crisis looks like '08, sounds like '08 and feels like '08, is it '08 all over again? Using abductive reasoning, the answer is yes.
2023-05-12 01:52
Italian pasta prices are soaring. Rome is in crisis talks with producers
Italy's government convened crisis talks Thursday to investigate the reasons behind a surge in prices for pasta, one of the country's most beloved and culturally important foods.
2023-05-12 01:17
Peloton is recalling more than 2 million exercise bikes. Here's why
Peloton is recalling more than 2 million of its exercise bikes because the bike’s seat post assembly can break during use, posing fall and injury hazards
2023-05-11 23:49
Big banks could face billions more in FDIC fees after bank collapses
The Federal Deposit Insurance Corporation's board of directors approved a proposal to raise the fees banks pay to have depositors' money insured.
2023-05-11 23:16
Norfolk Southern unveils compensation plans for homeowners near derailment site
Norfolk Southern is spelling out how it will compensate East Palestine, Ohio, homeowners whose homes lost value due to the railroad's February derailment.
2023-05-11 22:21
Peloton is recalling 2 million bikes because seats could break in the middle of a ride
Peloton is recalling 2 million bikes because of a safety hazard caused by the adjustable seat that could break during use and injure the rider.
2023-05-11 22:17
PacWest Bank shares fall 30% as crisis prompts customers to yank deposits
Shares of PacWest Bancorp fell 30% and were halted for volatility Thursday morning after the regional bank reported that customers had recently drawn down about 9.5% of total deposits.
2023-05-11 21:56
GM Envolve takes direct aim at Ford's fleet business
With a new business unit introduced Wednesday, General Motors is taking direct aim at Ford Motor Co.'s lucrative fleet business. GM Envolve will work closely with large business and government fleet customers to tie them more closely to GM's other businesses.
2023-05-11 21:51
White House wants to ban use of salary history in setting pay for new federal hires
Whether one's paycheck can keep pace with inflation is always a concern. But for women, the question is also can their pay keep pace with their male peers?
2023-05-11 20:56
Jerome Powell is losing America's confidence
Americans are losing faith in Federal Reserve Chair Jerome Powell. That's bad news.
2023-05-11 20:23
One dead in shooting at Mercedes-Benz plant in Germany
One person has been killed and another seriously injured in a shooting at a Mercedes-Benz plant in Sindelfingen, southern Germany, according to police.
2023-05-11 16:59
Global companies warn of slower-than-expected recovery in China
China's first few months of reopening to the world hasn't gone as planned for global businesses.
2023-05-11 13:22