Banking: ‘Take-under’ deal for Silicon Valley Bank fuels $9.5 billion profit for First Citizens Bancshares
First Citizens gained nearly $10 billion on the value of its purchase of Silicon Valley Bank's assets in a so-called take-under deal that stood out...
Key Words: Lawrence Lindsey sees Fed continuing rate hikes into 2024, with terminal rate having a ‘6 handle’
Former Federal Reserve Governor Lawrence Lindsey said Wednesday he thinks the Fed will need to push rates up until they reach 6% sometime in 2024.
Financial Crime: Amazon allegedly duped people into subscribing to Prime and made it nearly impossible to cancel. Here’s how the feds say they did it.
The FTC says Amazon used ‘manipulative tactics' to sucker customers into signing up for its signature subscription program.
: Amazon sued by FTC, which alleges people were ‘tricked and trapped’ into Prime subscriptions
Amazon was sued by the FTC, which alleged the e-commerce giant "duped" consumers into recurring Amazon Prime subscriptions.
: Group of medical associations file suit saying price setting provisions in Inflation Reduction Act are ‘unconstitutional’
A group of medical associations filed a suit in Texas Wednesday alleging that the price setting provisions in the Inflation Reduction Act are unconstitutional. The...
Robert F. Kennedy Jr.’s presidential run gets support from Wall Street veteran Omeed Malik
Robert F. Kennedy Jr., who's known for his powerful family ties and for pushing conspiracy theories, has attracted a group of rich supporters.
Main Street’s labor problem is weighing on business owners as summer hiring picks up
Small business owners are concerned about hiring this summer, as factors including inflation, child care and housing make for a difficult market.
Senators call PGA Tour, Saudi officials to testify about proposed deal
Senators called on officials from the PGA Tour, Saudi investment fund and LIV Golf to testify about the proposed PGA-LIV Golf deal
The taxpayer experience this year ‘vastly improved’ compared with 2022, report finds
The national taxpayer advocate said taxpayer experience vastly improved during the 2023 filing season. Here's what still needs to change.