Fed Official: SVB Itself was Main Cause of Bank's Failure

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Debt, Expenses Stress Lower Income Households: AP-NORC Poll

Debt, Expenses Stress Lower Income Households: AP-NORC Poll

FINANCE | By Cora Lewis and Hannah Fingerhut | Mar 25, 2023

Personal finances are a major source of stress for about half of the lower income households in the U.S., illustrating the toll of high inflation and economic uncertainty on those who can least afford it.

Bank Failures and Rescue Test Yellen's Decades of Experience

Bank Failures and Rescue Test Yellen's Decades of Experience

FINANCE | By Fatima Hussein | Mar 25, 2023

Working against the clock to stop a developing banking crisis, Treasury Secretary Janet Yellen had until sunset on Sunday, March 12, to come up with a plan to calm the U.S. economy.

Fed's Unwanted Ally in Bid to Tame Inflation: Credit Crunch

Fed's Unwanted Ally in Bid to Tame Inflation: Credit Crunch

FINANCE | By Paul Wiseman | Mar 24, 2023

The Federal Reserve is getting some unwanted help in its drive to slow the U.S. economy and defeat the worst bout of inflation in four decades: A cutback in bank lending.

Bitcoin Mining's Evolution: Past, Present, and Future

Bitcoin Mining's Evolution: Past, Present, and Future

FINANCE | Mar 24, 2023

You may be familiar with Bitcoin, but how many of you have considered how it is created? Fasten your seatbelts and get able to fall into the Bitcoin black hole.

Lindsay Lohan, Other Celebs Settle with SEC over Crypto Case

Lindsay Lohan, Other Celebs Settle with SEC over Crypto Case

FINANCE | By Alex Veiga | Mar 23, 2023

Actress Lindsay Lohan and other celebrities agreed to pay tens of thousands of dollars to settle claims they promoted crypto investments to social media followers without disclosing they were being paid.

Fed Raises Key Rate by Quarter-point Despite Bank Turmoil

Fed Raises Key Rate by Quarter-point Despite Bank Turmoil

FINANCE | By Christopher Rugaber | Mar 23, 2023

The Federal Reserve extended its fight against high inflation by raising its key interest rate by a quarter-point despite concerns that higher borrowing rates could worsen turmoil gripping the banking system.

Fed Facing a Blurrier Outlook as It Meets to Weigh Rate Hike

Fed Facing a Blurrier Outlook as It Meets to Weigh Rate Hike

FINANCE | By Christopher Rugaber | Mar 22, 2023

The Federal Reserve is grappling with a hazier economic picture, clouded by turmoil in the banking industry and still-high inflation, just as it meets to decide whether to keep raising interest rates.

WH Economic Report: Money for Child Care Would Help Growth

WH Economic Report: Money for Child Care Would Help Growth

FINANCE | By Josh Boak | Mar 21, 2023

The White House is making the case for more government support for child care programs in an economic report noting additional spending would improve kids' lives and enable more women to hold jobs.

Army of Lobbyists Helped Water Down Banking Regulations

Army of Lobbyists Helped Water Down Banking Regulations

FINANCE | By Brian Slodysko and Ken Sweet | Mar 21, 2023

The rollback was was leveraged with a lobbying campaign that cost tens of millions of dollars and drew an army of hundreds of lobbyists into the effort. It also was seeded with ample campaign contributions.

Will Americans End Up Footing the Bill for Bank Failures?

Will Americans End Up Footing the Bill for Bank Failures?

FINANCE | By Fatima Hussein | Mar 20, 2023

The government's response to the failure of two large banks has already involved hundreds of billions of dollars. So will ordinary Americans end up paying for it, one way or another?

Millennial Money: Job Plus a Side Gig? Avoid These Mistakes

Millennial Money: Job Plus a Side Gig? Avoid These Mistakes

FINANCE | By Elizabeth Ayoola, Nerdwallet | Mar 19, 2023

Before you get your hands dirty in the sometimes chaotic combination of formal employment and entrepreneurship, here are a few pitfalls to avoid.

Silicon Valley Bank Collapse Concerns Founders of Color

Silicon Valley Bank Collapse Concerns Founders of Color

FINANCE | By Kat Stafford and Claire Savage | Mar 19, 2023

In the hours after some of Silicon Valley Bank's biggest customers started pulling out their money, a WhatsApp group of startup founders who are immigrants of color ballooned to more than 1,000 members.

Kimberly Palmer: How to Fight the 'Pink Tax' Amid Inflation

Kimberly Palmer: How to Fight the 'Pink Tax' Amid Inflation

FINANCE | By Kimberly Palmer, NerdWallet | Mar 18, 2023

The phenomenon known as the "pink tax," when products and services aimed at women cost more than their counterparts aimed at men, is well-documented across many goods and services

Yellen Declares Bank System Sound, as New Rescues Ordered

Yellen Declares Bank System Sound, as New Rescues Ordered

FINANCE | By Fatima Hussein | Mar 17, 2023

Treasury Secretary Janet Yellen offered firm reassurances to rattled bank depositors and investors Thursday, even as American financial institutions and European agencies ordered fresh rescue efforts.

Claims Falsely Link 'Woke' Policies to Bank's Demise

Claims Falsely Link 'Woke' Policies to Bank's Demise

FINANCE | By Philip Marcelo | Mar 16, 2023

As Wall Street reels from the swift demise of Silicon Valley Bank — the biggest American bank failure since the 2008 financial meltdown — some social media users are honing in on a single culprit.

Is My Money Safe? What You Need to Know about Bank Failures

Is My Money Safe? What You Need to Know about Bank Failures

FINANCE | By Adriana Morgan | Mar 15, 2023

The recent failures of Silicon Valley Bank and Signature Bank, which catered mostly to the tech industry, may have you worried about your money.

How Washington Came to Rescue U.S. Banks

How Washington Came to Rescue U.S. Banks

FINANCE | By Lisa Mascaro, Chris Megerian, and Paul Wiseman | Mar 15, 2023

At the core of the problem was tens of billions of dollars sitting in Silicon Valley Bank accounts that were not protected by federal deposit insurance, which only goes up to $250,000.

The Oregon Lottery: When You Play, Oregon Wins

The Oregon Lottery: When You Play, Oregon Wins

SPONSORED CONTENT | Mar 14, 2023

Oregonians win big lottery prizes quite often, and every day, every resident of Oregon wins thanks to funds generated by Lottery games played across the state.

U.S. Government Moves to Stop Potential Banking Crisis

U.S. Government Moves to Stop Potential Banking Crisis

FINANCE | By Ken Sweet, Christopher Rugaber, Chris Megerian, and Cathy Bussewitz | Mar 13, 2023

The U.S. government took extraordinary steps to stop a potential banking crisis after the failure of Silicon Valley Bank, assuring depositors that they could access all their money quickly.

Here's What Biden's Budget Would Mean — if It Had a Chance

Here's What Biden's Budget Would Mean — if It Had a Chance

FINANCE | By Chris Megerian | Mar 10, 2023

Many of the key proposals are designed to draw sharp contrasts with Republicans. Here are some of the highlights of Biden's plan.

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