Finance

The Senate Banking Committee announced that it will hold a hearing this week in the wake of the failure of First Republic Bank, which was acquired Monday by JPMorgan Chase.

Shares of Uber are higher on Tuesday after the ride-sharing company reported growth in gross customer bookings and deliveries in the first quarter of 2023.

Berkshire Hathaway’s Charlie Munger said on Monday that a storm is brewing in commercial property market, as property prices fall and banks deal with bad loans.

The Treasury Department said Monday that the deposits of former customers at collapsed First Republic Bank are safe because the banking system remains sound and resilient.

PNC Financial Services is on the inside track of bidding on First Republic Bank, as the bidding deadline looms and the struggling bank's stock were free-fall earlier this month

The FDIC set a Sunday deadline for bidding on First Republic Bank and has asked JPMorgan Chase & Co., PNC Financial Services Group, and other banks to send final bids.

JPMorgan Chase & Co. and PNC Financial Services Group are expected to bid to buy First Republic Bank after it is taken over by the FDIC.

A Brigham Young University-led study has found that AI language model ChatGPT is susceptible to simple mathematical errors and is often an unreliable accountant.

An internal review of the Federal Deposit Insurance Corporation’s supervision of Signature Bank concluded “poor management" led to the bank’s failure.

Shares of First Republic Bank tanked on Friday amid reports of uncertainty about whether the lender could see a rescue deal.

Real GDP increased at an annual rate of 1.1% in the first quarter of 2023, after rising 2.6% in the fourth quarter of 2022, according to the BEA's advance estimate.

A senior executive of Citigroup has been let go from the multinational bank after his connections with disgraced financier Jeffrey Epstein were made public.

Conservative Dad's Ultra Right Beer will reach $1 million in sales just weeks after its mid-April launch, making waves in the beer industry amid the Bud Light controversy.

Republican senators wrote a letter to the Biden administration Tuesday, urging it to take action against cloud computing firms with links to China.

A 50-year-old grandma from New Jersey, has won the $1 million prize on the lottery app, Jackpocket. She reportedly plans to use some of her winnings to take her 10 grandkids to Disney.

A representative of a North Korean bank was indicted Monday and his co-conspirators were sanctioned for their involvement in a cryptocurrency money laundering scheme.

Amid Dylanm Mulvaney controversy, Bud Light's dollar share value loses almost the same amount as Coors Light and Miller Lite's dollar share gain in latest week.

LVMH shares hit a record high on Monday, pushing the luxury brands giant above $500 billion in market value and making it the first European company to reach the mark.

Bitcoin is at its highest level in 10 months breaching the $30,000 marker ahead of Wednesday’s March consumer price index (CPI) data from the Labor Department and subsequent response from the U.S. Federal Reserve

Audit firm KPMG LLP flagged potential losses on loans as a critical matter for Silicon Valley Financial but missed the inherent bond losses and unreliable deposits that took the financial institution down, the Wall Street Journal reported.