Latest from Associated Press

• Mar 16, 2023

  Banks working on rescue plan for First Republic, AP sources say

  

  A group of Wall Street banks is planning a rescue package of around $30 billion for First Republic Bank, sources told The Associated Press on Thursday.

  Read MoreSaveShare
• Mar 14, 2023

  Meta cuts 10,000 jobs in second wave of layoffs since November

  

  Meta and other tech companies have been hiring aggressively in recent years but have recently begun to let some of those workers go.

  Read MoreSaveShare
• Mar 10, 2023

  Silicon Valley Bank is seized by U.S. after historic failure

  

  The bank’s failure arrived with incredible speed, with some industry analysts on Friday suggesting it was still likely a wise investment.

  Read MoreSaveShare
• Mar 10, 2023

  U.S. adds a robust 311,000 jobs despite Fed’s rate hikes

  

  Employers added a higher-than-expected 311,000 jobs, while unemployment rose from 3.4% to 3.6%.

  Read MoreSaveShare
• Feb 1, 2023

  Fed lifts rate by a quarter-point and signals more hikes ahead

  

  The increase is smaller than previous rate hikes but marks the Fed’s eighth hike since March in its fight to tame inflation.

  Read MoreSaveShare
• Dec 14, 2022

  Fed hikes key rate by a half-point and signals more to come

  

  Though smaller than its previous three-quarter-point hikes, the move will further heighten the costs of many consumer and business loans.

  Read MoreSaveShare
• Dec 8, 2022

  FTC sues to block Microsoft-Activision Blizzard $69 billion merger

  

  The Federal Trade Commission said Microsoft’s planned takeover could suppress competitors.

  Read MoreSaveShare
• Nov 30, 2022

  U.S. House votes to avert a nationwide rail strike, impose deal on unions

  

  The U.S. House moved urgently to head off the looming nationwide rail strike on Wednesday. The measure now heads to the Senate.

  Read MoreSaveShare
• Nov 4, 2022

  U.S. employers keep hiring briskly even in face of rate hikes

  

  The strongest gains were in health care and manufacturing. The 261,000 jobs added beat expectations.

  Read MoreSaveShare
• Nov 2, 2022

  Fed unleashes three-quarter point rate hike but hints at a pullback

  

  The Federal Reserve pumped up its benchmark interest rate Wednesday by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes.

  Read MoreSaveShare