Business

Jakub Porzycki/NurPhoto via Getty Images (NEW YORK) — Silicon Valley Bank’s failure on Friday raises concerns over the potential impacts on the climate technology industry, where SVB was heavily involved. “They went out of their way to attract entrepreneurs, to attract companies in the technology industry. They were one of the first banks to have a […]

MJHollinshead/Getty Images (NEW YORK) — A New York City woman has gone viral for tweeting about her fight for equal pay. Kimberly Nguyen, a 25-year-old user experience writer, tweeted earlier this month that she saw a job listing for a full-time position with her company that pays as much as $90,000 more than what she […]

Thinkstock/Getty Images (WASHINGTON) — The Justice Department and Securities and Exchange Commission are probing the collapse of Silicon Valley Bank, according to two people familiar with the situation. The probes, which are separate, are in the preliminary stages and it is not clear whether any wrongdoing has been committed. It is not uncommon after a […]

Witthaya Prasongsin/Getty Images (WASHINGTON) — Americans lost $10.3 billion to a wide variety of internet scams last year, according to an FBI report released this month. The losses were the highest in five years, according to the annual report from the FBI. The bureau’s Internet Crime Complaint Center (IC3) lodged more than 2,000 complaints per […]

Justin Sullivan/Getty Images (NEW YORK) —  The largest bank failure since the 2008 crisis has triggered a major U.S. government intervention to protect the financial system. Silicon Valley Bank, the nation’s 16th largest bank, collapsed on Friday, forcing a government takeover and calling into question the fate of almost $175 billion in customer deposits. On […]

Bloomberg Creative/Getty Images (WASHINGTON) — The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation announced Sunday that they will make additional funding available to ensure all Silicon Valley Bank deposits, both insured and uninsured, will be paid in full. “After receiving a recommendation from the boards of the FDIC and the Federal Reserve, and […]

PM Images/Getty Images (LONDON) — Silicon Valley Bank UK is being acquired by HSBC in a £1 deal that will protect deposits, the United Kingdom’s chancellor and HSBC said on Monday. “This morning, the Government and the Bank of England facilitated a private sale of Silicon Valley Bank UK to HSBC,” Chancellor of the Exchequer […]

EllenMoran/Getty Images (WASHINGTON) — The Department of Transportation will send proposed legislation to Congress Monday asking legislators to ban so-called family seating fees on flights. The proposal follows calls from President Joe Biden to get rid of “junk fees” — including extra costs on airline tickets so families can sit together. The proposal would prohibit […]

Photography by Phillip Rubino/Getty Images (NEW YORK) — You could say the Internal Revenue Service is undergoing a Renaissance. After years of criticism for being inefficient and antiquated, the IRS has spent nearly $1 billion to improve its service. “So far, so good,” Ted Rossman, senior industry analyst at Bankrate.com, told ABC News about the current […]

Walt Disney World (NEW YORK) — Fans of the famed frozen pineapple dessert Dole Whip will no longer require a ticket to their nearest Disney park to get a taste of the frozen sweet treat. Dole Packaged Foods officially unveiled its first at-home version of the iconic Dole Whip during the Natural Products Expo West […]