Month: April 2023

Michael Barr, the Fed’s vice chair for supervision, said supervisors didn’t fully appreciate the extent of the vulnerabilities as SVB grew in size and complexity. He also called for revamping a range of rules for midsize banks.

Retail spending has come back strong, but surveys also showed a surprise contraction in factory activity in April.

Shares rise on better-than-expected results, but growth lags behind what Microsoft, Amazon and Google did in the past.

The EV tycoon is taking a path that has been fraught for other car companies; he maintains he can pull off a twist.

Artificial-intelligence companies are using content created by millions of people, without their consent or any compensation. Some tech and media companies are beginning to ask for payment.

The time-consuming and pointless tasks companies can eliminate to boost our productivity… and save money.

A government seizure, then sale of First Republic could come as soon as this weekend. Big banks including JPMorgan and PNC are among those vying to buy the troubled lender.

Man-made stones are falling in price and appealing to more shoppers who also see them as a socially conscious purchase.