Bank deposits fell by more than $76 billion

Bank deposits fell by more than $76 billion

Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.

Bank deposits fell by $76.2 billion in April, following the highly publicized closures of Silicon Valley Bank (SVB) and other tech-focused financial institutions. Moreover, high interest rates continue to put pressure on both banks and consumers.

First Republic Bank seized by regulators, sold to JPMorgan Chase

First Republic Bank seized by regulators, sold to JPMorgan Chase

San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.

San Francisco-based First Republic is the third midsize bank to fail in two months and is the second-biggest bank failure in U.S. history.

Manuel's Tavern raises prices to compete with inflation

Manuel's Tavern raises prices to compete with inflation

"It is not about padding our pockets, but ensuring our future survival," the tavern's owner said in an open letter posted online.

"It is not about padding our pockets, but ensuring our future survival," the tavern's owner said in an open letter posted online.

First Republic Bank shares nosedive amid uncertainty about rescue deal

First Republic Bank shares nosedive amid uncertainty about rescue deal

Shares of First Republic Bank remain in a death spiral amid reports of uncertainty about whether the lender could see a rescue deal.

Shares of First Republic Bank remain in a death spiral amid reports of uncertainty about whether the lender could see a rescue deal.

Gas prices dip, offering consumers some relief at the pump: AAA

Gas prices dip, offering consumers some relief at the pump: AAA

The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.

The national average cost for a gallon of gas dropped by five cents from last week to $3.68, reflecting a dip in oil prices, AAA said.

Drugmaker Akorn goes bankrupt, recalls medicines for people, pets

Drugmaker Akorn goes bankrupt, recalls medicines for people, pets

The company terminated all employees at its US sites and discontinued its Quality program, leading to a voluntary recall of various products.

The company terminated all employees at its US sites and discontinued its Quality program, leading to a voluntary recall of various products.

Target expands locked merchandise cases to hit back at shoplifting

Target expands locked merchandise cases to hit back at shoplifting

One of the things Target has utilized to curb shoplifting is locked-up cases. A Target spokesperson says the company is taking a "multi-layered approach to combating theft."

One of the things Target has utilized to curb shoplifting is locked-up cases. A Target spokesperson says the company is taking a "multi-layered approach to combating theft."

Tech sector continues to shed jobs as Dropbox lays off 500

Tech sector continues to shed jobs as Dropbox lays off 500

Employees affected by the Dropbox layoffs will get 16 weeks pay as severance, plus an additional week's pay for every year of tenure.

Employees affected by the Dropbox layoffs will get 16 weeks pay as severance, plus an additional week's pay for every year of tenure.

The Fed is expected to raise interest rates again in May: Economists

The Fed is expected to raise interest rates again in May: Economists

The Fed is expected to raise interest rates by 25 basis points again in May, according to a poll of economists. This is what you need to know.

The Fed is expected to raise interest rates by 25 basis points again in May, according to a poll of economists. This is what you need to know.

Southwest reports $159 million 1Q loss on meltdown effects

Southwest reports $159 million 1Q loss on meltdown effects

The airline said Thursday, however, that it made money in March and expects to be solidly profitable in the April-through-June quarter that includes the start of the peak summer travel season.

The airline said Thursday, however, that it made money in March and expects to be solidly profitable in the April-through-June quarter that includes the start of the peak summer travel season.

Zumper ranks Atlanta as 21st priciest apartment rental market

Zumper ranks Atlanta as 21st priciest apartment rental market

Zumper has released its latest National Rent Report and Atlanta is the 21st priciest market, which is its same ranking as last month.

Zumper has released its latest National Rent Report and Atlanta is the 21st priciest market, which is its same ranking as last month.