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Business News

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Fed to decide on rate hike as it weighs priority of banking crisis or inflation fight

By Rob Meachem | March 22, 2023

(WASHINGTON) — Policymakers and investors will closely watch a decision from the Federal Reserve on Wednesday about whether to raise interest rates as the U.S. economy weathers two pressing challenges:…

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Former Trump official calls TikTok a ‘digital virus’

By Rob Meachem | March 21, 2023

(NEW YORK) — TikTok is facing growing scrutiny from government officials over cybersecurity fears about Americans’ data. U.S. officials are reportedly demanding that Chinese owners sell its stake in the app…

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Experts answer questions on home, car buying amid high interest rates and banking crisis

By Rob Meachem | March 21, 2023

(NEW YORK) — As fallout continues from the Silicon Valley Bank collapse — the second-biggest bank failure in U.S. history — people across the country are simultaneously feeling the impact…

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Yellen to say bank ‘situation is stabilizing,’ smaller banks play important role

By Rob Meachem | March 21, 2023

(WASHINGTON) — Treasury Secretary Janet Yellen plans to say during a speech on Tuesday that “the situation is stabilizing and the U.S. banking system remains sound,” according to excerpts of…

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The banking crisis threatens the Fed’s inflation fight. Here’s how.

By Rob Meachem | March 21, 2023

(NEW YORK) — The collapse of Silicon Valley Bank, the second-biggest bank failure in U.S. history, has thrust the financial system into distress, pulling attention away from a separate problem:…

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Fed was aware of Silicon Valley Bank problems more than a year before its collapse

By Rob Meachem | March 20, 2023

(WASHINGTON) — The Federal Reserve was aware of risks to Silicon Valley Bank more than a year before its collapse, ABC News confirmed on Monday following a New York Times…

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New to electrification? Try a plug-in hybrid first

By Rob Meachem | March 20, 2023

(NEW YORK) — Let’s be honest: electric vehicles can get a bad rap. Maybe it’s range anxiety. Or the scarcity — and uncertainty — of public charging stations. Both are…

Congress Pushes Legislation To Ban TikTok From Government Devices

‘Uncharted territory’: How would a TikTok ban in the US work?

By Rob Meachem | March 18, 2023

(NEW YORK) — Awkward dads and their eager children may not dance together on TikTok for much longer — at least not in the U.S. The prospect of a nationwide TikTok…

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Here’s who’s made money amid the Silicon Valley Bank turmoil

By Rob Meachem | March 17, 2023

(NEW YORK) — A string of bank collapses in recent days sent panic rippling through the financial sector, prompting an extraordinary U.S. government intervention to save depositors and a sharp…

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Class action suit filed against Silicon Valley Bank’s parent company, executives

By Rob Meachem | March 17, 2023

(NEW YORK) — SVB Financial Group and top executives have been named in a federal lawsuit amid the collapse of Silicon Valley Bank, the largest bank failure since the 2008…

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