Business

Before the 2008 financial crisis, only $100,000 was FDIC-insured. That was raised to $250,000 in 2008, but is it time to raise the cap again?

The FDIC insures up to $250,000 in bank deposits. Is it time to increase that cap?

More than 500 bank failures have happened in the U.S. since the year 2000. And depositors don't always get all of their money back.

Bank failures happen more than you think. Here’s why SVB was different.

Following the failure of Silicon Valley Bank and Signature Bank, NBER researchers say 186 banks would risk collapse if faced with a bank run.

186 banks are at risk of Silicon Valley Bank-like failure: Study

Renewable energy is now producing more electricity than coal for the first time in the U.S. thanks to the growth of wind and solar energy.

US renewable energy surpassed coal for the first time in 2022

Top financial regulators faced tough questions and even fielded blame from senators over the collapses of Silicon Valley Bank and Signature Bank.

Congress wants to know who’s to blame for Silicon Valley Bank collapse

North Carolina-based First Citizens BancShares purchased Silicon Valley Bank on Sunday. But will it be able to cater to SVB's niche tech clients?

First Citizens Bank scoops SVB, FDIC to take $20B hit on failure

Newly released video shows details from the Nashville school shooting that killed 3 nine-year-old students, and three adults.

New details, video from Nashville school shooting released: March 28 rundown

According to John Kerry, President Biden plans to issue executive orders and climate mandate in order to reduce emissions by 50% by 2030.

Biden to issue mandates, executive orders on climate: Media Miss

Tucker Carlson's final show was Friday, April 2, according to the network. The reason for his departure remains unclear.

Former Fox News producer adds allegations to suit against network

Agatha Christie's classic books are set to be rewritten based on language that could be considered offensive.

Agatha Christie novels edited to remove potentially offensive language

FEMA is on the ground in Mississippi after storms and tornadoes killed at least 25 people and injured dozens more.

Mississippi tornadoes kill dozens, state of emergency declared: March 27 rundown

Rep. Chris Smith, R-N.J., and Sen. Josh Hawley, R-Mo., are both trying to end normal trade relations between the United States and China.

Congressional lawmakers want to end normal trade relations with China

Taylor Swift has kicked off her Eras Tour in Arizona, however, not long ago excitement around the event was marred by a Ticketmaster crash.

After the Taylor Swift crash, The Cure is upset with Ticketmaster

Deutsche Bank is the latest bank to face significant pressure in March 2023, as its share price has fallen by more than 20%.

Deutsche Bank shares plunge as cost to insure against default spikes

Boeing aircraft employees were found to be working on current and future Air Force One planes without the proper security clearance to do so.

Boeing reports security credential lapse of staff working on Air Force One

An Iranian suicide drone has killed an American contractor in northern Syria. The U.S. has retaliated against Iranian linked targets.

American killed in Syria drone attack, US retaliates: March 24 rundown

As AI becomes more commonplace, can it also be held legally liable for what it says and produces? Here's the legal action threatening AI in Five For Friday.

Can AI be sued? Here are 5 potential legal issues

TikTok CEO Shou Chew testified before the House Energy and Commerce Committee where he tried to ease lawmakers' concerns about the platform.

TikTok CEO tells Congress he will prioritize teen safety, lawmakers doubt it

TikTok's CEO will testify before a House committee on March 23 defending his app amid growing calls from Congress to enact a nationwide ban.

TikTok CEO to testify, defend app security amid bans: March 23 rundown

The Supreme Court will decide whether a dog toy that looks exactly like a bottle of Jack Daniel's infringes on the company's trademark.

Supreme Court hears trademark case on Jack Daniel’s dog toy

The Fed chose to hike its interest rate another 25 basis points in spite of the banking industry facing significant pressure related to rapid hikes.

Fed forges on with rate hike despite bank collapses, turmoil

A security firm's review of state government websites is revealing that the reach of TikTok is already embedded in its systems.

TikTok trackers found embedded in US state government websites

Lawmakers on Capitol Hill are taking further steps to boost rail safety and hold Norfolk Southern accountable for the derailment in Ohio.

More questions for Norfolk Southern, no Dollar Tree eggs: March 22 rundown

Following two bank collapses, the FDIC made all uninsured deposits available within days. A former FDIC chair says he would have done things differently.

Former FDIC chair: A ‘mistake’ to guarantee 100% of deposits at banks