Business

(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 consulting with the […]

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 […]

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 […]

(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 tax-filing season. As of the […]

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 […]

(NEW YORK) — The U.S. Consumer Product Safety Commission on Thursday announced a recall of 1.9 million YETI cooler products. The recall impacts four of YETI’s products: the Hopper M20 backpack cooler, the Hopper M30 1.0 and 2.0 soft coolers, and the SideKick Dry gear case. According to the CPSC, the magnet-lined closures on the […]

Guido Mieth/Getty Images (NEW YORK) — Dorel Juvenile Group announced a voluntary recall of 59,450 rear-facing infant car seats due to concerns over the seat anchoring system that “fails to conform” to safety standards for some models, according to a release from Maxi-Cosi on Mar. 3. The recalls include certain Safety 1st onBoard 35 Secure […]

(NEW YORK) — The maker behind the popular Calico Critter toys said Thursday that it is recalling millions of toys with parts that may pose a choking hazard for children. Epoch Everlasting Play LLC made the announcement in cooperation with the Consumer Product Safety Commision. The recall impacts more than 3.2 million units of the […]

Chip Somodevilla/Getty Images (WASHINGTON) — The U.S. risks defaulting on its debts as early as July unless the borrowing limit is raised, the nonpartisan Congressional Budget Office said in a report on Wednesday. The federal government on Jan. 19 reached its approximately $31.4 trillion debt ceiling — which legally caps how much the U.S. can […]

(NEW YORK) — The culture wars, fought nationwide in school board meetings and college classrooms, have entered a new arena: Wall Street. A sharp political divide has emerged over environmental, social and governance investing, or ESG, a type of investing that takes into account non-financial information about a company, such as its climate impact and […]