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.

Serving alcohol in Wisconsin; bill would allow 14-year-olds to do it

Serving alcohol in Wisconsin; bill would allow 14-year-olds to do it

Fourteen-year-olds in Wisconsin could serve alcohol to seated customers in bars and restaurants under a bill circulated for cosponsors by a pair of Republican state lawmakers.

Fourteen-year-olds in Wisconsin could serve alcohol to seated customers in bars and restaurants under a bill circulated for cosponsors by a pair of Republican state lawmakers.

Serving alcohol in Wisconsin; bill would allow 14-year-olds to do it
video

Serving alcohol in Wisconsin; bill would allow 14-year-olds to do it

Fourteen-year-olds in Wisconsin could serve alcohol to seated customers in bars and restaurants under a bill circulated for cosponsors by a pair of Republican state lawmakers.

Fourteen-year-olds in Wisconsin could serve alcohol to seated customers in bars and restaurants under a bill circulated for cosponsors by a pair of Republican state lawmakers.

Central Florida Tourism Oversight District files lawsuit against Disney in ongoing feud

Central Florida Tourism Oversight District files lawsuit against Disney in ongoing feud

Days after Disney sued Florida’s governor in federal court for what it described as retaliation for opposing the state’s Parents Rights in Education law, members of Disney World’s governing board — made up of Gov. Ron DeSantis appointees — authorized a lawsuit Monday against the entertainment giant.

Days after Disney sued Florida’s governor in federal court for what it described as retaliation for opposing the state’s Parents Rights in Education law, members of Disney World’s governing board — made up of Gov. Ron DeSantis appointees — authorized a lawsuit Monday against the entertainment giant.

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.

Milwaukee Bucks' early playoff exit 'a challenge' for businesses

Milwaukee Bucks' early playoff exit 'a challenge' for businesses

After the Milwaukee Bucks' were eliminated from the NBA playoffs by the Miami Heat, businesses around Fiserv Forum are feeling the unexpected drop in sales.

After the Milwaukee Bucks' were eliminated from the NBA playoffs by the Miami Heat, businesses around Fiserv Forum are feeling the unexpected drop in sales.

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.

Silicon Valley Bank failure: Fed partly blames itself for collapse

Silicon Valley Bank failure: Fed partly blames itself for collapse

Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve said Friday, in a highly-anticipated review of how the central bank failed to properly supervise the bank before it collapsed early last month.

Silicon Valley Bank failed due to a combination of extremely poor bank management, weakened regulations and lax government supervision, the Federal Reserve said Friday, in a highly-anticipated review of how the central bank failed to properly supervise the bank before it collapsed early last month.

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.