Just Business – Latest News and Analysis – Page 6 | Straight Arrow News

Days after two U.S. banks failed, a Swiss bank is now in crisis: Credit Suisse shares sank as much as 30% Wednesday, hitting a record low.

Why Credit Suisse is the latest bank to face trouble this week

Monthly consumer prices rose at the fast clip of 0.4% in February, and shelter was the biggest driver of inflation for the month.

Consumer prices keep surging in February, annual inflation at 6%

Silicon Valley Bank became the second biggest bank failure in U.S. history last week. This week, regulators are trying to stop the spread.

Feds scramble to contain Silicon Valley Bank contagion. ‘Banking system is safe.’

President Joe Biden said Americans should remain confident in the banking system following the collapse of Silicon Valley Bank and Signature Bank.

Biden pushes for more regulation after Silicon Valley Bank collapse

As Funko proves, companies don't always unload excess inventory by marking down prices. Here are the companies that dumped product in Five For Friday.

As Funko destroys $36M in toys, here’s why these 5 companies trash merch

After shooting down China's spy balloons in the sky, the government is now setting its sights on TikTok, the popular Chinese app.

TikTok ban gains White House support but could face constitutional challenges

January job openings dipped down to 10.8 million. That is still historically high but is 10% below the peak of 12 million in March 2022.

Job openings in January fall to 10.8 million, still high, as layoffs rise

After its catastrophic investment with Juul lost it more than $12 billion, Altria is branching out to buy vape startup NJOY for $2.75 billion.

Marlboro maker Altria doubles down on vape bet after losing billions with Juul

More than one in five senior federal employees reported owning or trading stocks that are influenced by decisions their agencies make.

Lawmakers consider stock trading ban for senior officials at federal agencies

FTC swings big against Microsoft, Meta, but may have a losing strategy

Microsoft’s $69B Activision Blizzard deal will reportedly clear EU hurdle

TD Bank paid $1.2 billion to settle its alleged role in a $7 billion scam. We take a look at the most notorious Ponzi schemes in Five For Friday.

Here are the 5 most notorious Ponzi schemes in history

After the House and Senate voted to block a Biden administration rule on ESG retirement investing, Biden vowed to veto the legislation.

Biden to use first veto after Congress blocks his ESG investing rule

The Supreme Court will review whether the Consumer Financial Protection Bureau is unconstitutional. The agency was born out of the 2008 financial crisis.

Supreme Court to decide constitutionality of federal consumer watchdog agency

Starting March 1, millions of Americans will have less money to buy groceries as emergency SNAP benefits end in 32 states.

32 states will see SNAP benefit reductions starting March 1

Home builders have a powerful tool in their belts to lure buyers and increase home sales: Buying down mortgage rates by up to two points.

New home sales edge out existing as builders buy down mortgage rates

Despite all of the economic tightening by the Federal Reserve to bring down inflation, the opposite happened in January.

Off to a rough start: Inflation climbs in early 2023 in Fed’s preferred gauge

Entrepreneur Vivek Ramaswamy is running for president. Here's how other execs fared who made runs for the White House in Five For Friday.

Vivek Ramaswamy follows these 5 business execs in running for president

With $39 billion in manufacturing grants up for grabs, the race is on to get a piece of the CHIPS and Science Act. Applications open Tuesday.

Samsung, Intel, TSMC battle for $39B in CHIPS Act taxpayer pie

The SEC claimed the LDS Church was concerned about the public finding out its investment portfolio, which had grown to $37.8 billion by 2020.

LDS Church fined over SEC charge it used shell corporations to hide billions

Section 230 has been called "the law that created the modern internet." These Supreme Court cases could change the way the internet works.

Sesame St. or Bourbon St.: How 2 SCOTUS cases may change the internet

Google and Twitter are facing lawsuits by families of victims killed in ISIS attacks, challenging the tech companies' legal immunity under Section 230.

Google, Twitter face Supreme Court this week to defend major internet shield law

Brooklyn-based art collective MSCHF made a real fashion statement this week. We have their craziest drops in Five for Friday.

From Big Red Boots to Satan Shoes: 5 wildest MSCHF drops

Tesla is recalling nearly 363,000 vehicles over concerns its full self-driving mode could cause crashes at intersections.

Tesla recalls 362,758 vehicles over crash concerns from self-driving mode

Sometime between July and September, CBO predicts the U.S. will run out of funds. But the next decade will bring even more trouble for the national debt.

US will add $2 trillion to deficit every year over next decade, CBO reports

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