Business

During an interview with CBS News on Tuesday, Moody’s Analytics Chief Economist Mark Zandi stated that the problems in the banking industry are the inevitable result of rate hikes by the Federal Reserve where “things are going to start to wobble and break and it’s going to feel uncomfortable.”

Sales of previously owned homes in the U.S. rose in February as house prices dipped and mortgage rates continued to tick down.

The United States is to give an additional $350 million to Ukraine for military aid. Since Ukraine's conflict with Russia began, the United States has given $32.5 billion in military assistance.

Amazon CEO Andy Jassy announced Monday that the company will be laying off another 9,000 employees, marking the second round of significant layoffs this year.

A mere scratch on an EV's battery is enough to junk the whole car.

Bill Ackman in a tweet on Friday said Bank of America is going to acquire Signature Bank on Monday, without citing the source of information.

Treasury Secretary Janet Yellen's admission that the government is picking winners and losers in the bank bailout process, particularly disadvantaging community banks, could lead to the consolidation of banking power in the hands of a few large institutions, according to critics.

San Francisco Bay area will phase out natural gas-powered furnaces and water heaters starting in 2027 to improve air quality and public health.

A group of banks announced a $30 billion rescue of First Republic Bank on Thursday afternoon as part of efforts to stabilize the market.

Russia's banking system is largely shielded from the negative effects of the U.S. crisis due to the country's limited connections with the international financial system, says Russian press secretary.