The consumer price index, a key measure of inflation, rose 0.4% in February, up 6% from February 2022, the U.S. Bureau of Labor Statistics reported on Tuesday.
The collapse of Silicon Valley Bank (SVB) was the fault of US President Joe Biden’s administration, Donald Trump has claimed, warning it could lead to a new Great Depression in the United States.
New York-based Signature Bank, with $110.36 billion in assets, has become the third largest bank failure in US history, following the recent collapse of Silicon Valley Bank, but depositors of both banks will be made whole and no losses will be borne by the taxpayer.
A new report from the Associated Press indicates that many American teens have become disillusioned with college and have opted to skip it in favor of going to trade school or working a job that does not require an undergraduate degree.
New York Gov. Kathy Hochul pledged Friday on CNN that drug stores that limit the distribution of abortion pills would suffer "consequences" if they try to limit distribution in her state.
Home Depot co-founder Bernie Marcus discussed the devastating collapse of Silicon Valley Bank, urging Americans to "wake up" and understand that the U.S. economy is in "tough times."
