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PacWest stock plummeted as investors remain worried about the financial sector, a decline which occurred despite Federal Reserve officials assuring market actors hours earlier that the banking system is “sound and resilient.”
PacWest stock plummeted as investors remain worried about the financial sector, a decline which occurred despite Federal Reserve officials assuring market actors hours earlier that the banking system is “sound and resilient.”
 
Currency experts in both the public and private sectors are now warning all investors to shy away from buying cryptocurrency, declaring it a complex scam hidden beneath a financially precarious investment.
Currency experts in both the public and private sectors are now warning all investors to shy away from buying cryptocurrency, declaring it a complex scam hidden beneath a financially precarious investment.
 
Unemployment fell in March as the number of new jobs aligned with expectations, according to data from the Bureau of Labor Statistics released Friday.
Unemployment fell in March as the number of new jobs aligned with expectations, according to data from the Bureau of Labor Statistics released Friday.
 
Federal Reserve Bank of Cleveland President Loretta Mester said on Thursday that she expects policymakers will increase the target federal funds rate beyond 5.0% as inflationary pressures continue to impact the economy.
Federal Reserve Bank of Cleveland President Loretta Mester said on Thursday that she expects policymakers will increase the target federal funds rate beyond 5.0% as inflationary pressures continue to impact the economy.
 
In the era where politics has become increasingly tribalistic, we seldom see significant bi-partisan support from leadership within both parties. The Reorganization and Economic Development Act, House Bill 346, is one exception.
In the era where politics has become increasingly tribalistic, we seldom see significant bi-partisan support from leadership within both parties. The Reorganization and Economic Development Act, House Bill 346, is one exception.
 
The United States risks defaulting on its debt as early as June 1, Treasury Secretary Janet Yellen announced on Monday.
The United States risks defaulting on its debt as early as June 1, Treasury Secretary Janet Yellen announced on Monday.
 
The American Legislative Exchange Council (ALEC), along with Dr. Arthur B. Laffer, just released their 2023 annual report of Rich States, Poor States.
The American Legislative Exchange Council (ALEC), along with Dr. Arthur B. Laffer, just released their 2023 annual report of Rich States, Poor States.
 
Layoffs among employers based in the United States increased nearly 400% between the first three months of last year and this year.
Layoffs among employers based in the United States increased nearly 400% between the first three months of last year and this year.
 
Country music stars John Rich and Travis Tritt have both joined in a boycott against Bud Light after the company went viral for a promotional deal with trans activist Dylan Mulvaney.
Country music stars John Rich and Travis Tritt have both joined in a boycott against Bud Light after the company went viral for a promotional deal with trans activist Dylan Mulvaney.
 
JPMorgan Chase CEO Jamie Dimon called for lawmakers to take drastic action in favor of a renewable energy transition, including the seizure of private property to make more land available for solar and wind farms.
JPMorgan Chase CEO Jamie Dimon called for lawmakers to take drastic action in favor of a renewable energy transition, including the seizure of private property to make more land available for solar and wind farms.
 
TAT Piedmont Aviation to invest $12.8 million near Piedmont Triad International Airport
 
JPMorgan Chase CEO Jamie Dimon expressed confidence about the future of the American economy despite the recent banking crisis that gripped the nation and his pessimistic comments last year.
JPMorgan Chase CEO Jamie Dimon expressed confidence about the future of the American economy despite the recent banking crisis that gripped the nation and his pessimistic comments last year.
 
Japan will continue to purchase Russian crude oil above the $60 per barrel price cap imposed by G7 nations last year.
Japan will continue to purchase Russian crude oil above the $60 per barrel price cap imposed by G7 nations last year.
 
Google executives will scale back a number of the technology firm’s notoriously lavish employee perks amid efforts to reduce costs and increase profitability.
Google executives will scale back a number of the technology firm’s notoriously lavish employee perks amid efforts to reduce costs and increase profitability.
 
Saudi Arabia, whose relationship with the United States has taken a nosedive during President Joe Biden’s tenure, announced on Sunday it would lead the members of the Organization of the Petroleum Exporting Countries (OPEC), including Russia, to cut over one million barrels of output a day
Saudi Arabia, whose relationship with the United States has taken a nosedive during President Joe Biden’s tenure, announced on Sunday it would lead the members of the Organization of the Petroleum Exporting Countries (OPEC), including Russia, to cut over one million barrels of output a day
 
Remember when the price of eggs soared, and providers said it was inflation and higher transportation costs and a sudden drop in production and some kind of avian flu?
Remember when the price of eggs soared, and providers said it was inflation and higher transportation costs and a sudden drop in production and some kind of avian flu?
 
Small businesses impacted by the current economic tumult are filing for bankruptcy at levels last witnessed at the outset of the lockdown-induced recession, even as President Joe Biden touts an uptick in new business ventures.
Small businesses impacted by the current economic tumult are filing for bankruptcy at levels last witnessed at the outset of the lockdown-induced recession, even as President Joe Biden touts an uptick in new business ventures.
 
The Consumer Price Index (CPI) rose 0.1% in March after increasing 0.4% in February according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 5.0%.
The Consumer Price Index (CPI) rose 0.1% in March after increasing 0.4% in February according to the latest release from the Bureau of Labor Statistics. On an annual basis, prices have increased 5.0%.
 
EPA officials provided the state of California authority on Friday to phase out heavy duty trucks powered by gasoline over the next two decades.
EPA officials provided the state of California authority on Friday to phase out heavy duty trucks powered by gasoline over the next two decades.
 
Artificial intelligence could replace as much as 7% of jobs in the United States, especially among white-collar professions, according to a report published this week by Goldman Sachs.
Artificial intelligence could replace as much as 7% of jobs in the United States, especially among white-collar professions, according to a report published this week by Goldman Sachs.
 
The Republican-led House passed an extensive bill Thursday that aims to increase domestic energy production and ease permitting restrictions.
The Republican-led House passed an extensive bill Thursday that aims to increase domestic energy production and ease permitting restrictions.
 
Former Starbucks CEO Howard Schultz asserted during a Senate hearing Wednesday that American cities have worrisome crime and homelessness problems which have impaired the company’s operations.
Former Starbucks CEO Howard Schultz asserted during a Senate hearing Wednesday that American cities have worrisome crime and homelessness problems which have impaired the company’s operations.
 
The 17 former branches of SVB opened Monday morning as branches of First Citizens.
The 17 former branches of SVB opened Monday morning as branches of First Citizens.
 
Pilkington North America will invest more than $86 million in Laurinburg
 
Swiss investment bank Credit Suisse has helped American families hide at least $700 million from tax authorities over the past nine years in violation of a plea agreement with regulators, Senate investigators said Wednesday.
Swiss investment bank Credit Suisse has helped American families hide at least $700 million from tax authorities over the past nine years in violation of a plea agreement with regulators, Senate investigators said Wednesday.
 
JPMorgan Chase CEO Jamie Dimon will be interviewed under oath about his company’s ties with deceased child sex predator and financier Jeffrey Epstein.
JPMorgan Chase CEO Jamie Dimon will be interviewed under oath about his company’s ties with deceased child sex predator and financier Jeffrey Epstein.
 
Tesla chief executive Elon Musk, Apple co-founder Steve Wozniak, and hundreds of other technology leaders called for a pause on the development of powerful artificial intelligence due to the “profound risks” that the nascent systems pose to mankind.
Tesla chief executive Elon Musk, Apple co-founder Steve Wozniak, and hundreds of other technology leaders called for a pause on the development of powerful artificial intelligence due to the “profound risks” that the nascent systems pose to mankind.
 
The monthly local jobs report reveals unemployment rates and related economic indicators at the county level.
 
Federal Deposit Insurance Corporation Chairman Martin Gruenberg revealed on Monday that the firm guaranteed as much as $13.3 billion in uninsured deposits for the 10 largest account holders at the defunct Silicon Valley Bank.
Federal Deposit Insurance Corporation Chairman Martin Gruenberg revealed on Monday that the firm guaranteed as much as $13.3 billion in uninsured deposits for the 10 largest account holders at the defunct Silicon Valley Bank.
 
Duke Energy Carolinas wants to increase residential rates for its customers between 16.2 and 16.6% by Sept. 1 and an additional 0.4% by Jan. 1. The utility is also seeking a rate hike for commercial and industrial customers. Rates would increase by 12.1% and 15.2%.
Duke Energy Carolinas wants to increase residential rates for its customers between 16.2 and 16.6% by Sept. 1 and an additional 0.4% by Jan. 1. The utility is also seeking a rate hike for commercial and industrial customers. Rates would increase by 12.1% and 15.2%.
 
As multiple banks implode, insurance deposit limit receives renewed scrutiny
As multiple banks implode, insurance deposit limit receives renewed scrutiny
 
Higher spending and lower revenue intake produced a $1.1 trillion budget deficit in the first six months of fiscal year 2023, according to a report released Monday by the Congressional Budget Office.
Higher spending and lower revenue intake produced a $1.1 trillion budget deficit in the first six months of fiscal year 2023, according to a report released Monday by the Congressional Budget Office.
 
One of Raleigh’s oldest banks is in the running to purchase the failed Silicon Valley Bank, also known as SVB.
One of Raleigh’s oldest banks is in the running to purchase the failed Silicon Valley Bank, also known as SVB.
 
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