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First Citizens Bank will acquire Silicon Valley Bank on Monday after the latter company faced a run on deposits and collapsed.
First Citizens Bank will acquire Silicon Valley Bank on Monday after the latter company faced a run on deposits and collapsed.
 
RALEIGH: Severn Peanut Company, a peanut sheller, will create 44 jobs in Bladen County, Governor Roy Cooper announced today. The company will invest $17 million to upgrade and renovate its facility in Elizabethtown for peanut butter production.
RALEIGH: Severn Peanut Company, a peanut sheller, will create 44 jobs in Bladen County, Governor Roy Cooper announced today. The company will invest $17 million to upgrade and renovate its facility in Elizabethtown for peanut butter production.
 
Republican lawmakers at the state and federal levels have introduced multiple bills this week meant to prohibit or discourage the Federal Reserve from creating a central bank digital currency, also known as a CBDC.
Republican lawmakers at the state and federal levels have introduced multiple bills this week meant to prohibit or discourage the Federal Reserve from creating a central bank digital currency, also known as a CBDC.
 
Members of the House failed Thursday to override the veto issued by President Joe Biden which overturned their resolution to nix a Labor Department rule supportive of the environmental, social, and corporate governance movement, also known as ESG.
Members of the House failed Thursday to override the veto issued by President Joe Biden which overturned their resolution to nix a Labor Department rule supportive of the environmental, social, and corporate governance movement, also known as ESG.
 
North Carolina’s state pension system was among the victims of the recent collapse of two large Silicon Valley, California banks, with the loss of millions in stock at both banks.
North Carolina’s state pension system was among the victims of the recent collapse of two large Silicon Valley, California banks, with the loss of millions in stock at both banks.
 
A top TikTok executive attacked the House Energy and Commerce committee hearing on TikTok, accusing members of “xenophobia.”
A top TikTok executive attacked the House Energy and Commerce committee hearing on TikTok, accusing members of “xenophobia.”
 
My latest piece at the American Institute for Economic Research discusses the particularly harmful impact progressive income taxes have on productivity and the poor.
My latest piece at the American Institute for Economic Research discusses the particularly harmful impact progressive income taxes have on productivity and the poor.
 
Treasury Secretary Janet Yellen prompted unease among investors after she appeared to walk back comments indicating that financial authorities would guarantee large bank deposits.
Treasury Secretary Janet Yellen prompted unease among investors after she appeared to walk back comments indicating that financial authorities would guarantee large bank deposits.
 
TikTok CEO Shou Zi Chew neglected to provide a clear answer on whether individuals associated with ByteDance, the social media platform’s Chinese parent company, helped him prepare for a Thursday morning hearing before the House Energy and Commerce Committee.
TikTok CEO Shou Zi Chew neglected to provide a clear answer on whether individuals associated with ByteDance, the social media platform’s Chinese parent company, helped him prepare for a Thursday morning hearing before the House Energy and Commerce Committee.
 
Few Americans have trust in the nation’s banking sector following the recent collapses of Silicon Valley Bank and Signature Bank.
Few Americans have trust in the nation’s banking sector following the recent collapses of Silicon Valley Bank and Signature Bank.
 
Economic volatility over the past year has severely impacted retirement savings, with more than half of households falling short of the savings trajectory needed to retire at their desired level.
Economic volatility over the past year has severely impacted retirement savings, with more than half of households falling short of the savings trajectory needed to retire at their desired level.
 
Sen. Ted Cruz (R-TX) introduced a bill on Tuesday that would prevent the Federal Reserve and the Biden administration from establishing a central bank digital currency.
Sen. Ted Cruz (R-TX) introduced a bill on Tuesday that would prevent the Federal Reserve and the Biden administration from establishing a central bank digital currency.
 
On Wednesday, the North Carolina House passed a bill that would prohibit local governments from blocking consumers from certain types of energy sources, by a vote of 76-38.
On Wednesday, the North Carolina House passed a bill that would prohibit local governments from blocking consumers from certain types of energy sources, by a vote of 76-38.
 
Stocks slid after officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, continuing a slowdown from previous rate hikes meant to combat inflation and marking caution from policymakers given recent tumult in the banking sector.
Stocks slid after officials at the Federal Reserve announced a 0.25% increase in the target federal funds rate on Wednesday, continuing a slowdown from previous rate hikes meant to combat inflation and marking caution from policymakers given recent tumult in the banking sector.
 
H.B. 130 passes the N.C. House, now in the N.C. Senate
 
Republican state attorneys general rebuked senior financial authorities on Tuesday over the role that left-wing regulatory priorities allegedly played in the recent collapse of Silicon Valley Bank.
Republican state attorneys general rebuked senior financial authorities on Tuesday over the role that left-wing regulatory priorities allegedly played in the recent collapse of Silicon Valley Bank.
 
Declining Labor Force, Wages, and Work Hours Cause for Concern
 
Treasury Secretary Janet Yellen commented on Tuesday that deposit withdrawals from regional banks have stabilized and affirmed that authorities will protect smaller financial institutions.
Treasury Secretary Janet Yellen commented on Tuesday that deposit withdrawals from regional banks have stabilized and affirmed that authorities will protect smaller financial institutions.
 
At this time, the abbreviation 'NC' stands for 'no crisis.'” - State Treasurer Dale Folwell
At this time, the abbreviation 'NC' stands for 'no crisis.'” - State Treasurer Dale Folwell
 
Fayetteville native Brian Tyree Henry was among those nominated for an Oscar in this year’s 95th Annual Academy Awards. He was recognized for his role as James in the film “Causeway.”
Fayetteville native Brian Tyree Henry was among those nominated for an Oscar in this year’s 95th Annual Academy Awards. He was recognized for his role as James in the film “Causeway.”
 
Amazon announced on Monday that the company would dismiss some 9,000 employees amid efforts to become more efficient.
Amazon announced on Monday that the company would dismiss some 9,000 employees amid efforts to become more efficient.
 
Sen. Ted Cruz introduces legislation to prevent the Biden administration from creating a centralized bank
Sen. Ted Cruz introduces legislation to prevent the Biden administration from creating a centralized bank
 
Some 186 financial institutions in the United States are vulnerable to a collapse if uninsured depositors seek to withdraw their funds, according to a study from analysts with the National Bureau of Economic Research.
Some 186 financial institutions in the United States are vulnerable to a collapse if uninsured depositors seek to withdraw their funds, according to a study from analysts with the National Bureau of Economic Research.
 
Switzerland‘s two largest banks are poised to merge in a deal regulators sought to help create stability as volatility rocks financial institutions around the globe.
Switzerland‘s two largest banks are poised to merge in a deal regulators sought to help create stability as volatility rocks financial institutions around the globe.
 
Billionaire investor Warren Buffett reportedly spoke with Biden administration officials in recent days about contending with the banking crisis.
Billionaire investor Warren Buffett reportedly spoke with Biden administration officials in recent days about contending with the banking crisis.
 
Michigan could be the first state in nearly 60 years to repeal a “Right to Work” (RTW) law.
 
Banking collapses have left the market reeling and worried about an imminent recession
 
Unemployment rates increased in all but one of North Carolina’s 100 counties in January, according to the latest release from the state’s Department of Commerce. These local rates are not seasonally adjusted and are subject to large seasonal patterns.
Unemployment rates increased in all but one of North Carolina’s 100 counties in January, according to the latest release from the state’s Department of Commerce. These local rates are not seasonally adjusted and are subject to large seasonal patterns.
 
New Study Shows NC Creates the Most Barriers to Earning a Living in the Region
 
Shares in First Republic Bank plummeted some 26% on Friday morning even after a rescue deal backed by a number of large financial institutions.
Shares in First Republic Bank plummeted some 26% on Friday morning even after a rescue deal backed by a number of large financial institutions.
 
Collapse of SVB could be partially attributed to liberal work from home policies, other companies reversing COVID work from home arrangements
Collapse of SVB could be partially attributed to liberal work from home policies, other companies reversing COVID work from home arrangements
 
Treasury Secretary Janet Yellen admitted in a Senate Finance Committee hearing Thursday that the Federal Deposit Insurance Corporation and the Federal Reserve might not guarantee large deposits at small community banks like they did for a failed California bank.
Treasury Secretary Janet Yellen admitted in a Senate Finance Committee hearing Thursday that the Federal Deposit Insurance Corporation and the Federal Reserve might not guarantee large deposits at small community banks like they did for a failed California bank.
 
Treasury Secretary Janet Yellen told members of the Senate Finance Committee on Thursday morning that the American financial system “remains sound” despite two recent bank failures.
Treasury Secretary Janet Yellen told members of the Senate Finance Committee on Thursday morning that the American financial system “remains sound” despite two recent bank failures.
 
Executives at investment bank Credit Suisse accepted a lifeline from Swiss authorities on Wednesday as concerns of a worldwide financial crisis loom.
Executives at investment bank Credit Suisse accepted a lifeline from Swiss authorities on Wednesday as concerns of a worldwide financial crisis loom.
 
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