Gov. Ron DeSantis called Russia’s year-long war in Ukraine a ‘territorial dispute,’ on Monday. The Florida governor was skewered by politicians on both sides of the aisle for his assessment. On Tuesday, Ukraine’s foreign ministry invited DeSantis to see the…
If Donald Trump is indicted in Manhattan and refuses to show up, he’ll be extradited. Ron DeSantis can’t stop extradition from Trump’s home in Florida, but he could slow the process. Florida also has an extradition method that may allow…
Our experts choose the best products and services to help make smart decisions with your money (here’s how). In some cases, we receive a commission from our partners; however, our opinions are our own. Terms apply to offers listed on…
Zara shoppers flocked to stores in 2022, giving a major sales boost to parent company Inditex. Inditex reported a 23% increase in store sales last year despite closing 10% of its stores. Zara shoppers have long complained that stores are…
Our experts answer readers’ home-buying questions and write unbiased product reviews (here’s how we assess mortgages). In some cases, we receive a commission from our partners; however, our opinions are our own. Borrowers can save more than $1,200 per year…
The Dow sank nearly 500 points Wednesday as concerns in the financial sector continued to swirl. Shares of Credit Suisse tumbled more than 20%, stoking bank failure contagion fears. A gauge of wholesale inflation for February unexpectedly dropped. LoadingSomething is…
Goldman Sachs bought Silicon Valley Bank’s bond portfolio whose $1.8 billion loss set off its shocking meltdown. The assets were worth $23.97 billion but sold at a negotiated price of $21.45 billion, SVB said, per Reuters. SVB made a bad…
The CEO of Silicon Valley Bridge Bank asked customers to move their money back to the bank. US depositors have been moving billions of dollars from smaller to larger banks, per Reuters. Banking giants seeing demand for deposit services include…
There are four differences between the current banking crisis and the GFC, Moody’s chief economist says. Those include the scope of the crisis and the US government’s response, Mark Zandi tweeted. Zandi told CNN on Monday Americans shouldn’t worry about…
Some Democrats have been blaming Trump-era regulations for Silicon Valley Bank’s collapse. In 2018, Trump signed into law a bill that rolled back provisions in the Dodd-Frank Act and loosened oversight over banks. Sen. Bernie Sanders said SVB’s failure is…
