Gas prices drop despite rising demand, tighter supply: AAA

Gas prices decreased this week to $3.49 per gallon, AAA reported. And prices could hold steady as the price of oil remains low, despite a rise in demand for gas.

New Starbucks CEO plans to work in stores monthly

Starbucks’ new CEO Laxman Narasimhan says he plans to work a half-day shift once a month in one of the company’s stores in an effort to stay close to the company’s culture and customers.

Amazon to cut 9,000 more jobs amid 'uncertain economy'

Amazon announced Monday that it plans to cut an additional 9,000 roles within the next few weeks amid the uncertain economic environment.

Gas prices hold steady despite market turmoil: AAA

The national average cost for a gallon of gas held steady at $3.46, even as oil prices plunged to levels not seen since August 2021, AAA said.

Parent of Silicon Valley Bank seeks bankruptcy protection

The parent of Silicon Valley Bank, seized last week by the U.S., is filing for Chapter 11 bankruptcy protection.

First Republic receives $30-billion rescue from 11 large banks

Meanwhile, Treasury Secretary Janet Yellen is firmly reassuring Congress and the nation that the U.S. banking system remains sound.

T-Mobile acquires Ryan Reynold's Mint Mobile in $1.35 billion deal

“I never dreamt I’d own a wireless company and I certainly never dreamt I’d sell it to T-Mobile." Reynolds said in a tweet.

Nike to end sales of kangaroo-based sneakers

Nike is launching a new soccer shoe this summer featuring a material that replaces the use of kangaroo leather.

Biden tells US to have confidence in banks after 2 collapse

President Joe Biden on Monday told Americans the nation’s financial systems were safe, seeking to project calm following the swift and stunning collapse of two banks that prompted fears of a broader upheaval.

Silicon Valley Bank crisis: Feds move in to help

In an effort to shore up confidence in the banking system, the Treasury Department, Federal Reserve and FDIC said that all Silicon Valley Bank clients would be protected and able to access their money.

US government says all Silicon Valley Bank clients will have access to funds

The U.S. government took extraordinary steps Sunday to stop a potential banking crisis after Friday's historic failure of Silicon Valley Bank, the second-largest bank failure in U.S. history.

BP CEO pay doubles to $12M as energy profits surge

BP's profit doubled to $28 billion as Russia’s invasion of Ukraine sent oil and gas prices soaring.