Consumer prices in February were 6% higher than a year ago, as inflation continues to ease. The data comes just days after the collapse of two regional lenders is roiling the banking system.
Two U.S. banks have collapsed since Friday. What does this mean for the average American? NPR's Mary Louise Kelly speaks with Jacob Goldstein about the future of the banking system in the U.S.
Meta announced another round of layoffs on Tuesday, which means the company will be cutting a fifth of its total workforce in just a few months. CEO Mark Zuckerberg said it's a new economic reality.
Inflation eased in February, but consumer prices are still up 6% from a year ago. The Fed is wrestling with how hard to crack down — a difficult calculation after the collapse of two regional banks.
The 16th largest bank in the country failed. Then, the government said it was taking over another big bank. NPR takes a look at the financial institution that set this all off — Silicon Valley Bank.
The Danish drugmaker's move follows a similar announcement by rival Eli Lilly earlier this month. More than 8 million Americans use insulin, according to the American Diabetes Association.
A major bank in Silicon Valley experienced a bank run and failed. Fearing a cascading catastrophe in tech and banking, the government stepped in to prevent contagion.
Some say the decision to guarantee deposits beyond the typical $250,000 limit was necessary to keep the financial system stable. Others argue this sets a bad precedent if other banks run into trouble.