Business

WASHINGTON — When Elise Joshi was at the White House last year, her eyes welled with happy tears as President Joe Biden hosted thousands of supporters to celebrate groundbreaking legislation targeting climate change. “In that moment, I felt a lot…

WASHINGTON — Biden calls on Congress to expand regulators’ ability to punish executives to bring ‘accountability’ after bank failures. Sourse: abcnews.go.com Rate this item:1.002.003.004.005.00Submit Rating No votes yet. Please wait…

COLUMBIA, S.C. — South Carolina lawmakers angry over a $3.5 billion accounting blunder by the state’s comptroller general began efforts Thursday to sack the official, a day after demanding he quit or be fired. Comptroller General Richard Eckstrom told senators…

GENEVA — Banking giant UBS is buying its smaller rival Credit Suisse for $3.2 billion in an effort to avoid further market-shaking turmoil in global banking, Swiss President Alain Berset announced on Sunday night. Berset called the announcement “one of…

NEW YORK — A bank run conjures images of “It’s a Wonderful Life,” with anxious customers crammed shoulder to shoulder, desperately pleading with a harried George Bailey to hand over their money. The failure of Silicon Valley Bank last week…

WASHINGTON — Bills were filed, hearings were planned and blame was cast as Congress reacted this past week to the abrupt failure of two banks. A look at what lawmakers are saying and planning as the fallout continues from the…

HONG KONG — Chinese search giant Baidu unveiled its artificial intelligence chatbot Ernie Bot, presenting its rival to the Microsoft-backed ChatGPT in a pre-recorded video presentation Thursday that appeared to disappoint investors. Baidu CEO Robin Li said Ernie Bot was…

LOS ANGELES — The average long-term U.S. mortgage rate rose this week to its highest level since mid March, driving up borrowing costs for prospective homebuyers facing a housing market that’s constrained by a dearth of homes for sale. Mortgage…

CANBERRA, Australia — Prominent Australian Indigenous journalist Stan Grant announced that, after Monday, he will step away from television hosting duties after viewers responded with racist abuse to his comments during King Charles III’s coronation about historic Aboriginal dispossession. Grant,…

BANGKOK — Shares rose Monday in Asia in thin post-Christmas holiday trading, with markets in Hong Kong, Sydney and several other places closed. Tokyo’s Nikkei 225 index gained 0.5% to 26,367.40 and the Kospi in Seoul added 0.2% to 2,317.48.…