First Republic Nears Federal Seizure as F.D.I.C. Seeks Buyers
Posted inBanking and Financial Institutions Company Reports Deposit Insurance Federal Deposit Insurance Corp First Republic Bank JPMorgan Chase & Company Mergers, Acquisitions and Divestitures PNC Financial Services Group Inc Regulation and Deregulation of Industry Silicon Valley Bank Stocks and Bonds

First Republic Nears Federal Seizure as F.D.I.C. Seeks Buyers

JPMorgan and PNC, two of the country’s largest banks are said to be interested in acquiring the troubled lender after it is seized by the Federal Deposit Insurance Corporation.
Exxon and Chevron Report More Modest Profits as Oil Prices Ease
Posted inChevron Corporation Company Reports Electric and Hybrid Vehicles Embargoes and Sanctions Exxon Mobil Corp Heating International Trade and World Market Natural Gas Oil (Petroleum) and Gasoline Prices (Fares, Fees and Rates) Production Russian Invasion of Ukraine (2022) Stocks and Bonds

Exxon and Chevron Report More Modest Profits as Oil Prices Ease

The oil industry enjoyed record profits in 2022 after Russia invaded Ukraine, but the prices of oil and natural gas have fallen sharply in recent months.
Higher Food Prices Bring Bigger Profits, but Consumers Start to Resist
Posted inBudgets and Budgeting Chipotle Mexican Grill Inc Company Reports Consumer Behavior Food Generic Brands and Products Inflation (Economics) McDonald's Corporation Nestle SA Pepsico Inc Prices (Fares, Fees and Rates) Restaurants Unilever NV

Higher Food Prices Bring Bigger Profits, but Consumers Start to Resist

Some of the biggest packaged food companies raised their prices last quarter and their profits rose, but some customers were starting to cut back or trade down.