JPMorgan Chase Emerges as Buyer for First Republic Bank

JPMorgan Chase Emerges as Buyer for First Republic Bank

The lending giant’s shares jumped on the news that it is buying First Republic. But investors are watching to see if the deal ends the regional banking crisis.
Wages Continue to Grow, Good for Workers but a Worry for the Fed

Wages Continue to Grow, Good for Workers but a Worry for the Fed

Wages and salaries for workers rose 5.1 percent from a year earlier, which helps employees keep up with the rising cost of living but complicates the Federal Reserve’s efforts to tamp down inflation.