First Republic Bank Is Seized by Regulators and Sold to JPMorgan Chase

First Republic Bank Is Seized by Regulators and Sold to JPMorgan Chase

As part of its deal, 84 First Republic branches in eight states will reopen as JPMorgan branches on Monday.
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.