Economy

"We must get the full accounting of what happened and why," President Biden said of the banking crisis, speaking in the Roosevelt Room of the White House on Monday.

Biden reassures bank customers and says the failed firms' leaders are fired

11:13am March 13, 2023

by Bill Chappell

President Biden also said insiders and investors won't be bailed out, but that companies that used the bank will be able to pay their employees and bills.

Ayako Marsh Miranda says that as a Black woman, she represents 0.7% of all appraisers in the U.S. She'd like a federal mandate for anti-bias training in the field.

Racial bias often creeps into home appraisals. Here's what's happening to change that

5:01am March 13, 2023

by Jennifer Ludden

Black and Latinx homes are more likely to be undervalued by real estate appraisers, who are mostly older white men. New recruiting and technology aims to change how appraisals are done and by whom.

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A worker tells people that the Silicon Valley Bank (SVB) headquarters in Santa Clara, Calif., is closed on March 10, 2023. Federal regulators took extraordinary measures on Sunday to backstop all deposits at SVB after the lender's spectacular collapse.

Economy

The U.S. takes emergency measures to protect all deposits at Silicon Valley Bank

9:23pm March 12, 2023

by Bobby Allyn

Federal officials made the emergency announcement Sunday amid panic from depositors over the state of uninsured deposits.

Economy

What the collapse of Silicon Valley Banks says about the stability of U.S. banks

8:54am March 12, 2023

by Ayesha Rascoe

NPR's Ayesha Rascoe talks to Anat Admati, professor at Stanford University's Business School, about the collapse of Silicon Valley Bank and what it says about the stability of the U.S. banking system.

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Pascale Sablan was once told she'd never become an architect because she's Black and a woman. Now she works for one of the world's most prestigious firms and she wants more people who look like her to join the field.

Very few architects are Black. This woman is pushing to change that

7:00am March 12, 2023

by Vanessa Romo

Pascale Sablan was told she'd never become an architect because she's Black and a woman. Now she works for one of the world's top firms and she wants more people who look like her to join the field.

Economy

What to make of an economy that's adding jobs but also seeing layoffs

8:08am March 11, 2023

by Scott Simon

NPR's Scott Simon talks with Barry Ritholtz, chairman of Ritholtz Wealth Management, about the state of an economy that's adding jobs but also seeing layoffs.

General Motors is offering buyouts in an effort to cut $2 billion in costs

9:32pm March 10, 2023

by Ashley Westerman

The Detroit automaker says the buyouts will be offered to most U.S. salaried workers and some global executives.

A cat lover tried to leave a fortune to her town's strays. It almost didn't work out

4:58pm March 10, 2023

by Jeff Guo

When Barbara Thorpe died in 2002, she left almost all of her money — $200,000 — to benefit the cats of her hometown, Dixfield, Maine. But that decision turned into a huge legal battle.

February job growth has some positive signs for the Fed

4:58pm March 10, 2023

U.S. employers added 311,000 jobs in February, a modest slowdown from the month before. The jobs report will be closely studied by the Federal Reserve as policymakers try to battle inflation.

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Economy

Siemens Mobility to bring $220M and 500 new manufacturing jobs to Lexington

4:15pm March 10, 2023

by David Ford

Siemens Mobility will invest $220 million in a passenger train manufacturing facility in Lexington, North Carolina, and hire 500 workers.