Tesla laying off more than 10% of workforce. Here's why
The Bay Area automaker said that within the last couple of months, it’s seen fewer than expected deliveries, a falling stock price, and mounting complaints about its new cybertruck.
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First Republic Up in Air as Regulators Juggle Bank's Fate
Regulators continued their search for a solution to First Republic Bank’s woes over the weekend before stock markets were set to open Monday.
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Fed Faults Silicon Valley Bank Execs, Itself in Bank Failure
The Federal Reserve blamed last month’s collapse of Silicon Valley Bank on poor management, watered-down regulations and lax oversight by its own staffers, and said the industry needs stricter policin... -
Layoffs at Bay Area-Based Lyft, Gap, Dropbox
Thursday was another rough day in the Bay Area when it comes to job security as thousands more layoffs were announced.
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First Republic Bank Stock Plunges as Depositors Flee
First Republic Bank’s stock plunged Tuesday after it said depositors withdrew more than $100 billion during last month’s crisis, with fears swirling that it could be the third bank to fail after...