Local bank reassures customers, after Silicon Valley Bank failure frenzy
Earlier this month two banks collapsed in Silicon Valley sending the American banking industry into a frenzy.
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Fed official: Bank rules under review in wake of SVB failure
The Federal Reserve’s bank supervisors informed Silicon Valley Bank’s management as early as the fall of 2021 of risks stemming from its unusual business model, a top Fed official said Tuesday, but the bank’s managers failed to take the steps necessary to fix its problems.
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Troubled Silicon Valley Bank acquired by First Citizens
First Citizens will acquire much of Silicon Valley Bank, the tech-focused financial institution that collapsed this month, setting off a chain reaction that caused a second bank to fail and tested faith in the global banking sector.
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California looks to spend some Medicaid money on housing
Gov. Gavin Newsom has proposed spending more than $100 million per year in the state’s Medicaid program to pay for up to six months of housing for people who are or risk becoming homeless; are coming out of prison or foster care; or are at risk for hospitalization or emergency room visits.
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Hyundai and Kia recall more than half-a-million vehicles due to fire risks
Hyundai and Kia are telling the owners of more than 571,000 SUVs and minivans in the U.S. to park them outdoors and away from structures.
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Spreckels Sugar Company strike has ended
After weeks of striking, workers at Spreckel’s and the company have agreed on a settlement.
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City helps local businesses with association membership for opportunities
The City of Yuma’s Economic Development office is providing small businesses within city limits with a sponsored membership in the Arizona Small Business Association.
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Amazon cuts 9,000 more jobs, bringing 2023 total to 27,000
Amazon plans to eliminate 9,000 more jobs in the next few weeks, CEO Andy Jassy said in a memo to staff on Monday.
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Rep. McHenry speaks on preventing further bank failures
In an interview with “Face the Nation” moderator Margaret Brennan, McHenry said Congress must explore the circumstances that led to the closures of Silicon Valley Bank.
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Yuma County native returns home to launch beauty line at JCPenney’s
A Yuma County native and indigenous woman is making it big in the beauty industry.
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Yellen tells Congress US banking system ‘remains sound
A week after the second-largest bank collapse in U.S. history, Treasury Secretary Janet Yellen told the Senate Finance Committee on Thursday that the nation’s banking system “remains sound” and Americans “can feel confident” about their deposits.
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Sunny D vodka seltzer coming out soon
(CNN/KYMA, KECY) – Sunny D is launching a vodka seltzer. Sunny D, the highly advertised orange drink from the 1990s, is now all grown up. The company says they were inspired by people telling them they like to use Sunny D as a mixer. Also, the hard seltzer market is still going strong. Sunny D
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Southwest Airlines to increase winter staffing and improve tech
Southwest Airlines is increasing staffing to avoid a repeat of the mass cancelations that stranded tens of thousands of passengers over the last part of 2022.
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Meta lays off more than 10,000 employees
CEO Mark Zuckerberg said about half the job cuts will be from 5,000 open roles that haven’t been filled.
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March Madness impacts small California businesses
For an event like March Madness, Sacramento has something happening night after night.
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Californians make withdrawals from Silicon Valley Bank
A line began to form outside Silicon Valley Bank (SVB) around 8:00am Monday, an hour before the bank would officially open its doors.
Continue Reading Strike at Spreckel’s Sugar Company continue
Still no resolutions to the employee strike at Spreckel’s Sugar Company in Brawley.
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Biden administration approves oil drilling project in Alaska
The massive project will be about 200 miles north of the Arctic Circle in the National Petroleum Reserve.
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‘It’s hard to focus’: Schools say American kids are hungry
America’s schools say kids are hungry — just as pandemic-era benefit programs have lapsed. There is growing concern about the effects on kids’ ability to learn.
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Women owned businesses thriving on International Women’s Day
Since International Women’s Day was first celebrated over a century ago, the number of female-owned and operated companies has grown, with many women acting in top-level corporate positions in various industries.
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