First Citizens BancShares will buy Silicon Valley Bank’s deposits and loans, the U.S. Federal Deposit Insurance Corporation said Monday, just over two weeks after the biggest U.S. banking collapse since the global financial crisis. First Citizens shares jumped more than 45% during Monday morning trading on Wall Street. The dealContinue Reading

People wearing protective face masks walk past the closed Nike store on 5th Avenue, during the outbreak of the coronavirus disease (COVID-19), in New York City, May 11, 2020. Mike Segar | Reuters Nike easily beat Wall Street’s expectations for its holiday quarter earnings and revenue, though its bloated inventoryContinue Reading

A person wearing a protective mask exits from a GameStop Corp. store at a mall in San Diego, California, on Thursday, April 22, 2021. Bing Guan | Bloomberg | Getty Images GameStop shares fell about 4% in extended trading on Wednesday, after the video game retailer reported that its lossesContinue Reading

Three doses of Pfizer and BioNTech‘s vaccine provide a high level of protection against the omicron variant of the virus that causes Covid-19, the companies announced Wednesday. A booster shot of the vaccine increases antibody protection 25-fold compared with the initial two-dose series, according to a preliminary lab study. AContinue Reading