First Republic Bank seized by regulators, then sold to JPMorgan Chase
The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
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The regional lender, whose collapse is the second-biggest bank failure in U.S. history, is the third bank to be seized by regulators since March.
Beginning May 1, some people with higher credit scores may actually end up paying a higher fee.
The economy grew at a tepid 1.1% rate, showing that the Fed's interest rate hikes are taking effect.
Mired in a prolonged sales slump, the retail chain has struggled to attract customers both in stores and online.
Wedding dress retailer cites "post-COVID environment and uncertain economic conditions," saying it's looking for a buyer.
Views of economy remain negative, with a mixed outlook at best, as possible debt limit crisis looms.
Stocks rose to their highest level in almost two months in another sign that inflation is cooling.
Stocks closed lower following latest update on inflation and warning of possible recession.
Sales of robotic servers have been growing rapidly, with tens of thousands now gliding through dining rooms worldwide.
Inflation's still high, but analysts warn that further rate hikes from the Fed could lead more more banks to topple.
A surge in grocery costs combined with the end of pandemic programs is causing a spike in hardship, a new study finds.
At the height of the Great Recession, Scott Pelley reported on the lengths the federal government will go to protect bank depositors.
All deposit accounts at Silicon Valley Bank and Signature Bank in New York will be guaranteed, the Federal Reserve, Treasury Dept. and FDIC said in a joint statement.
The chairman of the Federal Reserve told lawmakers that the Central Bank will need to raise interest rates higher than previously expected in order to tame inflation.
Majority of NABE survey respondents who envision a recession in 2023 don't see it happening until after March.
Growth was slower and inflation higher at the end of 2022 than the government initially estimated.
New data from the Bureau of Labor and Statistics shows while U.S. inflation grew at a 6.4% percent annual rate in January, down 0.1% from December. CBS News contributor and Axios managing editor of business and markets Javier David joined CBS News' Seth Doane and Anne-Marie Green to discuss this latest economic indicator.
1 in 4 parents has had to quit a job because of child care problems, according to the study.
CBS News polling finds Americans with largely dour assessments of the state of the union, as President Biden prepares to deliver his State of the Union address Tuesday.
Americans want compromise. The prospect of default impacts views.
Blistering job growth last month and weaker growth by large tech players are dragging markets lower.
U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
Minnesota Gov. Tim Walz rolled out more pieces of his budget Monday, calling for $300 million to support public safety agencies across the state.
The country's so desperate to save resources that electricity is often turned off for part of the night, but this time engineers couldn't get it working again.
Home sales have continued to drop and reach record lows in inventory -- that's the case in parts of Wisconsin.
Paramount Skydance's $30 per share offer comes just days after Netflix agreed to buy parts of Warner Bros. in a deal valued at $82.7 billion.
The nominations for the 2026 Golden Globes were announced on Monday morning. Here are the nominees.
At almost every home Gopher women's basketball game, you can find Ryan Radunzel and his service dog Peyton courtside at the Barn.
A building housing a mosque and school in the Twin Cities is a complete loss after an overnight fire, the facility manager said.
After light snow tapers off Monday morning, a noticeable warm-up will take over in the Twin Cities.
A building housing a mosque and school in the Twin Cities is a complete loss after an overnight fire, the facility manager said.
Opposition to ICE actions is widespread among Democratic elected officials throughout the state, though nowhere more than in Minneapolis, home to the state's largest Somali population.
A man is dead after crashing his car on the side of a highway in the Twin Cities, then getting out and "walking into the lanes of traffic," where he was hit by another driver, according to the Minnesota State Patrol.
Abdulkadir Sharif Abdi is among twelve people detained in the Department of Homeland Security's "Operation Metro Surge" in the Twin Cities.
Minnesotans lined up for a chance to give back Saturday morning — as Bridging worked to collect new and gently used blankets ahead of the winter season during its annual "Bring a Blanket for Bridging" event.
Renowned architect Frank Gehry died at the age of 96 on Friday, a representative confirmed to CBS News. His worldwide legacy included two works that were constructed in Minnesota.
Out of the 1,500 men on his ship, Del Thielke was the only one selected to be aboard the USS Missouri when the peace treaty was signed.
The owner of the historic Lutsen Resort on Minnesota's North Shore has been charged with arson and insurance fraud more than a year after a fire destroyed the resort's lodge.
Minnesota will see a higher-than-expected surplus for this current budget, but is expected to see a deficit in the future due to spending outpacing revenues, according to state budget experts.
Police in Duluth, Minnesota, say a mountain lion has been spotted in the city recently.
A Superior, Wisconsin, police officer is expected to recover after being shot early Sunday morning, according to the town's mayor.
River Falls hosts St. John's this weekend in round three of the NCAA tournament.
Bodycam video captured a sheriff's deputy in Racine County, Wisconsin, saving the life of a little girl from a house fire that killed her mother and the family dog earlier this week.
A divided Wisconsin Supreme Court has agreed to take a case brought by the American Civil Liberties Union on behalf of an immigrant rights group.
A Democrat who served four years as Wisconsin's lieutenant governor and narrowly lost a 2022 U.S. Senate bid is running for governor in the battleground state.
Firefighters are continuing a 44-year tradition that happens every year north of the Twin Cities.
It was a scary moment in the Twin Cities over the weekend, as a trailer hauling sled dogs turned over on Interstate 494 in Minnetonka.
On Sunday, members of Minnesota's Somali community spoke out against President Trump's social media post calling for an end to temporary protected status.
Two hundred Thanksgiving meals were distributed to this community by Second Harvest Heartland and the Thielen Foundation.
A Minnesota nonprofit is getting a major boost this week as dozens of college students spend their morning sorting donated shoes to support families in need.
Fear and uncertainty continue in Minnesota's Somali communities as ICE continues its intensified focus on the Twin Cities.
Leading Democrats are demanding the release of classified video showing a deadly U.S. military strike on a boat carrying 11 people.
Opposition to ICE actions is widespread among Democratic elected officials throughout the state, though nowhere more than in Minneapolis, home to the state's largest Somali population.
Rep. Ilhan Omar told "Face the Nation with Margaret Brennan" that if allegations of a connection between tax dollars and terrorism are true, "that is a failure of the FBI and our court system."
ICE said Friday that 12 immigrants, five of them Somali, have been detained as a result of Operation Metro Surge. But immigrant rights groups say the number of detainees is much higher. Among those speaking out against the ICE raids and the targeting and language used by the administration is Minneapolis Mayor Jacob Frey.
The holidays are upon us, and in the town of Kellogg, Minnesota, you'll find a toy store unlike any other.
When we do winter weather stories, there's always that one line people use: cold, snow, ice — it's just what happens here. And this week, Ticket King president Michael Nowakowski said that same idea kind of applies to Minnesota Vikings ticket prices.
Thanksgiving is a big day for the farmers who raise the centerpiece of Americans' dinner tables on the last Thursday of November. But in Minnesota, the nation's top turkey producer, the work doesn't stop once the national holiday ends.
A family-owned Linden Hills bar and restaurant is closing its doors for Thanksgiving, but opening the kitchen for those who need it most.
On the eve of Thanksgiving, Sentyrz Liquor & Supermarket turned into holiday headquarters for last-minute shoppers.
A Superior, Wisconsin, police officer is expected to recover after being shot early Sunday morning, according to the town's mayor.
Police in Brooklyn Center, Minnesota, are investigating a shooting that took place Saturday afternoon.
Car thieves aren't waiting for the sun to rise in the suburbs of the Twin Cities, and neither are the police.
A 28-year-old man previously convicted of sexual assault in Minnesota has been federally charged with kidnapping a 15-year-old girl in 2017 and kidnapping a woman earlier this year, according to court documents filed Thursday.
A man who law enforcement say was armed with a large knife when a deputy shot him in Monticello, Minnesota, now faces charges.
Inspire Change Clinic opened its doors in Minneapolis with a simple mission: provide access to marginalized communities. On Thursday afternoon, the clinic should have been bustling with a waiting room filled with families. Instead, the clinic was empty.
Minnesotans who welcomed a child this year were able to start applying this week to the state's new paid family and medical leave program to take time off in 2026.
Cases always rise in colder months, with the use of furnaces and people working on gas motors in closed garages.
A jury has awarded an Iowa woman a $19.8 million verdict against the Mayo Clinic and a colorectal surgeon in a lawsuit brought in Minnesota courts, according to her attorneys.
ByHeart said it can't rule out that all of its baby formula across all product lots could be contaminated, citing recent test results.
The nominations for the 2026 Golden Globes were announced on Monday morning. Here are the nominees.
President Trump is hosting the Kennedy Center Honors on Sunday after presenting medals to the 2025 Kennedy Center honorees during an Oval Office ceremony Saturday.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
The yellow childhood home of the Purple One is abandoned and in need of some TLC, despite the City of Minneapolis recently granting it landmark status.
Early in the winter season, there are always good nonconference matchups in Minnesota, including Friday, when the Chanhassen girls basketball team visited Blaine. Plus, see the results of other exciting prep games in Minneapolis, Shakopee, Andover and other areas in the state.
At almost every home Gopher women's basketball game, you can find Ryan Radunzel and his service dog Peyton courtside at the Barn.
J.J. McCarthy threw a career-high three touchdown passes in his first turnover-free game, returning from his latest injury absence in prime form for the Minnesota Vikings in a 31-0 victory on Sunday.
Aatu Raty had two goals and an assist, and the Vancouver Canucks beat the Minnesota Wild 4-2 to snap a four-game skid.
Naz Reid made a go-ahead 3-pointer with 13 seconds remaining, Jaden McDaniels scored 27 points and the Minnesota Timberwolves beat the Los Angeles Clippers 109-106 on Saturday night.
Fear and uncertainty continue in Minnesota's Somali communities as ICE continues its intensified focus on the Twin Cities.
Opposition to ICE actions is widespread among Democratic elected officials throughout the state, though nowhere more than in Minneapolis, home to the state's largest Somali population.
Minnesotans who welcomed a child this year were able to start applying this week to the state's new paid family and medical leave program to take time off in 2026.
Minnesotans who welcomed a child in this year can start applying to the state's new paid family and medical leave program to take time off in 2026. In Talking Points, Esme Murphy spoke with Matt Varilek, the commissioner of the state's Department of Employment and Economic Development about the program's rollout and who qualifies for the program.
Minnesotans who welcomed a child this year were able to start applying this week to the state's new paid family and medical leave program to take time off in 2026.
The holidays are upon us, and in the town of Kellogg, Minnesota, you'll find a toy store unlike any other.
With the holidays fast approaching, and lutefisk on the menu for many families, one Minnesota town has the distinction of being called the "Lutefisk Capital of the Country."
How would you like to own a former Cold War missile site? In Dakota County, Minnesota, there's a one-of-a-kind property that could be yours for the right price.
It's a photograph found in homes across the country, and even overseas. The picture "Grace" shows a man bowing his head in prayer with food and what appears to be a Bible in front of him.
Fall harvest means barns across the Midwest are a busy place — but for a central Minnesota woman, they aren't just farm buildings, they're works of art.
It is the food that is top of mind right now, but did you know more turkeys come from Minnesota than anywhere else in the country?
Minnesota, Minneapolis, Minnehaha, Minnetonka, Minnewaska, Minneota. Those are just some of the place names in "the Land of 10,000 Lakes" featuring "minne" as the first five letters.
As we approach Thanksgiving, we wanted to do a deep dive into gratefulness, and why it makes us feel better.
Many commuters know the Interstate 394 and Interstate 94 interchange seems to back up almost every afternoon. And you face the choice: should you wait in the back of the line or try to get closer and swoop in?
According to the Minnesota Christmas Tree Association, 50% of their farms open before Thanksgiving, which used to be unheard of.
Minnesotans got a great view of the northern lights Tuesday night.
A look at the newest addition to the polar bear population at St. Paul, Minnesota's Como Zoo.
From food shelves to school programs, our team is proud to serve where it matters most.
The Minnesota State Fair has unveiled its new food, drinks and vendors for 2025.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The snow will wrap up by mid-morning, leaving a coating behind. Highs will climb to the upper 20s.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
After light snow tapers off Monday morning, a noticeable warm-up will take over in the Twin Cities.
After light snow tapers off Monday morning, a noticeable warm-up will take over.
WCCO meteorologist Lisa Meadows says there's some chances for snow coming up within the next couple of days.
The snow will wrap up by mid-morning, leaving a coating behind. Highs will climb to the upper 20s.
The organization is once again teaming up with businesses and companies to give back to those in need this holiday season.
A police officer is home and now recovering after being shot multiple times during a traffic stop in Superior, plus more of the day’s top stories.
Fear and uncertainty continue in Minnesota's Somali communities as ICE continues its intensified focus on the Twin Cities.
Leading Democrats are demanding the release of classified video showing a deadly U.S. military strike on a boat carrying 11 people.