With Americans watching multiple banks collapse this year, there are growing concerns about their own accounts and whether or not they can trust financial institutions. Marty Cantor, CPA and economic development consultant, joined Cheddar News to break down why some banks are struggling and what certain income earners should considering doing with their own finances. "If you have less than $250,000 in your own name in any bank, or $500,000, if you have joint tendency, you're going to be ok because the FDIC will protect it. The credit unions have a national association of credit unions that provide the same coverage. But if you're over $250,000, an individual depositor, you ought to take a hard look and maybe move some money to another bank," he said.
New research shows that more than half of American adults are living paycheck to paycheck.
Mercedes-Benz unveiled new concept electric vehicles.
Elon Musk is considering filing a lawsuit against the Anti-Defamation League, blaming them for lost advertising revenue and amid accusations of being anti-Semitic.
Stocks opened Tuesday's session lower after data in China showed slow growth in services activity.
The Week's Top Stories is a guided tour through the biggest market stories of the week, from winning stocks to brutal dips to the facts and forecasts generating buzz on Wall Street.
Tesla has revealed its updated Model 3.
Ford is recalling 169,000 vehicles to replace rearview cameras.
Robinhood said it would buy back shares from disgraced former FTX head Sam Bankman-Fried.
Walgreens said its CEO Rosalind Brewer has stepped down and appointed an interim CEO while a search for a replacement is underway.
The Federal Trade Commission has given the green light to Amgen's purchase of Horizon Therapeutics.
