The Federal Deposit Insurance Corp. is set to pay almost $23 billion to stabilize the banking sector. That money comes from an insurance fund that is refilled annually through fees paid by banks. Now the agency is considering a special assessment on the entire industry to help make up the costs, according to a Bloomberg report. It also noted that big banks (who have been the biggest beneficiaries, as depositors have flocked to safer ground) might have to pay extra.
The much-anticipated iPhone 15 is on sale Friday along with the new Apple Watch.
Costco is recalling tens of thousands of mattresses after reports of mold growth.
UK regulators granted preliminary approval for Microsoft to purchase Activision Blizzard.
The WGA said it's resuming discussions with studios.
The United Auto Workers union expanded their strike and will affect General Motors and Stellantis.
A poll showed that a majority of Americans support the recent strikes involving writers, actors and auto workers.
The Federal Trade Commission is suing one of the country's top anesthesia staffing companies for alleged anti-competitive practices.
The Federal Aviation Administration said it's investigating a laser incident when two crews with Jetblue reported seeing them during flights.
Stocks were mixed at the open but Wall Street was heading for a losing week as investors digested the hints that the Federal Reserve could raise rates before the end of the year.
On A Positive Note: 13-Year-Old New Jersey Boy Launches Car Detailing Business
