Bailey Schulz and Swapna Venugopal Ramaswamy, USA TODAY

Money

Is there a US banking crisis? What troubles at Pacific Western, Silicon Valley banks mean

May 4, 2023May 5, 2023Bailey Schulz and Swapna Venugopal Ramaswamy, USA TODAYComments Off

PacWest Bancorp’s shares have plunged amid fears of a potential rush of withdrawals among regional banks.

Money

Gannett posts third-quarter loss amid cost-cutting, layoffs

November 3, 2022November 3, 2022Bailey Schulz and Swapna Venugopal Ramaswamy, USA TODAYComments Off

Like many industries, Gannett faces a challenging economic environment that includes soaring inflation, labor shortages and price-sensitive consumers.

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Gannett reports ‘challenging’ Q2 earnings, plans cost reductions

August 4, 2022August 4, 2022Bailey Schulz and Swapna Venugopal Ramaswamy, USA TODAYComments Off

Gannett, which owns USA TODAY, said it plans to implement a “significant cost reduction program” amid industry headwinds and a challenging economy.

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Gannett, the owner of USA TODAY, restructures into two business units

June 1, 2022Bailey Schulz and Swapna Venugopal Ramaswamy, USA TODAYComments Off

Gannett, owner of USA TODAY and local media organizations in 45 states, has announced a corporate restructuring that creates two new business units.

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Vacation rental costs are surging: ‘You better book something now’

June 20, 2021June 20, 2021Bailey Schulz and Swapna Venugopal Ramaswamy, USA TODAYComments Off

Popular summer vacation rentals are pricier and harder to book. After a dip in 2020, rates and demand are back to 2019 levels, if not higher.