Regulators shut down Silicon Valley Bank on Friday, marking the biggest bank failure since the 2008 recession and sending shockwaves across the tech world. The Federal Insurance Corporation (FDIC) created a National Bank of Santa Clara to hold deposits and other assets of the failed Silicon Valley Bank, but the abrupt closing is impacting tech
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Former President Trump is reportedly on the brink of facing charges related to a hush money payment during the 2016 campaign, throwing a wrench into the nascent 2024 GOP presidential primary. Trump has already said in interviews that he plans to continue his campaign for the presidency even if he is indicted, and he was
Tesla has decided to open direct Powerwall orders again after previously only making the popular home battery pack available with a solar power system. Home battery packs have greatly gained in popularity in recent years. People have been looking for more energy security to counter power outages and to make better use of renewable energy,
Despite Nissan recently announcing it will boost efforts to bring electric vehicles to market, production of the automaker’s first electric SUV, the Nissan Ariya, is running one-third short of planned. Nissan introduced the Ariya electric SUV in 2020, its second global electric vehicle, after establishing an early lead with the LEAF released in 2010 as
Russia’s invasion of Ukraine has been brutal and attritional, and has shocked most of the “civilised” world. Russia’s evident disregard for casualties and collateral damage in the pursuit of victory is very different to the West’s approach to warfare, which has profound implications for the war in Ukraine, and the West’s wider defence planning assumptions.
In this article SIVB Follow your favorite stocksCREATE FREE ACCOUNT Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan | Getty Images The sudden collapse of Silicon Valley Bank has thousands of tech startups wondering what happens now to their millions of dollars
Elon Musks Tesla Inc. TSLA on Thursday announced more updates for its pricier electric cars, including an Ultra-Red paint option and high-visibility glass roof. What Happened: In a Twitter thread, Tesla posted the new features added to its lineup for the Model S and Model X. The company also said improved brake pads had been
BERLIN – A gunman believed to have been acting alone killed several people on Thursday in a Jehovahs Witness church in the German city of Hamburg, police said, as they focused their investigation on the motive for the attack. Police declined to say how many people had been killed, but said the gunman was believed
President Biden has been on a good streak with his party’s left flank, but progressives are now fretting about his direction. First, there was Biden’s surprise announcement that he’d sign a GOP resolution disapproving of a Washington, D.C. crime bill that eased some sentencing laws. Then came reports that administration officials are thinking about keeping
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Senate Republicans found themselves shaken and disoriented Thursday after finding out their leader, Sen. Mitch McConnell (Ky.) was in the hospital after tripping at a private event, raising questions about his health and future leadership of the GOP conference. McConnell, who in January became the longest serving party leader in Senate history, has led
close video Bidens tax increases will be a disaster for the economy: Rep. Byron Donalds Rep. Byron Donalds, R-Fla., discusses President Bidens explanation of his 2024 budget that calls for new spending and more taxes on The Bottom Line. The IRS's bewildering rule about self-reporting income from crimes has caused some Twitter users to mock
Tesla announced today that its new Model S vehicles come with a new “high-visibility glass roof” following a slight refresh. There has been sort of a stealth refresh of the Model S and Model X. The main reason appears to be the integration of Tesla’s Hardware 4.0 Autopilot and Self-Driving sensors and computer, but the
WhatsApp is right not to back down in its opposition to UK government proposals that could allow encrypted messages to be scanned, online privacy campaigners have said. Robin Wilton, director of internet trust for the Internet Society, told Sky News that any requirements in the upcoming Online Safety Bill that would weaken user privacy would
Mar 9, 2023 Associated Press INDIAN WELLS, Calif. — Three-time Grand Slam champion Andy Murray remained unbeaten this season in matches that go to a deciding third or fifth set by coming back to beat Tomas Martin Etcheverry 6-7 (5), 6-1, 6-4 across more than three hours in the first round of the BNP Paribas
Donald Trump has been invited to testify before a New York grand jury next week as part of an investigation into hush money payments made on his behalf during the 2016 presidential campaign. Joseph Tacopina, a lawyer for the former president, confirmed the news, telling the Associated Press: “To me, it’s much ado about nothing.”
Ford is building electric school buses; you heard that right. The automaker is offering a Type A electric school bus package based on its top-selling E-Transit commercial van. Ford introduces an electric Type A school bus The E-Transit was first introduced by Ford back in 2020 as an all-electric smart workhorse version of its best-selling
Safra Catz, Oracle’s CEO and then one of Oracle’s two co-CEOs, smiles during Oracle’s OpenWorld conference in San Francisco on, Sept. 20, 2016. David Paul Morris | Bloomberg | Getty Images Oracle shares dropped nearly 5% after the enterprise tech giant reported its financial results for its 2023 fiscal third quarter. Here’s how the company
6:27 PM ET Members of the Canadian women’s national soccer team said they felt shocked and disrespected after their governing body released details of its proposed collective bargaining agreement (CBA) on Thursday, with details of private bargaining made public with no notice. The Olympic champions launched a protest over pay equity and budget cuts last
Mar 9, 2023 Iowa‘s athletics department will pay the entire settlement of more than $4 million to a group of Black former football players who sued the university for alleged racial discrimination. University president Barbara Wilson on Thursday said the athletic department will reimburse $2 million to the state’s general fund for the settlement. Iowa’s