“Daily Show” guest host Al Franken closed out his week behind the desk with impressions of four of his former Senate colleagues. The topic was Tuesday’s contentious House hearings on TikTok as lawmakers from both parties put CEO Shou Zi Chew on blast over the popular app’s security risks as well as its close ties … Read more
NEWYou can now listen to Fox News articles! Let’s talk about Stanford. Some call it a college, although now it appears to be little more than a daycare center for brain-dead gas bags. It kicked off last week when the Fifth Circuit Judge Kyle Duncan was invited — remember that word, invited — by the … Read more
New York CNN — Sheila Bair, a top banking regulator during the 2008 financial crisis, says the stunning implosion of Silicon Valley Bank is exactly why the Federal Reserve needs to halt its war on inflation. “The Fed needs to hit pause and assess the full impact of its actions so far before raising short … Read more
An H3 rocket lifts off from Tanegashima Space Center in Kagoshima, southern Japan, Mar. 7, 2023. Credit: Kyodo News via AP Advertisement Japan’s space agency intentionally destroyed a new H3 rocket minutes after its launch Tuesday because the ignition failed for the second stage of the country’s first new rocket series in more than two … Read more
NEW YORK (AP) — It was called Silicon Valley Bank, but its collapse is causing shockwaves around the world. From winemakers in California to startups across the Atlantic Ocean, companies are scrambling to figure out how to manage their finances after their bank suddenly shut down Friday. The meltdown means distress not only for businesses … Read more
Treasury Secretary Janet Yellen and other policymakers are on alert that problems at the institution — which had $209 billion in assets and counted more than half of Silicon Valley-backed startups and health-care businesses among its depositors — could spread. Yellen told Congress that she was keeping a close eye on the bank’s financial crunch … Read more
Regulators take over Silicon Valley Bank as the collapse raises wider fears about the banking sector. Source link