U.S. regulators shut down Silicon Valley Bank on Friday after a bank run led to its failure, marking the largest bank collapse since the 2008 financial crisis. Summary U.S. regulators shut down Silicon Valley Bank on Friday after a bank run led to its failure, marking the largest bank collapse since the 2008 financial crisis. The sudden collapse of America’s 16th biggest bank quickly reverberated throughout global financial markets and left billions of dollars of corporate and investor cash stranded. …
Tag: technology
The U.S. has announced a series of new actions in recent days designed to counter the growing threat posed by China. Summary President Joe Biden has announced a series of new actions designed to counter the …
U.S. scientists produced more energy in a fusion reaction than was needed to ignite it for the first time, the Energy Department announced Tuesday. Summary Researchers at Lawrence Livermore National Laboratory produced more energy in a …
Trump announced he has added what is effectively a blog to his website. The left mocked and sneered at the development while the right hailed it as a new opportunity to directly address his supporters. Summary …
Earlier in the week, Apple announced a slate of new hardware and software products. While most of the focus was on new iPads and Macs, updates to privacy and tracking programs are forcing app developers to …
After Nicholas Kristof with the New York Times published an exposé on internet porn giant Pornhub hosting illegal content, it was forced to change its policies on uploading and content moderation. Will it make a difference? …
Breaking from its use of Intel processors, Apple unveiled Mac products powered by “revolutionary” new hardware. What are the experts saying? Summary Apple unveiled its latest generation of Mac computers Tuesday with three new offerings: Macbook …