A sign hangs at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images More than three hundred venture capital firms have signed a joint statement vowing to do business again with Silicon Valley Bank if it is “purchased and appropriately capitalized,” after the financial institution failed […]
A person cycles outside the BBC headquarters in central London, Britain, March 11, 2023. Henry Nicholls | Reuters The BBC’s sports coverage faced a second day of severe disruptions Sunday as dozens of staff refused to work in solidarity with top soccer host Gary Lineker, who was suspended by the broadcaster after he tweeted criticism […]
The rise of artificial intelligence-powered chat products like ChatGPT have a lot of people wondering what sort of tasks AI can already handle as well as humans. Now, you can add “interviewing Bill Gates” to that list. Recently, the billionaire Microsoft co-founder sat down with U.K. Prime Minister Rishi Sunak as the two answered questions […]
Grady Hendrix Albert Mitchell After Louise’s parents unexpectedly die in a car accident, she returns home to Charleston, where her plans to get her childhood home ready for sale are soon complicated. There’s her parents’ endless stuff, including the hundreds of dolls her mother owned. There’s her estranged brother, Matt, trying to cheat her out […]
The Aramco logo is displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Saudi Arabia’s state-controlled oil giant Aramco on Sunday reported a record net income of $161.1 billion for 2022 — the largest annual profit ever achieved by an oil and gas company. Aramco said net income increased 46.5 percent over […]
Former U.S. Vice President Mike Pence delivers remarks, in part addressing his opposition to a grand jury subpoena for testimony about efforts to overturn then-President Donald Trump’s 2020 reelection loss, to the Coolidge Presidential Foundation conference at the Library of Congress in Washington, U.S. Feb. 16, 2023. Jonathan Ernst | Reuters Former Vice President Mike […]
The French Senate on Saturday night adopted President Emmanuel Macron’s unpopular pension reform plan in the wake of a seventh day of demonstrations that were not as large as authorities had expected. One hundred and ninety-five members of the upper house of the French Parliament voted for the text, whose key measure is raising the […]
Jeremy Hunt gave a speech Friday to lay out plans for economic growth in the U.K. Bloomberg / Contributor / Getty Images British finance minister Jeremy Hunt said on Sunday he was working with Prime Minister Rishi Sunak and Bank of England Governor Andrew Bailey to “avoid or minimise damage” resulting from the chaos engulfing […]
U.S. President Joe Biden gestures as he boards Air Force One to depart for Washington from Maxwell Air Force Base in Montgomery, Alabama, U.S. March 5, 2023. Jonathan Ernst | Reuters U.S. President Joe Biden spoke with California Governor Gavin Newsom on Saturday about the Silicon Valley Bank failure and efforts to address the situation, […]
The U.S. cryptocurrency firm Circle’s USD Coin lost its dollar peg and fell to a record low Saturday morning after the company revealed it has nearly 8% of its $40 billion in reserves tied up at the collapsed lender Silicon Valley Bank. USDC is known as a stablecoin, which means the value of the virtual […]
