Investors implore the government to step in after Silicon Valley Bank failure
Big names in Silicon Valley and the finance sector are calling publicly for the federal government to push another bank...
Technology
Amazon’s drone business can’t get off the ground as regulations, weak demand stymie progress
David Carbon, vice president of Prime Air at Amazon.com Inc., speaks during the Delivering the Future event at the Amazon...
Founders swarmed SVB’s Bay Area branches looking for answers after bank’s historic failure
A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023...
Stablecoin USDC breaks dollar peg after firm reveals it has $3.3 billion in SVB exposure
Logo of Silicon Valley Bank is at a location in San Francisco, California, U.S. March 10, 2023.Staff | ReutersThe U.S....
Companies scramble to meet payroll, pay bills after SVB’s swift failure
Employees stand outside of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California. Justin Sullivan...
Silicon Valley investors and founders express shock, describe struggles to get money out of SVB
Nikolas Kokovlis | Nurphoto | Getty ImagesVenture capitalists and technology executives are scrambling to make sense and account for the...
Silicon Valley Bank is shut down by regulators in biggest bank failure since global financial crisis
Financial regulators have closed Silicon Valley Bank and taken control of its deposits, the Federal Deposit Insurance Corp. announced Friday,...
Venture capitalists urge startups to withdraw funds from crisis-laden Silicon Valley Bank
Venture capital firms on both sides of the Atlantic have been urging their portfolio companies to move money out of...
Meta exploring a new social network that could compete with Twitter
Rafael Henrique | Sopa Images | Lightrocket | Getty ImagesMeta is exploring a new decentralized, text-based social network that could...
Silicon Valley Bank Financial in talks to sell itself after attempts to raise capital have failed, sources say
SVB Financial, parent of Silicon Valley Bank, is in talks to sell itself, sources told CNBC's David Faber.Attempts by the...
Without us ‘there is no Google’: EU telcos ramp up pressure on Big Tech to pay for the internet
Tensions between European telecommunications firms and U.S. Big Tech companies have crested, as telecom bosses mount pressure on regulators to...
Silicon Valley Bank’s struggles spell further trouble for beleaguered tech startup market
Signage for high-tech commercial bank Silicon Valley Bank, on Sand Hill Road in the Silicon Valley town of Menlo Park,...
Oracle shares sink nearly 5% after third-quarter revenue miss
Safra Catz, Oracle's CEO and then one of Oracle's two co-CEOs, smiles during Oracle's OpenWorld conference in San Francisco on,...
Apple announces new classical music app that launches on March 28
Chesnot | Getty Images16 days agoThe company acquired highly touted classical music streamer Primephonic in Aug. 2021. At the time,...
Fatal Tesla collision with firetruck under federal investigation
In this photo provided by the Contra Costa County Fire Protection District, firefighters are seen at the scene of a...
Is the U.S. falling behind China in Africa’s lithium industry?
The demand for lithium is rising as it has become a critical component needed in electric vehicle batteries. In 2021,...
Crypto-focused bank Silvergate is shutting operations and liquidating after market meltdown
Omar Marques | Lightrocket | Getty Images2 months ago2 months ago"In light of recent industry and regulatory developments, Silvergate believes...
U.S. regulators open investigation into Tesla after steering wheels detached from two moving vehicles
A worker checks Tesla Model Y electric vehicles loaded onto a freight trailer at the Tesla Inc. Gigafactory in Gruenheide,...
Elon Musk apologizes after calling disabled Twitter employee who was laid off ‘the worst’
Elon Musk speaking at Tesla Investor Day. Courtesy: TeslaElon Musk on Tuesday backed down from his attacks on a disabled Twitter...
ChatGPT is being used to automatically write emails: Microsoft, Salesforce, and TikTok creators are hopping on the trend
Jakub Porzycki | Nurphoto | Getty ImagesAI chatbots are already being used to send custom email pitches. It shows how...