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Jill On Money: Lessons from Silicon Valley Bank’s failure

Published Wed, 19 Feb 2025 01:14:33 GMT

Silicon Valley Bank (SVB), which catered to technology startups and the venture capital firms that financed them, was taken over by the Federal Deposit Insurance Corporation (FDIC). (The FDIC is an independent agency of the U.S. government that protects customers of insured banks against the loss of their deposits, up to $250,000, per depositor, if an insured bank fails.)Related ArticlesBusiness | Two one-way flights or one round-trip ticket: Which is better? Business | Best times to book the lowest-priced international flights in 2023 Business | How to avoid these 3 common banking scams Business | 3 ways to get your income and other money without the wait Business | Collapse of Silicon Valley Bank, Signature Bank explained: What to know SVB was the second-largest bank failure on record and has led many to question the stability of other, similar small to medium-sized niche banks that provided funding to...

Several arrested during Petaluma DUI checkpoint

Published Wed, 19 Feb 2025 01:14:33 GMT

PETALUMA, Calif. (KRON) -- The Petaluma Police Department conducted a DUI checkpoint at two locations last Friday and arrested several people including four DUI suspects as a result, according to PPD. Checkpoint locations are evaluated based on where the potential is to have the largest impact, officials said. Friday's checkpoints were located on East Washington Street between Parkland Way and Executive Drive between 7:00 p.m. and 9:30 p.m. and Petaluma Boulevard South near Highway 101 between 11:00 p.m. and 2:00 a.m.  Anti-trans rant at Cheesecake Factory in San Francisco caught on video At the East Washington Street location, officers screened a total of 235 vehicles, arrested one DUI suspect, one person on an outstanding warrant and cited or arrested four drivers for operating a vehicle unlicensed or while suspended or revoked, according to PPD.At the Petaluma Boulevard location, officers screened 89 vehicles, arrested three DUI suspects and cited or arrested two drivers f...

Sheriff: 3 people dead, suspect detained in Georgia shooting

Published Wed, 19 Feb 2025 01:14:33 GMT

CONYERS, Ga. (AP) — Three people are dead in what authorities said was a shooting in an Atlanta-area home early Monday, according to a news report.The Rockdale County Sheriff’s Office received a report of gunshots at 12:10 a.m. in the Honey Creek Country Club neighborhood of Conyers, Georgia, about 30 miles (48 kilometers) east of Atlanta, the sheriff’s office said in a statement.Deputies arrived and found three people who had been shot. The victims, who were not immediately identified, were pronounced dead at the scene.A suspect who was not immediately identified was in custody and an investigation was ongoing early Monday, according to the sheriff’s office.Officials with the sheriff’s office planned to release more information later on Monday.Source

Countries urged to rally behind court probes in Ukraine

Published Wed, 19 Feb 2025 01:14:33 GMT

LONDON (AP) — Ukraine’s justice officials and the prosecutor of the International Criminal Court appealed Monday to countries around the world to boost funding and support for the global court’s investigations into alleged war crimes in Ukraine to ensure Russia is held accountable.Justice ministers from over 40 countries travelled to London for the war crimes conference, jointly hosted by Britain and the Netherlands, aimed at rallying extra support for the International Criminal Court’s probes into atrocities allegedly committed by Russian forces in Ukraine.The conference came days after the global court issued an arrest warrant for Russian President Vladimir Putin, accusing him of personal responsibility in the abduction of children from Ukraine. Friday’s move was the first time the court has issued a warrant against a leader of one of the five permanent members of the U.N. Security Council.“We share the belief that President Putin and the wider leadership must be held to account,”...

Man killed in shooting near District Heights

Published Wed, 19 Feb 2025 01:14:33 GMT

A man is dead after being shot during the predawn hours on Monday in Prince George’s County, Maryland.It happened in the 6200 block of Alpine Street in District Heights just after 2 a.m., according to Prince George’s County police.More Prince George’s County NewsMore Crime NewsPolice said they responded to reports of shots fired in the area, and when officers arrived, they found a man with gunshot wounds. He died at the scene.The man hasn’t been publicly identified.Police are investigating the shooting and are asking anyone with information about the shooting to contact the department’s crime solvers at 1-866-411-TIPS.Here’s a map of the area where the shooting happened. Source

Wall Street strengthens after big bank deal, regulator moves

Published Wed, 19 Feb 2025 01:14:33 GMT

NEW YORK (AP) — Most of Wall Street is rising Monday after regulators pushed together two huge banks over the weekend and made other moves to build confidence in the struggling industry. The S&P 500 was 0.5% higher in morning trading. The Dow Jones Industrial Average was up 276 points, or 0.9%, at 32,138, as of 10:45 a.m. Eastern time, while the Nasdaq composite was 0.1% lower.Much of the attention is still on banks, which may be cracking under the pressure of the fastest flurry of hikes to interest rates in decades. Swiss banking giant UBS said Sunday it would buy its rival Credit Suisse for almost $3.25 billion in a deal quickly put together by regulators. Credit Suisse has been battling a unique set of troubles for years, but they came to a head last week as its stock price tumbled to a record low. Credit Suisse fell another 54.5% in its first trading after the deal was announced, while UBS rose 3.5% in Switzerland.A group of central banks stretching from the United States to...

Huskers’ leading rusher Anthony Grant suspended indefinitely

Published Wed, 19 Feb 2025 01:14:33 GMT

LINCOLN, Neb. (AP) — Nebraska opened spring practice with running back Anthony Grant suspended indefinitely to work on academics and other issues, first-year coach Matt Rhule announced Monday.Grant led the team in rushing with 915 yards and six touchdowns last season. He also caught 18 passes for 104 yards.“Working on academics and general things. Nothing bad other than just our standards as a program,” Rhule said. “That will be day by day. Good kid. Just have to get him going in the right direction.”Rhule said kick returner and reserve receiver Tommi Hill also is suspended. He did not specify a reason.Backup tight ends Chris Hickman and James Carnie and reserve cornerback Tyreke Johnson have left the team.___AP college football: https://apnews.com/hub/college-football and https://twitter.com/ap_top25.Source

Illinois teens die in sledding accident at Copper Mountain

Published Wed, 19 Feb 2025 01:14:33 GMT

SUMMIT COUNTY, Colo. (KDVR) -- The Summit County Sheriff's Office says two males on a spring break vacation passed away after a sledding accident on Sunday.The sheriff's office said they responded around 8:35 p.m. for a reported sledding accident at Copper Mountain Ski Resort involving 17 and 18 year old males from Illinois. ‘He left the world doing what he loved’: Avalanche victim remembered as lover of all things adventure The males reportedly rode tandem down a half pipe and launched off a large snowbank at the bottom of the half pipe. The sheriff's office said they came down hard on the ice below, which caused blunt force trauma.The teens immediately received medical attention but could not be revived and were pronounced dead.“Our thoughts and condolences go out to the families and friends of the individuals involved in this tragic incident," Summit County Sheriff Jaime FitzSimons said.The Summit County Sheriff's Office said they would like to remind everyone to always practic...

CU Boulder student accused of sharing sexual abuse video of fellow classmate

Published Wed, 19 Feb 2025 01:14:33 GMT

BOULDER, Colo. (KDVR) — A 23-year-old University of Colorado Boulder student was arrested on charges of sexual exploitation of a child after allegedly sharing an explicit video of a fellow student.According to the University of Colorado Boulder Police Department, Aria Michelle Brauchli is charged with two counts of sexual exploitation of a child after she allegedly redistributed a video depicting child abuse material of a fellow CU classmate. Video shared via Snapchat in CU classAn arrest affidavit obtained by FOX31 said the reported harassment happened in March 2022. On March 2, 2022, a student in a CU Boulder class received an AirDrop on her iPhone to accept a video. The student initially declined the AirDrop but told police she received the same notification nine more times before finally accepting. Aurora dentist accused of poisoning his wife to death When the student opened the video, she told police that it depicted child sexual abuse and immediately reported it to the unive...

Miami Beach struggles with spring break violence, big crowds

Published Wed, 19 Feb 2025 01:14:33 GMT

MIAMI BEACH, Fla. (AP) — For the third year in a row, Miami Beach finds itself struggling with spring break violence, including two fatal shootings and unruly crowds, despite a massive police presence and activities designed to give people alternatives to drinking alcohol and roaming the streets.The party-all-the-time vibe in the South Beach section of the barrier island city has already led officials to ban alcohol sales at larger clubs after 2 a.m. Police are stationed everywhere, including in mobile towers that give officers a birds-eye view of the streets. Art, music, yoga and volleyball tournaments were added this year to give people something to do, at least during the day.Yet the violence continues at night. All night.The city imposed an overnight curfew that ended Monday morning and is considering imposing another one next weekend. It’s the third straight year city officials have approved such restrictions — something Mayor Dan Gelber wants to stop.“The volume of peopl...