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Thursday, March 16
by
ABC News
TikTok has your data even if you’ve never used the app: Report
(WASHINGTON) -- A ban on TikTok in the United States or a sale of the app by its Chinese owner, ByteDance, will not resolve national security concerns or fears TikTok could be used to siphon Americans' data, according to a new cybersecurity report obtained ...
Thursday, March 16
by
ABC News
Treasury Secretary Yellen testifies ‘banking system is sound’
(WASHINGTON) -- Treasury Secretary Janet Yellen told Congress on Thursday the U.S. "banking system is sound" after two bank failures stirred economic fears.Yellen, testifying before the Senate Finance Committee, began her remarks by addressing the abrupt collapse of Silicon Valley Bank in California and ...
Thursday, March 16
by
ABC News
A bailout or not? Did the federal government bailout Silicon Valley Bank and Signature Bank?
(NEW YORK) -- The word “bailout” is sure to make anyone who remembers the 2008 financial crisis nostalgic in all the worst ways. At the time, the government used taxpayer money to keep some of the country’s largest financial institutions afloat.Two regional banks recently ...
Wednesday, March 15
by
ABC News
Why most bank deposits are safe, despite the Silicon Valley Bank collapse
(NEW YORK) -- The failure of Silicon Valley Bank, the second-biggest bank collapse in U.S. history, called into doubt the fate of roughly $175 billion in customer deposits.Days later, the U.S. government guaranteed the protection of all Silicon Valley Bank deposits but the turmoil left ...
Wednesday, March 15
by
ABC News
Experts call cryptocurrency a ‘bystander’ in SVB, Signature Bank collapses
(NEW YORK) -- In the wake of last year's collapse of cryptocurrency exchange FTX, the collapse this week of Silicon Valley Bank and Signature Bank -- representing the second and third largest bank failures in U.S. history -- has renewed lingering questions about what ...
Wednesday, March 15
by
ABC News
Credit Suisse, Citi and more bank stocks tumble amid Silicon Valley Bank turmoil
(NEW YORK) -- Bank stocks in the U.S. and Europe tumbled on Wednesday as the global financial system continued to reckon with the Silicon Valley Bank collapse, the largest bank failure since 2008.Shares of Credit Suisse fell more than 26% in early trading after ...
Wednesday, March 15
by
ABC News
After the fall of Silicon Valley Bank and Signature Bank, here are tips to keep your money safe
(NEW YORK) -- The closures of two of the nation's largest banks over the past week have put many consumers on edge.Silicon Valley Bank, the nation's 16th largest bank, struggled as the sharp rise in interest rates led to a decline in the value ...
Wednesday, March 15
by
ABC News
OpenAI releases GPT-4, claims its chatbot significantly smarter than previous versions
(NEW YORK) -- OpenAI released the latest version of ChatGPT, the artificial intelligence language model making significant waves in the tech industry, on Tuesday.GPT-4, the latest model, can understand images as input, meaning it can look at a photo and give the user general ...
Wednesday, March 15
by
ABC News
Two Lunchables approved for National School Lunch Program to be served at cafeterias next year
(NEW YORK) -- Lunchables are ready for their first day of school.In tandem with the National School Lunch Program, the ready-to-eat packaged Lunchables kits, made by Kraft Heinz, have been approved to be served in schools for the first time."Ahead of the 2023-2024 school ...
Wednesday, March 15
by
ABC News
New Churro Dipped Cone and Saint Patrick’s Day treats at Dairy Queen
(NEW YORK) -- There's a new sweet treat on the menu at Dairy Queen for a limited time.The ice cream chain, known for its soft serve cones dipped in a quick-hardening shell, has added a new churro-flavored option to the menu.For a limited time, ...
Tuesday, March 14
by
ABC News
Silicon Valley Bank marketed itself as a climate tech-friendly bank. How will its collapse impact the industry?
(NEW YORK) -- Silicon Valley Bank's failure on Friday raises concerns over the potential impacts on the climate technology industry, where SVB was heavily involved."They went out of their way to attract entrepreneurs, to attract companies in the technology industry. They were one of the ...
Tuesday, March 14
by
ABC News
Silicon Valley Bank: How a digital bank run accelerated the collapse
(NEW YORK) -- The collapse of Silicon Valley Bank, the second-biggest bank failure in U.S. history, took place over less than 48 hours.Customers withdrew $42 billion -- nearly a quarter of the bank's total deposits -- within a single day last week.The speedy bank run ...
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