a top republican has accused us regulators of being asleep at the wheel in the period leading up to the implosion of silicon valley bank. those comments in the first of two bruising congressional hearings intended to shed light on the failings that led to the lender s collapse. in response, the regulator pointed the finger at executives saying they did a terrible job of managing risk. we are still reconstructing the supervisory racket, we understand they were issued a matter requiring attention based on the inaccuracy of their interest rate risk modelling. essentially, the risk model was not at all aligned with reality. today, the hearing continues. the collapse of svb and signature bank created shock waves across the global banking sector, with central bankers moving to reassure nations that the structural integrity of the financial system remains intact. joining me now is greg feldberg, director of research for the yale program on financial stability. you were director
and industry execs including elon musk believe so and have signed an open letter calling for a 6 month pause on advanced ai development. that s training sytems more powerful than openai s newly launched chatg pt. and here in the uk, the government has set out its plans to regulate ai with new guidelines on responsible use. critics fear the rapid growth of ai could threaten jobs or be used for malicious purposes but it is boosting economies worldwide. let s get the latest thoughts on all this with sue daley from the industry body techuk. sue, remind us why governments and businesses think ai can do us harm? ai technologies have huge potential to help our economy and our society. to address issues such as increased productivity, help in the climate change emergency, to help people in their everyday lives. there are concerns around how this rapidly evolving technology is having an impact on the way that we live, work and importantly, how do we get this right and notjust and impo
but adidas had said it was too similar to its famous three stripe mark which has featured on its products for more than 70 years. adidas has declined to make any further comment on its about turn. let s bring in our north america business correspondent michelle fleury. adidas have buckled under some sort of pressure. any idea why? this is a logo we are familiar with any idea why? this is a logo we are familiar with and any idea why? this is a logo we are familiar with and it any idea why? this is a logo we are familiar with and it has any idea why? this is a logo we are familiar with and it has enjoyed - any idea why? this is a logo we are familiar with and it has enjoyed a i familiar with and it has enjoyed a resurgence within trainers and now here we are a couple of days after they opposed a new trademark application from black lives matter, they have reversed course on their objection, the company did not give a reason, but apparently a source told reuters that adi
Rtx in the mix up 7 due in large part to a 10 billion Stock Buy Back Program overall. The former raytheon, of course, higher after those results now. We are going to hear from those ceos and get the traders take on some of those names, specifically those names coming up in our three stock lunch. Now, we are also looking ahead to some key results after the closing bell today. Namely, tech giants. Microsoft and alphabet, i guess technically its communications services. Still, though, you get the point. Two companies with immense influence on the overall market. And by the way, shares of trance union hit a sixyear low, right now on pace for its worst day ever. Trans union stock the company gets its guidance cut due to weakening macro environments saying lenders are tightening lending. Right now transunion shares lost roughly a quarter of their value just so far intraday today. That feels like a pertinent number for the markets. Trouble developing for meta. More than 40 attorney generals,
At penn and mit as colleges try to keep commencements on track this weekend. The controversy in virginia. A School Board Voting to restore confederate names to schools. The scary moment at the italian open. Tennis superstar Novak Djokovic struck in the head by a water bottle and collapsing. What we know. And the spectacular show tonight. Why the Northern Lights may be visible as far as The Deep South. Announcer this is Nbc Nightly News with lester holt. Good evening, and welcome, everyone. He is the biggest witness we havent seen in Donald Trumps criminal trial, but that is expected to change monday morning when multiple sources tell nbc news, Donald Trumps former attorney, michael cohen, will come facetoface with his exboss and testify for the prosecution in his falsified Business Records case. Cohen, who was once fiercely loyal to mr. Trump and now a frequent and vocal critic, is expected to be questioned about a 130,000 Hush Money Payout he says he made to buy the silence Of Adult A