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what happened? erica, this happened so fast. it s stunning. silicon valley bank shut down by california regulators after the stock crashed by 60% yesterday after the bank said it needed to rapidly raise cash. this is easily the biggest bank failure since washington mutual fell apart in 2008 during the financial crisis. silicon valley bank, if you haven t heard of it, it is a major lender to tech start-ups. the fdic says that depositors that have $250,000 or less, they are insured here. they will get their money. they will get access to their money as soon as monday morning. but we know that some people, some entities, some start-ups, they have more than $250,000, and it s less clear what s going to happen to them. how did this happen? well, when the fed spikes interest rates, things tend to break. we know that the fed rate hikes have hurt the valuation of the tech companies that this bank catered to, also has hurt the value of the bonds that banks rely on to get cash. ....
United states. We are here today to discuss matters of vital importance to us all. Americas security, prosperity, and standing in the world. I want to talk about where weve been, where we are now, and finally, our strategy for where we are going in the years ahead. Over the past 11 months, i have traveled Tens Of Thousands of miles to visit 13 countries. I have met with more than 100 world leaders. I have carried americas message to a grand hall and saudi arabi saudi arabia, a great square in wausau, assembly of the united nations, into the seat of democracy on the korean peninsula. Everywhere i travel, it was my highest privilege to represent the American People. Throughout our history, the American People have always been
the true source of american greatness. Our people have promoted culture and promoted our valu ....
A potential disaster was avoided on the Konkan Railway route near Udupi, thanks to the vigilance of track maintainer Pradeep Shetty. In the early hours of Sunday, at. ....