Nikolas Kokovlis | Nurphoto | Getty Images Venture capitalists and technology executives are scrambling to make sense and account for the potential repercussions of the sudden implosion of Silicon Valley Bank on Friday. The Federal Deposit Insurance Corp. said Friday that U.S. federal regulators shut down Silicon Valley Bank, the premiere financial institution for Silicon
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US regulators have shut down the country’s 16th largest bank, in the biggest collapse of a financial institution since the 2008 financial crisis. Silicon Valley Bank failed after depositors – mostly technology workers and venture capital-backed companies – began withdrawing their money, creating a run on the bank. The US Federal Deposit Insurance Corporation (FDIC)
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7:00 AM ET Ryan Hockensmith Close Ryan Hockensmith is a Penn State graduate who joined ESPN in 2001. He is a survivor of bacterial meningitis, which caused him to have multiple amputation surgeries on his feet. He is a proud advocate for those with disabilities and addiction issues. He covers everything from the NFL and
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Protected bike lanes — or cycling paths that are physically separated from roadways to keep cars away from more vulnerable micromobility vehicles — are becoming increasingly demanded by a growing population of bike commuters in the US. And in one case, they’re finally being enabled by a surprising source: a cute little electric mini-street sweeper.
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Tensions between European telecommunications firms and U.S. Big Tech companies have crested, as telecom bosses mount pressure on regulators to make digital giants fork up some of the cost of building the backbone of the internet. European telcos argue that large internet firms, mainly American, have built their businesses on the back of the multi-billion
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