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Deposit drain from small banks to JPM, WFC, C slowed

The wave of deposits moving from smaller banks to large institutions including JPMorgan Chase and Wells Fargo has slowed to a trickle in recent days, CNBC has learned. The deposit drain that rocked markets globally and forced regulators to step in to protect bank customers began to improve around March 16, people with knowledge of …

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Downtown Pittsburgh McDonald's to close in April, report says

Downtown Pittsburgh McDonald’s to close in April, report says

It appears to be the end of an era for the downtown Pittsburgh food scene. The last remaining McDonald’s is to close its doors. The restaurant at the corner of Liberty Avenue and Stanwix Street is expected to close permanently in April. According to a report by the Post-Gazette, the owners said McDonald’s chose not …

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Internet Archive Infringed Publisher's Copyright By Lending E-Books, Legal Rules

Internet Archive Infringed Publisher’s Copyright By Lending E-Books, Legal Rules

A federal judge has ruled against the Internet Archive in its high-profile case against a group of four US publishers led by Hachette Book Group. About Judge John G. Koeltl ruled Friday that the nonprofit had violated the group’s copyrights by lending out digitally scanned copies of their books. The lawsuit stemmed from the Internet …

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Highway 50 closed near the Hard Rock Hotel & Casino in South Lake Tahoe

Highway 50 closed near the Hard Rock Hotel & Casino in South Lake Tahoe

Highway 50 is closed in both directions near the Hard Rock Hotel & Casino in South Lake Tahoe, police said. Nevada State Police say police activity has closed the highway. Authorities recommend using the Lake Parkway as an alternate route. The Douglas County Sheriff’s Office is investigating the incident. </p><div> <p>Highway 50 is closed in …

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US Considers More Support for Banks While Giving First Republic Time

US Considers More Support for Banks While Giving First Republic Time

US authorities are considering expanding an emergency lending facility for banks in ways that would provide First Republic Bank more time to strengthen its balance sheet, according to people with knowledge of the situation. Officials have not yet decided what support, if any, they may give First Republic and an expansion of The Federal Reserve’s …

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Powerball winner buys another luxury home in Los Angeles area

Powerball winner buys another luxury home in Los Angeles area

As reported by Dirt.com, Powerball winner Edwin Castro purchased a 5-bed, 5-bath home located on the 2100 block of Midlothian Drive in Altadena, California. (KTLA) As reported by Dirt.com, Powerball winner Edwin Castro purchased a 5-bed, 5-bath home located on the 2100 block of Midlothian Drive in Altadena, California. (KTLA) As reported by Dirt.com, Powerball …

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Gordon Moore, co-founder and former chairman of Intel, dies at age 94

Gordon Moore, co-founder and former chairman of Intel, dies at age 94

Moore and Robert Noyce founded Intel in 1968. March 24, 2023, 11:12 PM ET • 3 min read Gordon Moore, co-founder and former chairman of technology giant Intel, died Friday at the age of 94, the company and the Gordon and Betty Moore Foundation announced. A press release said Moore died “surrounded by family” in …

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President Joe Biden speaks about the U.S. banking system on March 13, 2023, in the Roosevelt Room of the White House in Washington, D.

SVB, Signature Bank collapse tests Joe Biden’s leadership

WASHINGTON — President Joe Biden knew earlier this month that he needed to project command and confidence as he prepared to deal with a looming banking crisis that would rattle financial markets. He had learned that lesson the hard way a decade and a half ago, during the nation’s worst financial crisis since the Great …

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We're finding a way to save the car engine – POLITICO

We’re finding a way to save the car engine – POLITICO

Press play to listen to this article Spoken by artificial intelligence. As for the future of the internal combustion engine, Germany has once again got its own way. The European Commission and Germany’s transport ministry announced an agreement on Saturday morning that commits the EU’s executive to finding a legal way to allow the sale …

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Internet Archive's digital book lending violates copyrights, US judges say

Internet Archive’s digital book lending violates copyrights, US judges say

March 25 (Reuters) – A U.S. judge has ruled that an online library run by the nonprofit Internet Archive violated the copyrights of four major U.S. publishers by lending digitally scanned copies of their books. The ruling by U.S. District Judge John Koeltl in Manhattan on Friday came in a closely watched trial that tested …

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