Shares of regional banks in the US slumped on Monday, as investors sold off their stocks in response to the collapse of SVB Financial Group and Signature Bank. This has raised fears of possible bank contagion, despite the additional funding from JPMorgan Chase to help First Republic Bank meet withdrawal demands. SVB catered to tech startups, internet and software companies, as well as firms in the life science and health care space, and had $210 billion in assets.
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Key takeaways: First Republic Bank’s stock price fell more than 70% in early trading on Monday after the company said it had added more cash…
Colin Kaepernick appeared on CBS' "CBS Mornings" to promote his graphic novel memoir "Change the Game". During the interview, he revealed that his white adoptive parents perpetuated racism in their household. Kaepernick's memoir is meant to inspire readers to take action and create change, and he has used his platform to bring attention to issues of police brutality and systemic racism.
Sen. Dianne Feinstein (D-Calif.) has been hospitalized with shingles and is receiving treatment in San Francisco. Sen. John Fetterman (D-Pa.), who had a health scare earlier this year, is also on the path to recovery. Feinstein's office said she hopes to return to Washington soon and her constituents and colleagues are wishing her a speedy recovery.
Sen. Dianne Feinstein, the 89-year-old Democrat from California, has been hospitalized and is receiving treatment for shingles. She is currently in San Francisco and is expected to make a full recovery, though her absence from the Senate could have a significant impact on the Democratic Party's legislative agenda. Shingles is a viral infection caused by the same virus that causes chickenpox, and Feinstein's age puts her at a higher risk for complications.
A powerful winter storm is causing havoc across the West Coast, bringing record-breaking cold temperatures, heavy snow, and torrential rain. Flash flooding has already occurred in Ventura County, and avalanches are expected in higher elevations of Los Angeles and Ventura counties. Residents are urged to take caution and prepare for the extreme weather conditions.
West Coast Braces for Record-Breaking Cold Temperatures and Heavy Snowfall as Rare Winter Storm Hits
West Coast Braces for Record-Breaking Cold Temperatures and Heavy Snowfall as Rare Winter Storm Hits
A rare winter storm has hit the West Coast, bringing heavy snowfall and record-breaking cold temperatures. Flash flooding has already been reported in Ventura County, with up to 7 inches of rain, and overnight lows could drop below freezing in some areas. Downtown San Francisco is expected to experience record-breaking cold temperatures of 38 degrees Fahrenheit. Residents of the affected areas are advised to take precautions and stay informed of the latest weather conditions.
After 50 years, the Burlington Police Department has identified William DeRoos as the suspect in the 1971 murder of Rita Curran, a 24-year-old Vermont teacher. Advances in DNA technology and genetic genealogy allowed authorities to identify DeRoos, who had a fight with his spouse on the night of the killing and later became a Buddhist monk. Acting Chief of the Burlington Police Department, Jon Murad, said that the random violence of Curran’s murder left a stain on the community and devastated her family. The Burlington Police Department is continuing to investigate the case and is asking anyone with information to contact them.