A newly released report details child sex abuse scandals within the archdiocese of Baltimore. We have the staggering numbers listed in the state attorney general’s report. And Cash App founder Bob Lee was stabbed to death on the streets of San Francisco. These stories and more highlight the daily rundown for Thursday, April 6, 2023. …

Twitter’s official logo was taken over by a familiar face the week of April 2 after Elon Musk converted the platform’s signature blue bird to a Shiba Inu dog on its desktop site front page. The dog has been a symbol often linked to the cryptocurrency Dogecoin, and the change of logo briefly saw the…

The failures of Silicon Valley Bank and Signature bank have set off the blame game in the tech industry, the banking industry, and Congress. Some say there weren’t enough regulations. Others say there were plenty, but regulators just didn’t act on reports of a liquidity crisis at SVB. Cryptocurrency advocates say centralized banking was to blame.…

In the wake of the failures of Silicon Valley Bank and Signature Bank, Congress and President Biden are calling for stricter oversight and changes to the U.S. banking system. Biden also assured the American taxpayers that the funds used to pay the banks’ depositors “will come from the fees that banks pay into the Deposit…

Treasury Secretary Janet Yellen attempted to assure banking institutions on Tuesday that the U.S. is prepared to step in and help smaller banks facing bank runs that pose the risk of contagion. It was a more direct sign of support than she gave in testimony to senators last week. One week ago, federal regulators took…

Since the swift collapse of Silicon Valley Bank, the entire banking system has been in turmoil. The news of failed and struggling banks has left millions of Americans with pressing questions. Some of the breakout searches on Google this past week include: What caused the banking crisis? Are we headed for a depression? Is my money…

Since the economy is cyclical, there is a recession coming at some point in our future. The question, of course, is when. And since no one can definitively answer that, speculation will only continue. Economists, traders, and armchair investors will continue to worry about how persistent inflation and perceived trouble in the banking industry will…

The collapse of Silicon Valley Bank caught some high-profile analysts off guard. The former 16th-largest bank in the nation may not have been a household name, but some household names banked there. The entire situation could have taken a toll on the tech sector, but thanks to U.S. regulators, depositors have already regained access to their…

The FBI said scammers were able to make record profits off of Americans last year. Americans were out more than $10 billion dollars, the most successful scammers have been since the FBI started tracking the data. More than 800,000 scams, or more than 2,000 per day, were reported last year. Total losses were up from $6.9 billion…

The NFL’s Super Bowl attracts hundreds of millions of viewers each and every year. It’s technically a football game but the commercials are their own main event. In 2022, it cost $6.5 million for 30 seconds between the action. Last year, the big game was dubbed the Crypto Bowl because of all of the ads…