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US government: Silicon Valley Bank clients will get funds

Published Sat, 22 Feb 2025 10:36:31 GMT

NEW YORK (AP) — The U.S. federal government said all Silicon Valley Bank clients will be protected and have access to their funds, just days after the bank failed and sent its customers panicking. The Treasury Department, Federal Reserve and FDIC announced steps Sunday designed to protect the bank’s customers and prevent more bank runs. “This step will ensure that the U.S. banking system continues to perform its vital roles of protecting deposits and providing access to credit to households and businesses in a manner that promotes strong and sustainable economic growth,” the agencies said in a joint statement.________This is a breaking news update. Earlier story is below.________Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money.The Federal Deposit Insurance Corporation insures deposits up to $250,000, but many of the companies and wealthy people who use...

North Korea tests submarine-launched missile, Seoul confirms

Published Sat, 22 Feb 2025 10:36:31 GMT

SEOUL, South Korea (AP) — North Korea said Monday it has conducted submarine-launched cruise missile tests, days after its leader Kim Jong Un ordered his troops to be ready to repel its rivals’ “frantic war preparation moves.”The test on Sunday came a day before the U.S. and South Korean militaries begin large-scale joint military drills that North Korea views as a rehearsal for invasion.The official Korean Central News Agency said Monday that the missile launches were meant to confirm the reliability of the weapons system and gauge underwater-to-surface offensive operations of the country’s submarine units.Coming off a record year in missile testing, North Korea’s weapons demonstrations this year include test launches of an intercontinental ballistic missile, short-range missiles and a purported long-range cruise missile system in recent weeks.Experts say North Korea’s escalated testing and threats are meant to claim an ability to conduct nuclear strikes in South ...

March Madness: Alabama earns No. 1 overall seed for tourney

Published Sat, 22 Feb 2025 10:36:31 GMT

Alabama is the overall top seed in the NCAA Tournament after cruising through the end of a season clouded by a murder case over the past two months.The Crimson Tide was awarded the top spot Sunday over Kansas and Houston, each of whom exited their conference tournaments without the titles and missing key cogs on their teams. The defending national champion Jayhawks lost by 20 to Texas on Saturday in the Big 12 tournament. They played without their coach, Bill Self, who went to a hospital emergency room Wednesday night complaining of chest tightness and concerns with his balance. He has been discharged and is expected back this week. Kansas is the No. 1 seed in the West Region. Houston was without leading scorer Marcus Sasser, who went down with a groin injury Saturday. The Cougars are the No. 1 seed in the Midwest Region.Play in the 68-team tournament begins Tuesday with two games in the First Four. March Madness gets into full swing Thursday and Friday with 32 games spread over eig...

Former student at Wisconsin college charged in threats case

Published Sat, 22 Feb 2025 10:36:31 GMT

A former University of Wisconsin-Madison graduate student threatened students, staff members and professors at the university, telling some of them via email before he traveled to the U.S. last week that he planned to kill their children, according to court documents.Arvin Raj Mathur, 32, was in Michigan’s St. Clair County Jail on Sunday following his arrest after traveling from Copenhagen, where he has been enrolled at a university, court records and online jail records show.Federal agents arrested Mathur on Friday night at Detroit Metropolitan Airport and he is being temporarily held without bond, The Detroit News reported. He’s scheduled for a Tuesday detention hearing.Court records state that Mathur “knowingly transmitted in interstate and foreign commerce communications containing threats to injure other persons.” Mathur, a former graduate student in the Department of Anthropology, is charged with interstate or foreign threat to injure after authorities say he email...

Illness sidelines Springsteen tour as 3 concerts postponed

Published Sat, 22 Feb 2025 10:36:31 GMT

SOUTH AMBOY, N.J. (AP) — Bruce Springsteen’s show Tuesday in Albany has become the third concert in a week postponed by the New Jersey rocker citing illness reasons, a month into his first major tour in six years.“The Boss,” as he is known to his fans, also gave himself and his E Street Band sick days last Thursday when they were to have performed in Columbus, Ohio, and again for a concert planned Sunday at Mohegan Sun Arena in Uncasville, Connecticut. Details were lacking in Springsteen’s social media posts, including a Twitter feed which blamed the latest postponement on illness without specifying who was ill or what kind of illness was involve.It merely said: “Due to illness, Bruce Springsteen and The E Street Band’s concert at MVP Arena in Albany on Tuesday, March 14 has been postponed. We are working on rescheduling the date so please hold on to your tickets as they will be valid for the rescheduled show.”The postponement notice made no mention of the major winter storm set to ...

AP News in Brief at 6:04 p.m. EDT

Published Sat, 22 Feb 2025 10:36:31 GMT

Yellen: No federal bailout for collapsed Silicon Valley BankWILMINGTON, Del. (AP) — Treasury Secretary Janet Yellen said Sunday that the federal government would not bail out Silicon Valley Bank, but is working to help depositors who are concerned about their money.The Federal Deposit Insurance Corporation insures deposits up to $250,000, but many of the companies and wealthy people who used the bank — known for its relationships with technology startups and venture capital — had more than that amount in their account. There are fears that some workers across the country won’t receive their paychecks. No plan had been announced on Sunday afternoon with hours to go until Asian markets opened. There were widespread hopes that Silicon Valley Bank would be acquired, but it was unclear if a buyer would emerge. Federal officials set a deadline of 2 p.m. for potential buyers to submit bids in a government auction for the bank, according to a person who familiar with the matter. The p...

Oscars 2023 carpet: Sofia Carson, Fan Bingbing bring regal

Published Sat, 22 Feb 2025 10:36:31 GMT

NEW YORK (AP) — Fan Bingbing made a regal entrance in sparkling silver and emerald green as the champagne-colored carpet heated up Sunday at the 95th Academy Awards.The “X-Men” star wore Tony Ward Couture, with her hair sculpted into an Old Hollywood bob, as some of the men among the early walkers brought the sparkle. We’re looking at you Lorenzo Zurzolo. Others, like Brendan Fraser, went for traditional black tuxedos.While Fan looked like a queen, Sofia Carson was a princess in white custom Giambattista Valli haute couture, a stunning statement diamond and emerald necklace accenting her ball gown with its off-shoulder, form-fitting bodice, a delicate diamond-shaped cutout at the center. Her jewels were by Chopard, including 122.49 carats of emeralds and 92.57 carats of diamonds.Monica Barbaro practiced her carpet walk in a two-tone Elie Saab ballgown of deep plumb and delicate blue chiffon with a long full train.“They were the first couture house to loan to me when nobody kne...

Man charged with battery of an officer after incident over gun in Lincoln Park

Published Sat, 22 Feb 2025 10:36:31 GMT

CHICAGO — A man from Quincy, Illinois has been charged after an incident where a Chicago police officer was injured after an offender took his gun and tried to shot at him in Lincoln Park Friday night.Thomas Tucker, 29.Thomas Tucker, 29, was charged with five felony counts Sunday, which included aggravated battery of a peace officer, disarming a peace officer, aggravated assault and discharge of a firearm, resisting arrest and obstruction of justice, and reckless discharge of a firearm.Police said Tucker was arrested around 9:03 p.m. in the 2100 block of North Cleveland Street Friday after he was identified as the offender who, minutes earlier, attacked and disarmed a Chicago police officer. Tucker fire the officer's weapon during the struggle, but no one was hit by the bullet and Tucker fled on foot after the officer regained control of his weapon. Previous: CPD officer injured in incident over gun in Lincoln Park Tucker was then taken into custody and charged accordingly. He is ...

March Madness: Texas men earn No. 2 seed in Midwest region, face Colgate in first round

Published Sat, 22 Feb 2025 10:36:31 GMT

AUSTIN (KXAN) — After winning the Big 12 Conference tournament title in convincing fashion over the Kansas Jayhawks on Saturday, the Longhorns are now headed for Madness.Texas is off to Des Moines, Iowa for the first round of the NCAA men's basketball tournament and will take on 15th-seeded Colgate on March 16 at Wells Fargo Arena. Texas was placed in the Midwest region by the selection committee and it's the 37th time the Longhorns have made it to March Madness.MORE THAN THE SCORE: Stay up to date on sports stories like these, and sign up for our More than the Score sports newsletter at kxan.com/newslettersTexas A&M is seeded No. 7 and Penn State is the No. 10 seed in their bracket. If the Longhorns win both games in Des Moines, they'll advance to the Sweet 16 at the KFC Yum! Center in Louisville, Kentucky.The No. 1 overall seed is Alabama, and the Crimson Tide was placed in the South region.Texas lost in the second round of the tournament last year to Purdue, and the year befo...

2023 March Madness schedule, how to watch, what channels games are on

Published Sat, 22 Feb 2025 10:36:31 GMT

AUSTIN (KXAN) — March is not only a time of much rejoicing for college basketball fans with the NCAA tournament, but also a time to get reacquainted with cable channels they haven't watched since last March.It's March Madness, and it's quickly approaching with the First Four games tipping off March 14-15 at UD Arena in Dayton, Ohio. The field of 68 gets narrowed to 64 after the games in Dayton with the official first and second-round games March 16-19 across the country. March Madness: Texas men earn No. 2 seed in Midwest region, face Colgate in first round The Sweet 16 and Elite 8 games are set for March 23 and 25 in Las Vegas, New York, Kansas City and Louisville with the Final Four on April 1 and 3 at NRG Stadium in Houston.In case you forgot, which you probably have, you'll need to know what channels truTV, TBS and TNT are. If you using a streaming service like SlingTV, YouTubeTV, DirecTV Stream, Fubo or Pluto, check your guide and find the channel's logo. You should be able t...