CNBC analyst Jim Cramer is once again being pilloried on social media after a clip resurfaced showing the “Mad Money” host recommending viewers buy shares of Silicon Valley Bank’s parent company, which owns the tech-driven commercial lender that swiftly collapsed on Friday.
New York-based Signature Bank, with $110.36 billion in assets, has become the third largest bank failure in US history, following the recent collapse of Silicon Valley Bank, but depositors of both banks will be made whole and no losses will be borne by the taxpayer.
HSBC has agreed to acquire the UK arm of Silicon Valley Bank for a nominal fee of £1, following the collapse of the bank due to its specialization in lending to technology companies.
Authorities in New York City are calling for an end to the use of face masks inside delis after a bodega worker was killed by a masked assailant, leading to a reversal of the city's earlier COVID-era mask mandates.
The Department of Transportation's internal watchdog is auditing Secretary Pete Buttigieg's use of private jets, which came under scrutiny after a report revealed he had taken at least 18 flights using taxpayer-funded private jets since taking office in early 2021.
An unsecured government cloud email server that contained approximately three terabytes of internal U.S. military emails, including a completed SF-86 questionnaire with sensitive personnel information, was connected to the internet without a password for two weeks, potentially exposing this sensitive data to anyone who knew its IP address.
Immunity acquired from a COVID-19 infection can provide strong and lasting protection against severe illness and death, according to the largest meta-analysis to date on immunity following infection published in The Lancet.
