Gordon Moore, a Silicon Valley founding father whose work in the chip industry catalyzed computing, died Friday at age 94, his passing marking the end of a golden era for the tech industry. An Intel INTC, +1.14% a co-founder who played a vital role in several early semiconductor companies, he is perhaps best known for…
With lawmakers spending nearly five hours grilling TikTok chief executive Shou Zi Chew on Thursday, you could be forgiven for having a serious case of deja vu. Congressional hearings in which social media executives get beaten up have been going on for five years in Washington – just ask Meta Platforms Inc. META, +2.24% CEO…
President Joe Biden’s support for a Republican-led effort to overturn the Washington DC City Council’s review of his penal code, signed into law on Monday, plays into the narrative of fear that is increasingly being advanced in the United States. Biden could have used his platform and influence to clarify the real substance of the…
The bankruptcy of Silicon Valley Bank SIVB, , the nation 16e largest bank, has shaken global markets. SVB used short-term deposits to fund investments in long-term bonds, stocks and mortgages – a bet that interest rates would not rise. Once the Federal Reserve began aggressively raising interest rates to curb inflation about a year ago,…
We are approaching the tipping point where the US economy and banking system rolls off the edge and back to safety or falls off the cliff and into a full fledged banking crisis. The Federal Reserve could solve this problem in one step: cut interest rates at its meeting this week. Still, the chances of…
