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Despite Silicon Valley Bank Collapse, Roku Confident It Has Enough Funds
So far, the effects of the failure of Silicon Valley Bank (SVB) seem to be under control, but the failure of the bank has had an effect on firms that had money in the bank. Roku was harmed, as around 26% of its cash and financial equivalents were placed at the bank. When the government…
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The FBI Has No Evidence That Trump Sent the Feds to Rescue DeSantis
In November, Donald Trump asserted that he “put in the FBI and U.S. Attorneys” to prevent election fraud in Broward County, Florida, in 2018, allowing Ron DeSantis to win the governorship. “I stopped his Election from being stolen,” he posted on Truth Social, reportedly about DeSantis’ potential presidential ambitions. That’s news to the federal government.…
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While Energy Costs Fall, Shelter Prices Go Up
In line with forecasts, inflation moderated somewhat in February. The most recent consumer price index (CPI) indicates that prices rose 0.4% month-over-month in February, down from 0.5% in January, while annual inflation is up 6%, down from 6.4%. 70% of the rise was due to an increase of 0.8% in the cost of housing. The…
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Google Claims New Search Feature Will Boost Low-Cost Health Care Access
Google unveiled on Tuesday, at its annual health event, a series of modifications to its search engine that, according to the company, would make it simpler to find information on cheap healthcare services. For instance, the company will prioritize affordable local healthcare options in its search results. It will also employ Duplex, a conversational artificial…
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Southwest Airlines Outlines Strategy to Enhance Operations Before Next Winter
Southwest Airlines Co. on Tuesday detailed a plan to strengthen its operational resilience following extensive cancellations and delays caused by a winter storm late last year. “We comprehend the underlying issues that lead to the Christmas disruption, and we are validating our internal analysis with the third-party evaluation. Now, we intend to reduce the likelihood…
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Meta Dismisses 10,000 Employees in Its 2nd Wave of Layoffs
As a cost-cutting measure, Facebook’s parent company Meta is eliminating an additional 10,000 staff and will not fill 5,000 vacancies. In November, the corporation announced 11,000 layoffs, or around 13% of its staff. Meta and other IT companies have been aggressively hiring for at least two years and have begun laying off some of those…
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Biden Signs Order Strengthening Gun Control Law
On Tuesday, President Joe Biden signed an order that requires more background checks before a gun can be sold. The administration touts the plan as bringing the United States as close as possible to universal background checks without new legislation from Congress, which is unlikely given the impasse in Congress over the issue. Biden has…
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FDA Assures Paxlovid Does Not Trigger COVID ‘Rebound’
Complaints that Pfizer’s antiviral medication used to treat COVID in high-risk patients generate rebound symptoms have plagued the drug’s reputation. In a new report, the FDA states that rebound also happens in individuals who did not take paxlovid, which can prevent COVID from becoming severe if administered early enough and appears to be a part…
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Ex-GOP Governor’s Aide Is Still Missing After Missed Corruption Trial
Tuesday, dozens of federal officers swooped on the Maryland home of Roy McGrath, the former chief of staff for former Republican Governor Larry Hogan, after he vanished just ahead of the commencement of his corruption trial on Monday. It is alleged that he misappropriated hundreds of thousands of dollars in government cash while serving as…
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Rumor Emerges About Quentin Tarantino’s Tenth and Last Film
According to The Hollywood Reporter, Quentin Tarantino is setting the stage for what will be hailed as his final feature film. The trade newspaper said on Tuesday that the 59-year-old director had penned a script named The Cinema Critic and is planning to “direct” it later this year, although it was unclear if this referred…