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Fed’s review of role in Silicon Valley Bank collapse due out

Published Fri, 07 Feb 2025 18:21:19 GMT

WASHINGTON (AP) — The Federal Reserve is scheduled Friday to release a highly-anticipated review of its supervision of Silicon Valley Bank, the go-to bank for venture capital firms and technology start-ups that failed spectacularly in March, setting off a crisis of confidence for the banking industry. The review, due to be released at 11 a.m. eastern, is expected to examine how regulators may have missed warning signs in Silicon Valley Bank’s business and whether they could have been addressed before the bank failed. Further, the report is expected to look at what regulators could do better to prevent a similar bank failure in the future.Federal regulators seized Silicon Valley Bank on March 10 after customers withdrew tens of billions of dollars in deposits in a matter of hours. Two days later, they seized Signature Bank of New York. Although regulators guaranteed all the banks’ deposits, customers at other midsize regional banks rushed to pull out their money — often with a few ta...

Trouble along the Mississippi River as the spring snowmelt drives near-record flooding

Published Fri, 07 Feb 2025 18:21:19 GMT

Chalk up what's going on along stretches of the Mississippi River to another of the myriad impacts of this past winter and early spring's parade of ATMOSPHERIC RIVER STORMS off the Pacific--storms which then swept across the country unleashing mega snowfalls and, in their warm sectors, severe weather.Per cent of average snow over the 2022-23 season to date courtesy of the NOAA Midwestern Regional Climate Center at Purdue UniversityNOAA MIDWEST REGIONAL CLIMATE CENTER 2022-23 SEASONAL SNOWFALL analysis to dateDeparture from mean snowfall over the 2022-23 season courtesy of the NOAA Midwest Regional Climate Center at Purdue UniversityMelting Snow Straining River Systems that Drain the AreaThe past snow season's bountiful snows across the northern Plains and Upper Midwest is now melting and the meltwaters are straining the river systems that drain the area. Mississippi River levels are predicted to reach the 3rd-highest level on the books at Davenport.As of Wednesday morning, the Missi...

Residents frustrated with bad road conditions on Route N in St. Charles County

Published Fri, 07 Feb 2025 18:21:19 GMT

ST. CHARLES COUNTY, Mo. - St. Charles County residents complained about bad conditions on Route N in the area.They said the road is breaking up in places on a 5.5-mile stretch of Route N from Highway Z to Sommers Road. It’s a well-traveled road with about 20,000 vehicles a day."The problem is, we’ve got some pavement that’s deteriorating on the roadbed, and the people around here know about it," said Mike Kern. "So they tend to move over to the center lane the fear is we’re going to have a sideswipe, somebody is going to get hurt.”He said he’s been trying to get action. Trending -- Fair St. Louis shrinks to only one day in 2023 "I’ve called MoDOT a number of time," Kern said.He said that so far, nothing has been done.“No offense to MoDOT; they’re understaffed, but on the flip side, we don’t want anyone to get hurt out here," Kern said.FOX 2 reached out to MoDOT for some answers about the problem patch of road."We have been out since you brought it to our attention and made repairs...

NFL Draft look ahead: Who’s still available for Broncos to target on Day 2?

Published Fri, 07 Feb 2025 18:21:19 GMT

The Broncos on Thursday night opted against launching what would have been a very expensive trade-up into the first round and instead watched as 31 players came off the board.They have myriad roster needs, only five picks at present and don’t pick until No. 67, but there are still many talented players remaining as the second and third rounds get set to begin Friday.Here’s a look at several who make sense for Denver on Day 2.RB Devon Achane, Texas A&M: Will he make it to the 60s after two backs went in the top 12? Ran 4.32 seconds in the 40 at the Combine – best among running backs. Has value in the passing game (60 catches over the past two seasons) and as a potential return man. 5-9 and 188 pounds.OL Steve Avila, TCU: A road-grading interior player, Avila is 6-foot-4 and 332 pounds. He helped anchor the offensive line for a playoff team in the Horned Frogs and is a plug-and-play starter at guard or perhaps at center.DL Keeanu Benton, Wisconsin: General manager Geor...

2023 NFL draft: Winners and Losers from first round

Published Fri, 07 Feb 2025 18:21:19 GMT

In the first round of the NFL draft, three quarterbacks were selected in the top five, while there were too many trades to keep track of. With that said, here are some winners and losers from an eventful Thursday in Kansas City.First Round winnersLamar Jackson: The Ravens quarterback has to be smiling. Thursday started with him reportedly signing a five-year extension worth $260 million with $185 million in guarantees. Jackson would later get another playmaker on offense when Baltimore drafted Boston College wideout Zay Flowers with the 22nd overall pick. Jackson will now go into the 2023 season with wide receivers Rashod Bateman, Flowers and Odell Beckham Jr. at his disposal. The future is bright in Baltimore.Related ArticlesDenver Broncos | NFL Draft look ahead: Who’s still available for Broncos to target on Day 2? Denver Broncos | 2023 NFL draft tracker: Picks, instant reaction and more live coverage Denver Broncos | George Paton, ...

Parents upset over fights breaking out across Riverside school campuses

Published Fri, 07 Feb 2025 18:21:19 GMT

Parents say fights on high school campuses across the Riverside School district are out of control and only getting worse.The concern from parents follows an incident at Ramona High School on Wednesday where an 18-year-old male student and his 14-year-old sister were arrested after a fight broke out.Police said the 18-year-old refused to comply with school officials during the incident. When the school officer attempted to detain him, he resisted and that’s when his sister allegedly attacked the officer, said Riverside police.Parents say incidents like this are becoming increasingly common within Riverside district campuses and it’s time for changes to be made.An open-session board meeting to address the issue took place on Thursday with parents and community members in attendance.A video from another fight breaking out at Martin Luther King High School during lunchtime on Monday shows two students getting violent as others watched nearby. LAPD officer’s finger bit off by homeless...

22-year-old pleads guilty to bringing 65,000 fentanyl pills into Syracuse

Published Fri, 07 Feb 2025 18:21:19 GMT

SYRACUSE, N.Y. (WSYR-TV) -- A 22-year-old suspect from California pled guilty on Thursday, April 27, to possessing over 65,000 fentanyl pills with the intent to distribute them in the Central New York area.Jose Orozco Acosta admitted as part of his plea that on April 4, 2022, he traveled from Bakersfield, CA to a storage unit in Syracuse, NY, and transferred the contents of his storage unit which included over 65,000 fentanyl pills, weighing approximately 7.2 kilograms, into a storage unit in the city of Syracuse. On the Lookout: Suspect involved in alleged stabbing in Auburn Kinney Drugs Acosta carried the pills in a black plastic tote and transferred them to the Syracuse storage unit with the intent to distribute them throughout the CNY area. The investigation was coordinated primarily by New York State Police Investigators in conjunction with DEA Special Agents in Bakersfield, CA, who revealed Acosta was transporting fentanyl and other narcotics from his home in Bakersfiel...

Oakland residents displaced for months after flooding

Published Fri, 07 Feb 2025 18:21:19 GMT

OAKLAND, Calif. (KRON) -- When heavy rain hit the Bay Area New Year’s Eve, more than 300 residents were displaced from their apartments at Coliseum Connections in Oakland.Nearly four months later, many of them are still living in hotels.KRON 4’s Rob Nesbitt reports on the resident’s frustrations.BART owns the land that Coliseum Connections apartments is on and they allowed public comment during their board of directors meeting today. Residents aired their frustrations and concerns.”This is what the inside of Coliseum Connections looked like on New Year's Day -- the flooded lobby, apartments and parking garage sent displaced residents to stay in hotels.Four months later, the hotel rooms that were supposed to be temporary are still a reality for residents like Dream Jasmine. Shooting at business near SF’s Westfield Mall sends person to hospital; suspect detained “It’s been 117 days, we don’t need you to listen anymore we need you to do something,” said one displaced resident. She jo...

Seahawks take Witherspoon at No. 5, Smith-Njigba at No. 20

Published Fri, 07 Feb 2025 18:21:19 GMT

RENTON, Wash. (AP) — When the first round ended, the Seattle Seahawks had nabbed the top-rated cornerback, the top-rated wide receiver, and didn’t do any wheeling and dealing of trades with either of their first-round picks. None of those three outcomes fits directions the Seahawks were expected to go on the first night of the NFL draft. Seattle held on to both of its first-rounders, selecting Illinois cornerback Devon Witherspoon at No. 5 overall and coming back to get Ohio State wide receiver Jaxon Smith-Ngjiba at No. 20 on Thursday night. Both positions were expected to be addressed at some point by Seattle, but not necessarily in the spots the two players were selected. Most believed Seattle — holding the highest draft pick in the long tenure of general manager John Schneider and coach Pete Carroll — would go with a defensive lineman or one of the quarterbacks. But with three QBs gone in the first four picks, the Seahawks’ leadership bypassed the likes of defensive tackle Jalen ...

Chiefs pick hometown star Felix Anudike-Uzomah of K-State

Published Fri, 07 Feb 2025 18:21:19 GMT

KANSAS CITY, Mo. (AP) — The Kansas City Chiefs picked a hometown boy with the last selection in the first round of the hometown NFL draft.The Super Bowl champions bolstered their pass rush Thursday night when they chose Kansas State’s Felix Anudike-Uzomah with the 31st overall pick. He was born in Kansas City and became a prep star in the suburb of Lee’s Summit, Missouri, before helping the Wildcats to a Big 12 title last season, when he was voted the league’s defensive player of the year.“I got drafted by literally my favorite team growing up,” Anudike-Uzomah said. “It’s definitly a dream come true.”Anudike-Uzomah fills a big need for the Chiefs, who released Frank Clark not long ago to create some salary cap space.The Chiefs also used a first-round pick last year on defensive end George Karlaftis, and now they have two young players to anchor their pass rush for years to come. Karlaftis had six sacks while helping the Chiefs win the Super Bowl as a rookie.“...