FDIC sues 17 former Silicon Valley Bank executives, directors over collapse
By Jonathan Stempel (Reuters) – The FDIC on Thursday sued 17 former executives and directors of Silicon Valley Bank, seeking to recover billions of dollars for alleged gross negligence and breaches of fiduciary duty that caused the bank’s March 2023 collapse,
SpaceX Starship prototype fails in space after Texas launch
By Joey Roulette WASHINGTON (Reuters) – A SpaceX Starship prototype failed in space on Thursday minutes after launching from its rocket facilities in Texas, cutting short a test mission that was to include a debut attempt to deploy satellites. SpaceX’s Starship system,
TikTok’s fight against going dark gains support from key US lawmakers
By David Shepardson WASHINGTON (Reuters) – TikTok’s fortunes took a positive turn on Thursday as a growing number of U.S. officials said its Chinese owner should have more time to sell that app and stop it from being banned ahead of
Senate Democrats ramp up pressure on Biden to delay TikTok ban
By David Shepardson WASHINGTON (Reuters) – A growing number of lawmakers are urging President Joe Biden to grant a reprieve to prevent TikTok from going dark in the United States as soon as Sunday, warning millions of creators and businesses could
US FTC refers complaint about Snapchat use of AI chatbot to Justice Department
WASHINGTON (Reuters) -The U.S. Federal Trade Commission said on Thursday it has referred to the Justice Department a complaint against Snap Inc (NYSE:SNAP) that alleges its messaging app Snapchat used an artificial-intelligence chatbot that harmed young users. The consumer