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Silicon Valley Bank’s collapse forces startups to navigate a disrupted financial world

Published Wed, 12 Feb 2025 14:02:31 GMT

Lizette Chapman, Hannah Miller and Priya Anand(Bloomberg) — Startups from Silicon Valley to London, Tel Aviv and tech hubs across Africa depended on Silicon Valley Bank as a one-stop shop for everything, from holding their fortunes to personal mortgages. Now, the bank’s failure has forced them to navigate a new world of banking just as the financial markets tip into chaos.Even if the bank continues under a new name, investors and tech firms alike see a future that is significantly more difficult. Deals ranging from venture debt financing to funding rounds are likely to be impacted by recent days’ upheaval. And just as startups are trying to move their money around and searching for new, safer banks, the entire financial sector is in turmoil with Credit Suisse Group AG plunging to the lowest level on record and dragging other major institutions down with it.Race Capital general partner Edith Yeung said that venture capital transactions will likely be delayed or even scrapped amid the...

San Jose: Woman found dead, husband arrested on suspicion of murder

Published Wed, 12 Feb 2025 14:02:31 GMT

SAN JOSE — Police arrested a man Tuesday after officers found his wife dead in a home in East San Jose, marking the city’s fifth homicide of 2023.Authorities said they were called to the home just before 7 a.m. Tuesday on a report of a dead woman at a residence on the 1300 block of Foxdale Loop. Officers found the woman not conscious and not breathing; she was pronounced dead at the scene.Police did not release any details about why they treated the death as a homicide. The woman’s identity was being withheld by the Santa Clara County Coroner’s Office.Related ArticlesCrime and Public Safety | Oakland: Man recovering from gunshot wounds shot dead in his long term care facility bed Crime and Public Safety | Alleged Concord MS-13 member convicted of murdering teen at local high school Crime and Public Safety | One dead in shooting at homeless camp near Oakland Coliseum Crime and Public Safety | Oakland man sho...

San Jose: Student stabbed at Sunrise Middle School

Published Wed, 12 Feb 2025 14:02:31 GMT

SAN JOSE — A student was stabbed Wednesday afternoon at a middle school near San Jose High School, authorities said.The stabbing was reported about 12:07 p.m. Wednesday at Sunrise Middle School, a charter school at 1149 E. Julian Street. San Jose High School is located just across the street.The 15-year-old student who was stabbed was expected to survive, police said in a tweet Wednesday afternoon. Authorities did not specify where the student was stabbed or how many times.Another student was taken into custody as a suspect in the stabbing, police said.Units are currently investigating a stabbing incident at Sunrise Middle School. One 15 year old student with a non-life threatening injury. Suspect, also a student, in custody. Updates as they become available. TOC: 12:07 PM pic.twitter.com/mtwWFO5Oh8— San José Police Media Relations (@SJPD_PIO) March 15, 2023This is a developing story. Check back for updates.

Stanford employee arrested after allegedly lying about two rapes on campus

Published Wed, 12 Feb 2025 14:02:31 GMT

PALO ALTO, Calif. (KRON) -- A Stanford University employee has been arrested after allegedly lying to police about being raped on the school's campus last year, according to a statement from the County of Santa Clara Office of the District Attorney. Stabbing reported at San Jose middle school Jennifer Gries, 25, of Santa Clara was arrested on Wednesday, and will be arraigned at a later date. Gries has been charged with felony perjury, and she could face jail time if convicted. On August 9, 2022, Gries reportedly told county sexual assault forensic exam nurses at Valley Medical Center that a Black man attacked her inside of a campus garage. Though she did not want to involve law enforcement, she signed the consent form acknowledging that the nurse was a mandated reporter who must inform law enforcement of the incident. Close Thanks for signing up! Watch for us in your inbox. Subscribe Now KRON4 Breaking News ...

Stabbing at San Jose middle school being investigated by police, student in custody

Published Wed, 12 Feb 2025 14:02:31 GMT

(KRON) -- Units with the San Jose Police Department are currently investigating a stabbing at Sunrise Middle School, according to a tweet from SJPD. A 15-year-old student sustained a non-life threatening injury, according to police. The suspect, who is also a student, is in custody police said. The suspect will be booked into juvenile hall on a charge of assault with a deadly weapon. This is a developing story. Check back for updates.

Police searching for suspect in pedestrian hit-and-run in San Jose

Published Wed, 12 Feb 2025 14:02:31 GMT

SAN JOSE, Calif. (KRON) -- A hit-and-run incident left a pedestrian with life-threating injuries on Thursday, and police are asking for assistance in identifying the driver, according to the San Jose Police Department. Stanford employee arrested after allegedly making false claims of rape on campus Just after 7 p.m. on Thursday, officers were called to the area of Tully Road and Flint Avenue on report of a traffic collision. The police investigation showed that a white, or light colored, four-door truck was turning west onto Tully Road from Fling Avenue into the first lane. The driver then hit a pedestrian that was crossing the road. Video from the scene shows the truck slow down, but not stop, before leaving the scene. KRON On is streaming now.embed-container { position: relative; padding-bottom: 56.25%; height: 0; overflow: hidden; max-width: 100%; } .embed-container iframe, .embed-container object, .embed-container embed { position: absolute; top: 0; left: 0; width: 100%; heig...

Jury for men accused in XXXTentacion killing moving slowly

Published Wed, 12 Feb 2025 14:02:31 GMT

The jury in the trial of three men accused of murdering rising rap start XXXTentacion during a 2018 robbery finished a sixth day of deliberations Wednesday without reaching a verdict, asking the judge questions that indicate they are methodically going through the evidence.The seven women and five men asked Circuit Judge Michael Usan a technical question about viewing videos of the men flashing fistfuls of $100 bills hours after the June 18, 2018, shooting and robbery that netted $50,000 and whether they could open an envelope and look at a collection of fingerprints. They could. They have deliberated more than 20 hours since getting the case March 8. Deliberations will resume Thursday.Michael Boatwright, 28 and the accused shooter; Dedrick Williams, 26 and the accused ringleader and getaway driver; and Trayvon Newsome, 24 and the alleged second gunman, are charged with first-degree murder and armed robbery. They face mandatory life sentences if convicted. Prosecutors did not seek t...

Jury sides with Constellation in Corona hard seltzer case

Published Wed, 12 Feb 2025 14:02:31 GMT

In a case that hinged on the definition of “beer,” a federal jury ruled Wednesday that Constellation Brands can still sell Corona and Modelo hard seltzers in the U.S.Anheuser-Busch InBev and its Mexican subsidiary, Grupo Modelo, sued Constellation in 2021, seeking to force it to halt sales of Corona Hard Seltzer and Modelo Ranch Water, a spiked sparkling beverage. Constellation has been licensed to sell Corona and Modelo beers in the U.S. since 2013 under an agreement reached with antitrust regulators after AB InBev acquired Grupo Modelo. Under the agreement, “beer” is defined as “ale, porter, stout, malt beverages and any other versions or combinations of the foregoing, including nonalcoholic versions.” In its complaint filed in federal court in New York, Grupo Modelo said the seltzers don’t fall under those definitions. It sought to halt their sale and force Constellation to pay damages. But in its court filings, Constellation, which is based in Victor, New York, said its hard sel...

Man, 3 kids die in house fire in Michigan’s Upper Peninsula

Published Wed, 12 Feb 2025 14:02:31 GMT

SAULT STE. MARIE, Mich. (AP) — A house fire in Michigan’s Upper Peninsula has killed a man and three young children, authorities said Wednesday.The bodies of a 31-year-old adult and three children believed to range in age from 1 to 4 years old were recovered from the fire Tuesday morning in Sault Ste. Marie, the city’s police and fire chiefs said in a news release posted on Facebook.A man in his 30s was found dead at the scene of the fire, Police Chief Wesley Bierling said. The police and fire departments were called to the scene shortly after 7:30 a.m. Tuesday.The names and exact ages of the victims were being withheld pending confirmation of identity and notification of next of kin, the police and fire departments said.The cause and origin of the fire were under investigation, they said.Sault Ste. Marie, population 13,400, is at the northeastern tip of the Upper Peninsula, about 350 miles (563 kilometers) north of Detroit.Source

7th-year guard Bolon finally makes NCAAs with Charleston

Published Wed, 12 Feb 2025 14:02:31 GMT

ORLANDO, Fla. (AP) — His teammates call him “Psycho D.” The D stands for Dalton, although no one would be surprised if it was for Dad.Dalton Bolon is 24, six years older than many of his College of Charleston teammates, and nearing the end of his college career. It’s a seven-year journey that spans two schools, three degrees, countless teammates and now the NCAA Tournament.“Looking for an eighth (year),” the guard quipped Wednesday. “If there’s a way I can get an eighth, if you people could tell me how, that would be great.”Bolon’s NCAA eligibility finally expires at the end of this season. He’s counting on it not happening Thursday when 12th-seeded Charleston (31-3) plays No. 5 seed San Diego State (24-9) in the South Region. It will be the 155th collegiate game Bolon has played, finishing the last two seasons at Charleston after five years at Division II West Liberty in West Virginia. How did he get such an extended stay?For starters, he redshirted as a freshman at West Libe...