Mindblown: a blog about philosophy.

  • Top Fed official blasts SVB collapse as ‘textbook example of mismanagement’

    The Federal Reserve’s top banking oversight official has attributed the collapse of Silicon Valley Bank to a “textbook example of mismanagement,” saying the U.S. central bank board had been made aware of troubles at the California bank in mid-February. lender. Michael Barr, the Fed’s vice chairman for oversight, criticized the bank’s “concentrated business model” in […]

  • The Twitter source code was leaked on GitHub shortly after Musk’s firing wave – Ars Technica

    Getty Images | Future publication Portions of Twitter’s source code have recently appeared on GitHub, and Twitter is trying to force GitHub to identify the user or users who posted the code. GitHub disabled the repository on Friday, shortly after Twitter filed a DMCA (Digital Millennium Copyright Act) takedown request, but apparently failed to provide […]

  • What’s going on with Carnival stock today

    Carnival Corp (NYSE: CCL) shares fall 0.6% after Q1 results. CCL reported revenue of $4.43 billion in the first quarter of FY23, surpassing the consensus figure of $4.33 billion. Revenue grew 95% from 2019 levels and increased 173% from $1.6 billion in the prior year. Passenger Cruise Day (PCD) increased 180.5% Y/Y to 20.2 million. […]

  • Disney layoffs begin this week, Bob Iger said in a memo

    Bob Iger, CEO, Disney, during CNBC interview, February 9, 2023. Randy Schropshire | CNBC Disney will begin layoffs this week, the first of three rounds for early summer that will result in about 7,000 job cuts, according to a memo from Chief Executive Bob Iger. The cuts are part of a broader effort to reduce […]

  • Why First Citizens got a $16.5 billion discount for acquiring Silicon Valley Bank

    Shares of regional banks rose Monday after regulators announced a sale of Silicon Valley Bank’s deposits and loans, a deal that shows how much government support will be needed to close new deals during this banking crisis. The buyer, First Citizens Bancshares (FCNCA), was up 47% by 11:15 a.m. ET. Shares of another troubled regional […]

  • Chipotle pays workers after closing store that tried to unionize

    Chipotle restaurant in Teterboro, New Jersey. SOPA Images | LightRocket | Getty Images Chipotle Mexican Grill has agreed to pay $240,000 to the former employees of an Augusta, Maine, location as part of a settlement for closing the restaurant when workers tried to unionize. Chipotle restaurant employees petitioned in late June to unite under Chipotle […]

  • Internet Archive loses copyright infringement lawsuit

    A judge on Friday ruled against Internet Archive, a free online digital library, in a lawsuit brought by four top publishers who claimed the company was in violation of copyright laws. The publishers, Hachette Book Group, HarperCollins, John Wiley & Sons and Penguin Random House filed suit against Internet Archive in 2020, allegingThe company had […]

  • Phillip Eng, former LIRR president, will be MBTA’s next general manager, Healey announced

    Phillip Eng, former president of the Long Island Rail Road, will take over as general manager of the MBTA starting April 10, the Healey administration announced Monday. The announcement ends a months-long search for a new head of the beleaguered transit agency. “Phil Eng is the proven leader the MBTA needs to improve safety and […]

  • This teenager cycled from Alaska to Argentina

    Editor’s Note: (Sign up for Unlocking the World, CNN Travel’s weekly newsletter. Get news about destinations opening up, inspiration for future adventures, plus the latest on aviation, food and drink, where to stay, and other travel developments.) (CNN) He had longed to go on a “crazy adventure” for years, and as Liam Garner’s graduation day […]

  • Stocks falter after the Federal Reserve raises interest rates by 0.25%

    US stocks rallied Monday, while bank stocks also rallied after the North Carolina-based First Citizens (FCNCA) bank agreed to buy most of Silicon Valley Bank. The S&P 500 (^GSPC) gained 0.6% and the Dow Jones Industrial Average (^DJI) gained 0.9%. The Nasdaq Composite (^IXIC) rose 0.3%. Bond yields rallied. The yield on the benchmark 10-year […]

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