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A major bank failed. Here’s why it’s not 2008 again

Published Wed, 05 Mar 2025 02:01:34 GMT

NEW YORK (AP) — The financial institution best known for its relationships with high-flying world technology startups and venture capital, Silicon Valley Bank, experienced one of the oldest problems in banking — a bank run — which led to its failure on Friday.Its downfall is the largest failure of a financial institution since Washington Mutual collapsed at the height of the financial crisis more than a decade ago. And it had immediate effects. Some startups that had ties to the bank scrambled to pay their workers, and feared they might have to pause projects or lay off or furlough employees until they could access their funds.How did this happen? Here’s what to know about why the bank failed, who was affected most, and what to know about how it may, and may not affect, the wider banking system in the U.S.WHY DID SILICON VALLEY BANK FAIL?Silicon Valley Bank was hit hard by the downturn in technology stocks over the past year as well as the Federal Reserve’s aggressive pl...

Bournemouth stuns Liverpool 1-0 to avenge 9-0 loss in EPL

Published Wed, 05 Mar 2025 02:01:34 GMT

BOURNEMOUTH, England (AP) — After losing 9-0 at Liverpool earlier this season, Bournemouth got some payback in the Premier League on Saturday.Bournemouth halted Liverpool’s recent momentum with a 1-0 home win to boost its hopes of staving off relegation and deal a blow to the visitors’ hopes of earning a top-four spot.Philip Billing scored the only goal in the 28th minute after being teed up in the box by Dango Ouattara and Bournemouth managed to contain a Liverpool attack that had looked rampant in a stunning 7-0 win over Manchester United last weekend.Mohamed Salah missed a penalty for Liverpool in the 70th, sending his effort wide of the goal, while Virgil van Dijk had an early header cleared off the line. But it was a surprisingly tame performance from a Liverpool team that had looked like it was finally getting back to its best after four wins and a draw in its last five games.That run that had seen Jurgen Klopp’s team move up to fifth place in the standings a...

Lars Nootbaar brings ‘grind-it-out spirit’ to Japan and WBC

Published Wed, 05 Mar 2025 02:01:34 GMT

TOKYO (AP) — Most Japanese couldn’t recognize Lars Nootbaar a few weeks ago, before the World Baseball Classic opened. Few could even pronounce his name or spell it in English or Japanese.He’s becoming a household word in Japan, and fans are singing the praises of the St. Louis Cardinals outfielder at the Tokyo Dome, where he went 5 for 11 with two RBIs during Japan’s 3-0 start.The impromptu song lyrics have anointed Nootbaar as a Samurai and refer to him by his middle name — Tatsuji — which is his grandfather’s name. He’s playing with Japan because of his mother’s roots, the first non-Japan-born player chosen for the national team by ancestry.Hundreds now arrive at the Dome wielding pepper grinders, which has become his trademark with the Cardinals. Fans hold up signs calling Nootbaar an “American-born Samurai,” and his teammates address him by his Japanese nickname “Tachan.” Cardinals teammate Tommy Edman is playing in Tokyo with South Korea, also because o...

Magical Kenya Open Scores

Published Wed, 05 Mar 2025 02:01:34 GMT

SaturdayAt Muthaiga Golf ClubNairobi, KenyaPurse: $2 millionYardage: 7,228; Par: 71Third RoundJorge Campillo, Spain69-68-63—200Robert Macintyre, Scotland71-65-65—201Masahiro Kawamura, Japan67-67-68—202Jayden Trey Schaper, South Africa68-65-69—202Santiago Tarrio, Spain71-68-64—203John Catlin, United States64-70-70—204Ryo Hisatsune, Japan70-63-71—204Matthew Jordan, England68-68-68—204Lukas Nemecz, Austria67-68-69—204JC Ritchie, South Africa69-69-66—204Borja Virto Astudillo, Spain66-68-70—204Julien Brun, France70-68-67—205Rafa Cabrera Bello, Spain67-69-69—205Ashley Chesters, England68-72-65—205Nacho Elvira, Spain67-65-73—205Craig Howie, Scotland68-67-70—205Jannik De Bruyn, Germany71-67-68—206Gavin Green, Malaysia66-69-71—206Tom McKibbin, Northern Ireland69-69-68—206Velten Meyer, Germany71-69-66—206Pierre Pineau, France65-70-71—206Nick Bachem, Germany66-67-74—207Alejandro Canizares, Spain71-67-69—207Alejandro Del Rey Gonzalez, Spain72-68-67—207Grant Forrest, Scotland70-70-67—207Justin H...

Magical Kenya Open Par Scores

Published Wed, 05 Mar 2025 02:01:34 GMT

SaturdayAt Muthaiga Golf ClubNairobi, KenyaPurse: $2 millionYardage: 7,228; Par: 71Third RoundJorge Campillo, Spain69-68-63—200-13Robert Macintyre, Scotland71-65-65—201-12Masahiro Kawamura, Japan67-67-68—202-11Jayden Trey Schaper, South Africa68-65-69—202-11Santiago Tarrio, Spain71-68-64—203-10John Catlin, United States64-70-70—204-9Ryo Hisatsune, Japan70-63-71—204-9Matthew Jordan, England68-68-68—204-9Lukas Nemecz, Austria67-68-69—204-9JC Ritchie, South Africa69-69-66—204-9Borja Virto Astudillo, Spain66-68-70—204-9Julien Brun, France70-68-67—205-8Rafa Cabrera Bello, Spain67-69-69—205-8Ashley Chesters, England68-72-65—205-8Nacho Elvira, Spain67-65-73—205-8Craig Howie, Scotland68-67-70—205-8Jannik De Bruyn, Germany71-67-68—206-7Gavin Green, Malaysia66-69-71—206-7Tom McKibbin, Northern Ireland69-69-68—206-7Velten Meyer, Germany71-69-66—206-7Pierre Pineau, France65-70-71—206-7Nick Bachem, Germany66-67-74—207-6Alejandro Canizares, Spain71-67-69—207-6Alejandro Del Rey Gonzalez, Spain72-6...

Miami-based 777 Partners takes 64.7% stake in Hertha Berlin

Published Wed, 05 Mar 2025 02:01:34 GMT

BERLIN (AP) — Miami-based investment group 777 Partners has completed its 64.7% majority stake takeover of Hertha Berlin.The German soccer club said Saturday that 777 had acquired the company shares previously owned by Lars Windhorst’s investment group. Windhorst said in October he wanted out after a breakdown in his relationship with the club.Windhorst had invested 374 million euros ($400 million) since 2019 on his dream of turning Hertha into a “big city club” but only ever saw the team fight relegation amid constant upheaval. Windhorst allegedly hired an Israeli detective agency to try and force Hertha’s previous president out, then also fell out with his successor.The sale of Windhorst’s shares was approved by the Hertha’s supervisory board and by the registered company behind the club. Financial details of sale were not disclosed.“This strategic partnership helps us to further advance the restructuring process and the economic consolidation of Hertha BSC,” Hertha president Kay ...

Ohtani, Sasaki help Japan reach World Classic quarterfinals

Published Wed, 05 Mar 2025 02:01:34 GMT

TOKYO (AP) — Shohei Ohtani had another RBI double, 21-year-old right-hander Roki Sasaki reached 100 mph 21 times in 66 pitches and Japan beat the Czech Republic 10-2 on Saturday night to clinch a quarterfinal berth in the World Baseball Classic.Shugo Maki hit his second home run of the tournament and new Boston Red Sox oufielder Masataka Yoshida had three RBIs, including a go-ahead, two-run double in the third inning off loser Ondrej Satoria as the Sumurai Warriors overcame a 1-0 deficit.Ohtani went 1 for 3 with a walk before a crowd of 41,637 in the Tokyo Dome, leaving for a pinch hitter in the eighth inning. He is 5 for 10 with three doubles, four RBIs and five walks for Japan (3-0), which has one more group game and will host a quarterfinal on Wednesday or Thursday. He also has pitched four scoreless innings.Sasaki struck out eight in 3 2/3 innings, and got the win. He allowed an unearned run, two hits and two walks.Sasaki threw the 16th perfect game in Japanese major league hist...

Ball don’t lie: Game of 1-on-1 offered to settle Maryland and Virginia’s battle for new FBI HQ

Published Wed, 05 Mar 2025 02:01:34 GMT

Maryland Gov. Wes Moore jokingly challenged Virginia Gov. Glenn Youngkin to a game of basketball Friday to determine which state will get to be the new home of the FBI.The Maryland Democrat tweeted a short video of him making a shot at the Capital One Arena before the Washington Wizards played the Atlanta Hawks on Wednesday.Youngkin, a Republican, accepted the challenge by tweeting of short clip of him draining a shot while he was on the campaign trail.Game on! https://t.co/7lkZyB5Jmt pic.twitter.com/iIGyFoWWjA— Governor Glenn Youngkin (@GovernorVA) March 9, 2023More Local NewsMore Maryland NewsMore Virginia NewsIt was a moment of levity in an otherwise tense bidding war between the two states.Maryland officials ended a meeting earlier Friday without coming to a conclusion yet again about where to put the new FBI headquarters. They said changes to the scoring process last year unfairly tipped the process toward Virginia’s Springfield site.Both states made their final pitches to the ...

Lewandowski back from injury for Barcelona’s trip to Bilbao

Published Wed, 05 Mar 2025 02:01:34 GMT

BARCELONA, Spain (AP) — Robert Lewandowski has recovered from a leg injury in time to play for Barcelona when the Spanish league leader visits Athletic Bilbao on Sunday.Lewandowski was included on Xavi Hernández’s squad list Saturday after the Poland striker had missed two games with a left-hamstring strain.Barcelona did fine without him, beating Real Madrid 1-0 in the opening game of their Copa del Rey semifinal before edging Valencia 1-0 in the league.Lewandowski leads the Spanish league with 15 goals since joining this season from Bayern Munich.___More AP soccer: https://apnews.com/hub/soccer and https://twitter.com/AP_SportsSource

Más de medio siglo después de que una adolescente fuera estrangulada, las autoridades identificaron al sospechoso del asesinato. Pero el caso no está cerrado.

Published Wed, 05 Mar 2025 02:01:34 GMT

(CNN) — Más de 52 años después de que Pamela Lynn Conyers, de 16 años, fuera estrangulada hasta la muerte en el centro de Maryland, las autoridades dicen que han identificado a un sospechoso en su asesinato con la ayuda de la genealogía genética.El sospechoso, a quien la policía identificó como Forrest Clyde Williams III, habría tenido 21 años en el momento de los asesinatos. Murió en Virginia, de donde era originario, en 2018 por “causas naturales”, dijo el teniente de la policía del condado de Anne Arundel, Jackie Davis, en una conferencia de prensa este viernes.Si Williams estuviera vivo hoy, habría sido acusado del asesinato, dijo la policía. Davis dijo que las autoridades pudieron encontrar una foto policial del sospechoso porque había sido arrestado varias veces a principios de la década de 1970, después del asesinato de Pamela, por delitos menores, como actuar “borracho y desordenado”.Pamela, una estudiante de secundaria, desapareció el 16 de octubre de 1970, después de...