Bank stocks are continuing to drop Monday as Wall Street worries about what may be next to topple following the second- and third-largest bank failures in U.S. history.
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In a sign that the situation had worsened, the government also said Signature Bank was closed by New York state financial regulators on Sunday and all depositors there will also have access to their money on Monday.
The rain and snow is expected to extend from Central California to Oregon, as well as northern Nevada. High winds are also a concern.
Silicon Valley Bank, the nation’s 16th-largest bank, failed after depositors hurried to withdraw money this week amid anxiety over the bank’s health. It was the second biggest bank failure in U.S. history after the collapse of Washington Mutual in 2008.
The atmospheric river, known as a “Pineapple Express” because it brought warm subtropical moisture across the Pacific from near Hawaii, was melting lower parts of the huge snowpack built in California’s mountains.
“It’s heaven sent for a skier because I can ski until Memorial Day,” said Dan Lavely, 66, a Reno resident who’s been skiing for about 40 years.
Some of the market’s sharpest drops again came from the financial industry, where stocks tanked for a second day.
The World Obesity Federation predicts more than 4 billion people will be obese if preventive measures are not implemented.
Drugs known as statins are the first-choice treatment for high cholesterol, but people who cannot take those pills because of side effects may have another option.
From 1995 to 2019, colorectal cancer rates doubled among people under 55, even as the overall incidence declined, according to new data from the American Cancer Society.
As a pediatrician and a parent, I am concerned about cannabis and the health of young people whose brains are still developing.
The bank had $209 billion in assets and $175.4 billion in deposits as the time of failure, the FDIC said in a statement.
Eight people were wounded in the shooting, including a woman who was 28 weeks pregnant and lost her baby.
Stocks stumbled on Wall Street Thursday and added to the week’s losses as markets remain anxious about the prospect of more aggressive action by the Federal Reserve.
The financial blueprint that he’s announcing Thursday will serve as a political talking point for a president preparing to run for re-election.