The Federal Deposit Insurance Corporation, ending its search for a buyer of the failed Silicon Valley Bank, announced late Sunday a government-backed deal in which First Citizens Bancorp will buy the bank's loans and assets.

In the 1960s the San Jose State grad predicted the rapid advances in computer chip technology, which became known as the iconic Moore's Law, charting a course for the age of high tech.

The oil industry qualified a 2024 ballot measure to kill a law that bans new oil wells near schools and neighborhoods, and the fast-food industry qualified another to wipe out a law creating a council to regulate fast food wages. 

Yesenia Ramirez Jose Portillo had pleaded guilty in August to eight charges including kidnapping, attempted kidnapping, conspiracy, burglary, and vehicle tampering, for cutting the brakes on Baby Brandon’s mother’s car. They both faced a maximum prison term of 16 years and four months.

The picture that is emerging of SVB is one of a bank whose leaders failed to plan for a realistic future and neglected looming financial and operational problems, even as they were raised by Fed supervisors.

To combat the presence of fentanyl in the correctional facility, Jonsen said he has taken “extraordinary” measures, including conducting multiple facility searches, more frequent welfare checks and numerous K-9 searches.  

Moody’s downgraded the credit rating of six regional banks, including the holding company of San Jose’s Bridge Bank.

Shares of Western Alliance Bancorp (WAL) – the parent company of San Jose’s Bridge Bank – took an 84% plunge in the first 90 minutes of trading, before rebounding to $23.09 per share by 1:30 EDT.

The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation announced in a joint statement Sunday that all Silicon Valley Bank depositors will have access to all of their money starting Monday, March 13, and that none of these costs will be paid by U.S. taxpayers.

Adobe said 10 Oscar-nominated films used Adobe creative applications, including Everything Everywhere All at Once, Black Panther: Wakanda Forever and Top Gun: Maverick.

The FDIC move came less than two hours after a decision by tech funding giant SV Financial Group, parent company of Silicon Valley Bank, to halt trading shortly after markets opened this morning on NASDAQ – after its stock collapsed in 24 hours from $176.55 to $39.25 per share – sent shock waves across financial markets worldwide.

Quakes fans will greet the team’s new coach, Luchi Gonzales, who was head coach of FC Dallas from 2019-21. Gonzales was assistant coach of the U.S. Men’s National Team, in 2021-22,

San Jose and San Francisco scored well in just one category -- investment -- with the San Jose metro area attracting the most venture capital funding of the 25 measured regions. San Francisco ranked eighth, near Philadelphia and New York.

Tesla's new global engineering and AI headquarters will take over Hewlett Packard's original headquarters on Page Mill Road in Palo Alto.

The city of San Jose has set aside $2.75 million in federal American Rescue Plan Act funds to provide up to 400 grants of up to $15,000 each to small businesses towards owners' outstanding COVID-related rent debt.

The state law violates federal law, the federal appellate court ruled Jan. 15 in a 2-1 decision, which is considered a victory for big business and a major blow to workers.