
President Trump and Gov. Newsom have traded sharp insults in recent days as California awaits billions of dollars in federal wildfire relief.
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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.
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