SVB’s tech failings were a problem long before the bank run that led to its demise, critics say

  • March 12, 2023
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Nikolas Kokovlis | Nurphoto | Getty Images Silicon Valley Bank’s historic meltdown last week was largely attributed to deteriorating business conditions in the firm’s concentrated customer base and an ill-timed decision to invest billions of dollars in mortgage-backed securities. But long-time clients and others with intimate knowledge of how SVB operated say the bank did […]

Believe it or not, the Amish are loving electric bikes

  • March 12, 2023
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Electric bicycles have been finding favor in a growing number of communities. From hunters to surfers and even soldiers, e-bikes and their low-cost, far-reaching transportation options have permeated a surprising number of different groups and use cases. The latest community adopting e-bikes en masse may be even more of a surprise: the Amish. Amish communities, […]

Saudi oil giant Aramco posts record $161 billion profit for 2022

  • March 12, 2023
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The Aramco logo is displayed on a smartphone screen. Sopa Images | Lightrocket | Getty Images Saudi Arabia’s state-controlled oil giant Aramco on Sunday reported a record net income of $161.1 billion for 2022 — the largest annual profit ever achieved by an oil and gas company. Aramco said net income increased 46.5 percent over […]

Quick Charge Podcast: March 11, 2023

  • March 12, 2023
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Listen to a recap of the top stories of the day from Electrek. Quick Charge is available now on Apple Podcasts, Spotify, TuneIn and our RSS feed for Overcast and other podcast players. New episodes of Quick Charge are recorded Monday through Thursday and again on Saturday. Subscribe to our podcast in Apple Podcast or your favorite podcast player to guarantee […]