County Santa Clara Financial News

The technology-heavy Nasdaq 100 has been the top performer of the major U.S. indices by a wide margin thus far in 2023, soaring 42.3% year-to-date to reach its highest level since April 2022.

Jayshree Ullal and Indra Nooyi are among four Indian-origin women who have made it to the Forbes list of America's 100 most successful self-made women, with a combined net worth of a $4.06 billion. Diane Hendricks, Cofounder, ABC Supply--one of the largest wholesale distributors of roofing, siding and windows in America-- with a $15 billion net worth, retained the top slot followed by musician Rihanna, having a net worth of $1.4 billion. This year's list has eight entrants, including television producer Shonda Rhimes and Insitro CEO Daphne Koller.

A Canadian judge has ruled that the widely used thumbs-up emoji can affirm that a person is legally entering into a contract. 

Gold Cup soccer tournament, which kicked off on June 24 and runs through July 16, the excitement continues to build. The highly anticipated 2023 Gold Cup is set to take place in 13 cities across North America this summer. Teams such as the USMNT, Mexico, Canada, Jamaica, and Costa Rica are expected to make strong runs in the tournament, adding excitement to the upcoming knockout round stage, which promises intriguing matchups. The matches will be hosted in various cities including Toronto, Arlington, Charlotte, Chicago, Cincinnati, Glendale, Harrison, Inglewood, Paradise, St. Louis, San Diego, Santa Clara, and Houston (twice). The USMNT aims to achieve a historic feat by becoming the first team to win consecutive Gold Cup titles since Mexico's triumph in 2009 and 2011. Meanwhile, the other participating teams are determined to break the trend of USA vs. Mexico finals, which have dominated the tournament since 2017.

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Major crypto exchange Coinbase stated that it has millions in corporate cash balance with the shuttered Signature Bank.

Silicon Valley Bank's customers, along with investors and bankers across the globe, are waiting for an announcement from U.S. regulators about what comes next after the largest bank failure since 2008.

Lawmakers in the US held a meeting with the Federal Reserve and Federal Deposit Insurance Corporation on Friday to discuss the swift and stunning collapse of Silicon Valley Bank (SVB).

USDC issuer Circle has pledged to cover any shortfall in the stablecoin's reserves if it does not receive the entirety of the $3.3 billion held at now-collapsed Silicon Valley Bank.

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The USD Coin (USDC) stablecoin has distanced away from its intended $1 peg following the revelation that Circle has exposure to the now-collapsed Silicon Valley Bank. 

An emerging and rather complex form of investment scam known as “pig butchering,” wherein flirtatious strangers convince unsuspecting users to invest in crypto trading platforms that eventually seize funds when victims try to cash out, has reportedly robbed victims of millions of dollars worth of cryptoassets. 

American graphics card manufacturer Nvidia’s stock price tumbled in after hours trading on Thursday because the revenue outlook for Q2 has fallen short of expectations.

Austin Powers supporting actor Seth Green has sparked a debate over who owns the commercial rights to use a Bored Ape Yacht Club NFT, after his Apes were stolen and sold to another party

Nvidia Corporation has agreed to pay $5.5 million for improper disclosure of cryptocurrency mining