Hasta La Gadget!

Netflix took home six Oscars tonight besting all other streaming services, largely thanks to All Quiet on the Western Front, with only Apple TV+ in the mix taking a single award. However, the ceremony was dominated by Everything, Everywhere All at Once (A24) which took home no less than seven statues including three of four for acting, along with Best Director and Best Picture.

A German language take on the classic WWI book, All Quiet on the Western Front won Oscars for Best International Feature, Best Cinematography, Best Production Design and yes, Best Original Score (despite some critics’ complaints about said score). 

Netflix also took home the Best Animated Feature trophy for Guillermo del Toro’s Pinocchio, a strong feather in its cap considering competition from established studios like DreamWorks, Sony Pictures and Pixar. Apple TV+, meanwhile, made it a streaming animation sweep, winning the Oscar for Best Animated Short Film with The Boy, the Mole, the Fox, and the Horse.

Everything Everwhere All at Once took home most major Oscars, even though it was handicapped by its early 2022 release. Its haul included Best Actress (Michelle Yeoh), Best Supporting Actor (Ke Huy Quan), Best Supporting Actress (Jamie Lee Curtis), Best Director (the Daniels) and Best Picture. The highlights of the night were perhaps the emotional speeches by Ke Huy Quan and Michelle Yeoh, who was the first Asian person to win Best Actress. “For all the little boys and girls who look like me watching tonight, this is a beacon of hope and possibilities,” she said on the stage.

This article originally appeared on Engadget at https://www.engadget.com/netflix-leads-streaming-services-with-six-oscars-071026666.html?src=rss

Viewers couldn’t get enough of the “Killing Eve” star’s face when “Everything Everywhere All At Once” won the Oscar.

US regulators have announced that they’re taking action to “fully” protect all deposits at Silicon Valley Bank (SVB), CNBC has reported. The institution is home to a large number of startups and established companies like Roku and Etsy, which will have full access to their funds as of today. At the same time, officials said there will be “no bailouts” and that shareholders and unsecured creditors won’t be protected. 

“Today we are taking decisive actions to protect the U.S. economy by strengthening public confidence in our banking system,” the FDIC, Treasury Department and Federal Reserve said in a joint statement. “Depositors will have access to all of their money starting Monday, March 13. No losses associated with the resolution of Silicon Valley Bank will be borne by the taxpayer.”

The FDIC took over SVB on Friday following the largest US bank collapse in nearly 15 years. There were concerns that numerous tech startups and companies wouldn’t be able to make their payrolls, and Etsy said yesterday that payments to merchants may be delayed. On Friday, Roku announced that it could lose as much as 26 percent of its cash reserves, or more than $487 million, due to the collapse.

On top of SVB, Signature Banks was closed by regulators on the weekend. It’s one of the largest banks used by cryptocurrency companies, as the Coinbase exchange, for one, had $240 million in deposits at the bank. In the same joint statement, federal regulators said that “all depositors of this institution will [also] be made whole.”

Silvergate, another institution popular with crypto exchanges (and known for purchasing Diem, the ambitious crypto project funded by Facebook), collapsed on March 8th. That marks a run of three key banks with ties to technology firms closing in the space of a week. 

To reassure depositors no doubt nervous over these events, the government said that it will make additional funding available to other eligible institutions. The new program will allow banks to put up treasuries and other safe government securities as collateral in return for central bank loans of up to one year. It’s designed to fix a key issue that led to SVB’s failure: unrealized losses on government securities caused by rapidly rising interest rates.

“The U.S. banking system remains resilient and on a solid foundation, in large part due to reforms that were made after the financial crisis that ensured better safeguards for the banking industry,” the joint statement reads. “Those reforms combined with today’s actions demonstrate our commitment to take the necessary steps to ensure that depositors’ savings remain safe.”

This article originally appeared on Engadget at https://www.engadget.com/us-regulators-will-protect-all-deposits-at-silicon-valley-bank-045837677.html?src=rss

The word of the day is in common usage, and its letter combination isn’t unconventional either. Need more hints? We have them, as well as the answer.

A24’s Everything Everywhere All at Once has had no shortage of acclaim since its release last year, and now it’s won Best Picture at the 95th Academy Awards.

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