Recruiters worldwide are inundated with calls from anxious Credit Suisse bankers seeking new jobs amid the UBS takeover, report says

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People walk by the New York headquarters of Credit Suisse on March 15, 2023 in New York City. After its largest shareholder said it could not provide further support, Credit Suisse shares fell by as much as 30% on Wednesday as global concerns over the stability of major banks continued to spread.
Credit Suisse staff are reportedly flooding recruiters with calls about new jobs.

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Here are the 10 weirdest pieces of SVB-branded merch that are being auctioned on eBay. They include an apron and a 'lightly used' fidget spinner.

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Pictures of fidget spinner and speaker featuring SVB's logo next to picture of SVB office.
EBay sellers have put items featuring SVB's logo up for auction.

Justin Sullivan/Getty Images/eBay sellers

Silicon Valley Bank's issues were hiding in plain sight, and its collapse damages the Fed's reputation as a regulator, DataTrek says

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jerome powell
Federal Reserve Board Chairman Jerome Powell.

Yuri Gripas/Reuters

Sellers on eBay are trying to auction off Silicon Valley Bank-branded merch, including a cardboard box for $201 and a wine cooler for $42

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SVB-branded tumbler and cardboard box listed on eBay for auction.
A wine tumbler and cardboard box featuring the SVB logo were listed on eBay.

eBay

Hundreds of startups face a crippling cash crunch and an 'extinction-level event' if no one buys Silicon Valley Bank by Monday

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SVB HQ
Silicon Valley Bank's HQ in Santa Clara, California

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'This is a warning to the Fed': Wall Street reacts to the collapse of Silicon Valley Bank, the biggest bank failure since 2008

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A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.
A Brinks armored truck sits parked in front of the shuttered Silicon Valley Bank (SVB) headquarters on March 10, 2023 in Santa Clara, California.

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A chief global strategist explains why it's time to pivot from stocks as a new era of investing kicks off

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Seema Shah chief global strategist principal asset management

Courtesy of Principal Asset Management

A global recession could be coming - at least that's what commodity prices seem to say

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Happy Friday eve to the smartest corner of the internet. Phil Rosen here, writing to you from New York City. 

This week I've seen commentators draw comparisons between the current boom in artificial intelligence stocks and that of meme stocks two years ago. 

Paying Twitter subscribers made up less than 0.2% of monthly users in the US 2 months after Elon Musk introduced Blue, report says

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An image of new Twitter owner Elon Musk is seen surrounded by Twitter logos in this photo illustration.
After his takeover, Elon Musk launched subscription service Blue.

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Here's what the stock market is facing down this week, from Fed moves to earnings that will set the tone for the rest of 2023

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Good morning, team. I'm your host, Phil Rosen. 

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