The resilient job market is finally showing signs of cooling off

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Good morning. I'm Phil Rosen — still recovering from last night's Succession episode. I'm actually writing to you not far from where HBO films many of the scenes in downtown Manhattan (fingers crossed I show up as an extra this season). 

Speaking of jobs — Friday was a key day for labor-market data. Today we're taking a closer look.

The dollar's dominance on the world stage isn't going away. Here's why.

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Happy Friday eve, readers. I'm Phil Rosen. As a financial journalist, I'm always trying to distill complex ideas into plain language (for my own understanding as much as yours). 

As for Opening Bell, I've found it helpful to remember that the stock market operates as a zero-sum game.

Like poker or chess, one player's win means another player's loss. 

Swiss prosecutors have opened an investigation into the takeover of Credit Suisse by UBS, report says

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credit suisse ubs merger logos
UBS merged with Credit Suisse in a deal brokered by regulators in March.

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6 easy online side hustles to start with little to no money

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Female Florist Vlogger Recording Flowers Arrangement Video
Side hustles are a great way to fulfill a passion or make some extra cash.

Oscar Wong/Getty Images

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.

Justin Sullivan / Getty Images North America

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