Credit Suisse tanked after its largest investor said it couldn’t provide more financial assistance. Banks in the U.S. and Europe were slammed on the news.Story Published at: March 16, 2023 at 06:28AM
CNBC Daily Open: Credit Suisse brings the banking crisis to Europe
China sees record 7.7 million applicants for 200,000 government jobs
Government jobs are typically regarded as stable and prestigious in China, especially since young people’s unemployment has soared to record highs.Story Published at: March 16, 2023 at 04:08AM
Southeast Asia VC firms could see a larger impact from SVB fallout than startups
Some VC firms could face challenges in finding another bank that offers the same product offering as Silicon Valley Bank.Story Published at: March 16, 2023 at 02:28AM
A recession could come sooner on cooling bank lending
Plummeting bond yields, and steep drops in oil and stock prices are all signaling that investors fear a recession is now on the near horizon.Story Published at: March 15, 2023 at 10:14PM
CNBC Daily Open: Credit Suisse spreads the banking crisis to Europe
Credit Suisse tanked after its largest investor said it couldn’t provide more financial assistance. Banks in the U.S. and Europe were slammed on the news.Story Published at: March 15, 2023 at 11:23PM
A longevity expert shares the exercise she does to live longer and prevent her body from ‘aging fast’
Stress isn’t always bad for you, studies show. In fact, it can slow the aging process, in the right circumstances. Psychiatrist and bestselling author Dr. Elissa Epel shares how short-term stress exercises can help you live longer.Story Published at: March 15, 2023 at 04:17PM
Stripe slashes valuation to $50 billion in new $6.5 billion funding round
Payment processor Stripe raised $6.5 billion, largely to provide liquidity to current and former employees, but at a sharply discounted $50 billion valuation.Story Published at: March 15, 2023 at 10:57PM
College hopefuls have a new ultimate dream school — and it’s not Harvard, Princeton or Yale
As National College Decision Day approaches, most of the colleges at the top of students’ wish lists are among the most selective and most expensive.Story Published at: March 15, 2023 at 10:15PM
In client call, SVB’s new CEO urges clients to bring funds back to the bank
Silicon Valley Bank’s new CEO Tim Mayopoulos pitched venture and startup clients hard to help keep the bank alive in a 30-minute call.Story Published at: March 15, 2023 at 08:17PM
Four days of panic: How startup execs navigated SVB’s meltdown and prepared for the worst
When SVB failed last week, tech CEOs had a lot to worry about, most immediately how they would make payroll for March 15. Story Published at: March 15, 2023 at 02:34PM