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the Fed needs to slow down or ‘stuff is going to break’

As the fallout from Silicon Valley Bank‘s failure continues to unfold, the Federal Reserve needs to slow down before “a lot more stuff” breaks, Altimeter Capital’s Brad Gerstner told CNBC’s Halftime Report Monday. Gerstner said he wasn’t “pointing fingers” at Fed Chair Jerome Powell. But Gerstner said that there would …

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Third-biggest bank failure in U.S. history

The Signature Bank headquarters at 565 Fifth Avenue in New York, US, on Sunday, March 12, 2023. Lokman Vural Elibol | Anadolu Agency | Getty Images On Friday, Signature Bank customers spooked by the sudden collapse of Silicon Valley Bank withdrew more than $10 billion in deposits, a board member …

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Silver Lake and CPP Investments to acquire Qualtrics for $12.5 billion

Signage in front of Qualtrics International Inc. headquarters in Provo, Utah, U.S., on Monday, Jan. 11, 2021. George Frey | Bloomberg | Getty Images Silver Lake and CPP Investments on Monday announced plans to acquire Qualtrics for $12.5 billion, marking the second time the survey software company has been bought …

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Biden Interior approves controversial Alaska oil drilling project

Climate activists gather to protest with demanding President Biden stop the Willow Project by unfurling a banner on the Lafayette Square in front of the White House on January 10, 2023 in Washington D.C. Celal Gunes | Anadolu Agency | Getty Images The Biden administration approved a major and controversial …

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ChatGPT and Generative AI are booming, but at a very expensive price

OpenAI CEO Sam Altman speaks during a keynote address announcing ChatGPT integration for Bing at Microsoft in Redmond, Washington, on February 7, 2023. Jason Redmond | AFP | Getty Images Before OpenAI’s ChatGPT emerged and captured the world’s attention for its ability to create compelling sentences, a small startup called …

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First Republic drops, bank stocks decline

A First Republic Bank branch in New York, US, on Friday, March 10, 2023. First Republic Bank shares were halted after plunging by as much as 53% on Friday, the most intraday on record, as bank stocks are roiled by the fallout from SVB Financial Group.  Jeenah Moon | Bloomberg …

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Silicon Valley Bank signed exclusive banking deals with some clients

A delivery person drops off pizzas at Silicon Valley Banks headquarters in Santa Clara, California on March 10, 2023. Noah Berger | AFP | Getty Images Silicon Valley Bank had exclusivity clauses with some of its clients, limiting their ability to tap banking services from other institutions, SEC filings show. …

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What advice would you give younger self?

The rise of artificial intelligence-powered chat products like ChatGPT have a lot of people wondering what sort of tasks AI can already handle as well as humans. Now, you can add “interviewing Bill Gates” to that list. Recently, the billionaire Microsoft co-founder sat down with U.K. Prime Minister Rishi Sunak …

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The No. 1 habit that sets successful, happy people apart

The path to success is often paved with grit and exertion — at least, that’s what we’re told.  Millionaires and Olympians alike tout the importance of outworking your competition and pushing past your limits. While this might be true, exertion isn’t what sets high achievers apart from everyone else — …

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Eliminate these 11 phrases that ‘make people respect you less,’ says public speaking expert

As a public speaking expert, I’ve spent over a decade working with executives and leaders from major companies like Google, Facebook and LinkedIn. My advice to them is always: Less is more. Being too wordy dilutes your message and presence. Instead of using weak filler words, silence is sometimes best; …

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