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Credit Suisse stock plummeted on Wednesday during the bank's largest one-day selloff to date. UBS begrudgingly agreeing to acquire rival Credit Suisse has put Swiss banking on center stage. Credit Suisse has stumbled through its fair share of crises in recent years. The sale of Credit Suisse for $3.2 billion begs the question: What the hell are neobanks worth? If a long-established, albeit beleaguered, investment bank was sold at such a discount, then what could a digital-only consumer bank really go for?
One recruiter told Insider they'd seen an influx of resumès of a similar scale to the 2008 financial crisis. Executives looked 'very downbeat' at an all-company meetingHeadquartered in Zurich, Credit Suisse has a large presence in Europe. A European-based headhunter told Insider they'd "heard there were some tears" from Credit Suisse veterans about the prospect of the bank's takeover. As Credit Suisse's outflows accelerated over recent months, it appears its employees have hunted for other postings. One industry headhunter in the UK said their desk has piled up with job applications from Credit Suisse workers for around a month.
Rushen said he was in and out of Jollibee's kitchens over a few months, developing the recipe for the tater tots dish, training staff, and tasting the food. On launch day, he was in the Leicester Square restaurant, he said. Whyte Rushen/Jolibee
Paul Read, a project manager, is heading the design process for the $900 million MV Narrative ship. About three years ago, I was appointed as project manager of Storylines' MV Narrative, a cruise ship with apartments costing up to $8 million each, that will allow residents to live permanently at sea. How the MV Narrative ship will look. The MV Narrative will have an anti-aging clinic. The ones on the MV Narrative are expected to grow lettuce, beans, tomatoes, cucumbers, and strawberries.
Paul Read, a project manager, is heading the design process for the $900 million MV Narrative ship. About three years ago, I was appointed as project manager of Storylines' MV Narrative, a cruise ship with apartments costing up to $8 million each, that will allow residents to live permanently at sea. How the MV Narrative ship will look. The MV Narrative will have an anti-aging clinic. The ones on the MV Narrative are expected to grow lettuce, beans, tomatoes, cucumbers, and strawberries.
A blue cardboard box was priced at $203.50 at time of writing — $2 more than on Monday. The seller wrote that the box was was "limited edition" and "received after getting offer letter one month before the bank blew up." Seller on eBaySource: eBay
Tech-savvy Gen Zers don't seem too hyped about the latest foldable phones. But this age group, born between 1997 and 2015, appears unfazed by the latest foldable phones. Over the past few years, flip phones have had a glow-up. Advertisements of the latest flip phones regularly flash up on television, flood the billboards in public places, and appear in pop-up stores in malls for passersby to play with. Foldable phones are late to the partyThey've been around for nearly 30 years, but flip phones have "missed the boat" in the mass market, Atwal said.
Trump Media has laid off about half a dozen employees, sources told Bloomberg. It comes as Trump Media awaits SEC approval for its merger with the Digital World SPAC. The people told Bloomberg it was projected that Trump Media could fund itself through September at current spending levels. Trump Media and Lawson didn't immediately respond to Insider's request for comment made outside of normal US operating hours. Trump Media, founded in 2021, is waiting for the SEC to approve the merger deal.
Starlink and T-Mobile will test their service in 2023, SpaceX exec Jonathan Hofeller said, per CNBC. This could soon bring cellular connectivity to Americans in areas with no cell service. Hofeller didn't give a specific date for testing the cell service in 2023, according to the report. SpaceX and T-Mobile announced in August they were teaming up to provide mobile users phone service via Starlink satellites in low-Earth orbit. He also confirmed Tesla vehicles would have this feature in the future so they could connect directly to Starlink satellites for emergency calls and texts.
Items featuring the Silicon Valley Bank logo were put up for auction on eBay over the weekend. They include a cardboard box for $201 and a wine tumbler for $42, per the listings. The items listed on eBay included a blue cardboard box with SVB's logo displayed on the front, which was priced at $201 at time of publication. It was listed on eBay on Saturday and the site showed there were five days left until the auction for the box closed. The seller said in the description they were "two pieces of genuine Silicon Valley Bank corporate swag."
Three Gen Zers gave their reasons for preferring printed editions over e-books. But when it comes to reading, Gen Zers say they prefer to pick up a printed book over an e-book. Book sales in the US and the UK have boomed in the past two years, the management consultancy McKinsey found. Perhaps the most surprising trend is not Gen Zers' love of books but the way they consume them. She said while e-books were affordable and great for traveling, her preference was printed books.
Elon Musk said it wasn't cool for Democrats to ask journalist Matt Taibbi to reveal his sources. Rep. Sylvia Garcia asked Taibbi if Musk first approached him, but he refused to answer. In response to a clip shared from the hearing, Musk tweeted: "I'm not his source, but, yeah, obviously asking journalists to reveal sources is not cool." Garcia asked Taibbi in the hearing if Musk was his direct source behind the files. Plaskett tweeted on Thursday: "No one was interested in revealing 'journalists'' sources.
More than 300 people became sick on one of Princess Cruises' ships, the CDC said. Princess Cruises said it was a "mild gastrointestinal illness" likely caused by norovirus. In a statement to Insider, Princess Cruises described the sickness as a "mild gastrointestinal illness." The company said it was likely caused by norovirus, a stomach bug that causes vomiting, diarrhea, nausea, and stomach pain. COVID-19 outbreaks occurred on many cruise ships during the pandemic.
An $81 million superyacht linked to a Russian oligarch is reportedly set to be auctioned off. The 81.2-meter Alfa Nero has been linked to Russian chemicals magnate Andrey Guryev. An Antigua and Barbuda government minister reportedly said the "abandoned" yacht risks becoming a "hazard." The 81.2-meter Alfa Nero was built by Oceanco and can accommodate 12 guests in six staterooms and 28 crew, according to Boat International. The Treasury department said in August that the Alfa Nero was a "blocked property" of Guryev's, and that he reportedly bought the yacht for $120 million in 2014.
Drivers working for ride-hailing apps pick up a wide variety of passengers who have all sorts of preferences. Maksim Konstantinov/SOPA Images/LightRocket via Getty Images)Uber drivers need to be attentive, focused, and dedicated to ensuring their riders reach their destination safely. Insider spoke to five drivers who work for Uber and Lyft about what accessories they — and their passengers — like the most about their vehicles. An Uber spokesperson told Insider their drivers aim to give riders "the best possible experience" on a daily basis. "Furthermore, with our broad range of services — from Uber Comfort to Uber Pet — riders have more choice than ever to ride in the style they choose," they added.
A Twitter director said he spent nine days trying to figure out whether or not he'd been laid off. Haraldur Thorleifsson said he emailed Elon Musk and Twitter HR but got no response. Amid a Twitter spat with Musk, Thorleifsson said he received confirmation he'd lost his job. Three minutes after posting the tweet, Thorleifsson said he'd received confirmation that he no longer had a job at Twitter. In another tweet, Thorleifsson said Twitter's head of HR had emailed to tell him he'd been laid off.
Elon Musk is accompanied around Twitter HQ by at least two bodyguards, an engineer told the BBC. The bodyguards even accompany Musk to the restroom, the engineer said. Musk's use of bodyguards inside Twitter's HQ, in San Francisco, suggested a lack of trust in the company's employees, the engineer told the BBC in a report published Sunday. Musk's father Errol said in January that he feared for his son's safety even though he was protected by "100 security guards." He was responding to Twitter user who suggested he should "add more security guards to your team."
Zoom has fired its president, Greg Tomb, just 10 months after he joined. Before his stint at Zoom, Tomb worked as Google's vice president of sales. Zoom said in a filing with the Securities and Exchange Commission (SEC) that Tomb's termination was effective as of Friday. Tomb's LinkedIn profile shows he joined Zoom as president in June 2022. Tomb's termination comes after Zoom announced in early February it was laying off about 1,300 employees — 15% of its workforce.
Carnival Corporation in January announced it had agreed to install Starlink across its global fleet. Carnival cruise ship. Chiyacat/ShutterstockCarnival said in a statement it began rolling out Starlink on Carnival Cruise Line and AIDA Cruises ships in December last year. The company wants to expand Starlink to its other brands, including Princess Cruises, Holland America Line, P&O Cruises, and Seabourn, it added. The company said Starlink would provide faster and more reliable internet on its ships.
Bill Gates told the FT that people try to make AI look stupid but it wasn't a threat to humans. Asked by a Financial Times journalist whether he was worried about AI, Gates said it was "fine, there's no threat." "It's not clear who should be blamed, you know, if you sit there and provoke a bit," Gates told the FT. But according to Gates, the main problem with AI is not the AI itself doing things but the people controlling it. Although he believes AI is set to trigger some labor displacement, it will create more efficiency, he told the FT.
Five Uber drivers told Insider about the worst types of passengers they pick up. You may not like it, but you could be an Uber driver's worst nightmare. They pick up all sorts of people during their shift, and five told Insider how unpleasant some passengers can be. Five drivers told Insider about the worst things passengers do during a trip. Unlike traditional cabs, Uber drivers have to wait two minutes until they can start getting paid for a trip.
Elon Musk's Tesla plans to offer unlimited overnight home charging for $30 per month to Texans. Texas has a lot of wind at night, which serves as energy, Drew Baglino said at Tesla's Investor Day. The $30 monthly subscription comes as part of Tesla Electric. And in Texas, the wind blows at night," Baglino said. Baglino presented data from the company's virtual Tesla Electric powerplant in South Australia, which served 5,000 customers in 2022.
Gen Z prefers Apple's iPhone to Android smartphones, a poll cited in the WSJ found. A 23-year-old told Insider that features like the iPhone Health app meant she was "Apple for life." Apple made up more than half of the US smartphone market last year, Counterpoint data showed. Apple was the top smartphone seller in Q4 last year in both the US and China, Counterpoint said. Despite Apple's popularity with Gen Z, Samsung is still the biggest smartphone manufacturer in the world by total shipments, according to International Data Corporation's research released in late January.
A passenger said WestJet offered him an eight-hour bus trip after a connecting flight was canceled. The Canadian airline said it was arranging a bus service, which would depart at 4:30 pm to ferry passengers from Calgary to Regina. Other passengers in the line weren't so lucky and had to wait until Wednesday to fly to Regina, Henderson said. A spokesperson for WestJet told Insider in a statement the flight cancellation was due to "unscheduled aircraft maintenance." Ground transportation was arranged to offer a travel option to impacted customers who couldn't wait for another flight, the spokesperson added.
Elon Musk fired four Twitter managers who were previously on a "do not fire" list, per Platformer. The managers, including Esther Crawford, worked at Twitter for just over two years, per LinkedIn. Twitter fired the four senior staffers over the weekend, the report said. The layoffs impacted a range of roles, including product managers, data scientists, and engineers, per Platformer. After the news broke about her job cut, Crawford tweeted that had no regrets about going "all-in on Twitter 2.0."
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