US employers added 236,000 jobs in March, unemployment at 3.5%
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US employers added 236,000 jobs in March, unemployment at 3.5%

ByNews Polite

US hiring slowed in March – but the jobs market remains historically tight in a trend that could put pressure on the embattled Federal Reserve to proceed with another interest rate hike. Nonfarm payrolls increased by 236,000 last month, according to the Labor Department’s closely-watched March jobs report released Friday….

Credit Suisse, UBS shares drop after Swiss probe into merger
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Credit Suisse, UBS shares drop after Swiss probe into merger

ByNews Polite

Credit Suisse and UBS shares fell on Monday after Switzerland’s federal prosecutor opened an investigation into the emergency merger of the two lenders. The office of the attorney general said on Sunday that the prosecutor opened an investigation into the state-backed takeover of Credit Suisse by UBS Group last month, looking into potential breaches of the country’s criminal law by…

Saudi National Bank chair resigns after Credit Suisse meltdown
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Saudi National Bank chair resigns after Credit Suisse meltdown

ByNews Polite

The boss of the Saudi National Bank abruptly resigned from his post Monday, just days after his critical comments about Credit Suisse sparked an industrywide panic that resulted in a forced rescue of the troubled lender by rival UBS. Saudi National Bank Chairman Ammar Al Khudairy is stepping down “due…

Short seller Hindenburg accuses Jack Dorsey’s Block of ‘facilitating fraud’
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Short seller Hindenburg accuses Jack Dorsey’s Block of ‘facilitating fraud’

ByNews Polite

Hindenburg Research, the short-seller whose damning report on Indian billionaire Gautam Adani triggered a $150 billion loss from the mogul’s net worth, is now accusing Jack Dorsey’s mobile payment firm Block of “facilitating fraud against consumers and the government.” Hindenburg on Thursday alleged that Block overstated its user numbers and…

PR firm Joele Frank scoops up space at 22 Vanderbilt, aka 335 Madison
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PR firm Joele Frank scoops up space at 22 Vanderbilt, aka 335 Madison

ByNews Polite

The rarest sighting in this bleak office-leasing season is a deal for more space than a large area rug would cover. But here’s a substantial one: public relations firm Joele Frank is taking 78,353 square feet at Milstein’s 22 Vanderbilt, aka 335 Madison Ave. Joele Frank, which specializes in strategic corporate…

Credit Suisse given billion lifeline to prevent global bank crisis
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Credit Suisse given $54 billion lifeline to prevent global bank crisis

ByNews Polite

Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a global financial crisis. The Swiss bank’s announcement helped stem heavy selling in financial markets in Asian morning trade on…

Elon Musk apologizes after mocking Haraldur Thorleifsson
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Elon Musk apologizes after mocking Haraldur Thorleifsson

ByNews Polite

Elon Musk is sorry. The billionaire mogul apologized for mocking a fired Twitter employee who suffers from muscular dystrophy and uses a wheelchair. Musk had accused Haraldur Thorleifsson of using his disability as an “excuse” to do “no actual work” after the Iceland-based software engineer complained that he had not…