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In today’s Daily Brief, we'll be looking at Silicon Valley Bank again, with regulators making moves in recent days.
"There's been a ripple of fear across the economy ever since SVB's demise. But regulators have pulled out the big guns to steady the ship and protect all depositors, and the Federal Reserve has announced a funding program to help protect other vulnerable banks from the same fate."
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Tesla’s price war in China isn’t working, while Micron predicted a brighter future but profit looks pretty gloomy in the meantime.
Goldman predicted that AI could affect 300 million jobs in the world’s biggest economies, while Alibaba announced that it’s splitting its empire six ways.
Saudi Aramco has made big waves in China’s oil sector, while shaky markets have given firms cold feet about going public.
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