The Blame Game, and More Tech Troubles 3/20/23

from Power Lunch · host CNBC

Stocks are higher today, as UBS is rescuing Credit Suisse from the brink. But bond holders are getting wiped out, and they’re not happy.And unhappiness is a common theme here: Europe is now upset with the U.S., and a lot of people are blaming capitalism as a whole. We’ll explore all those issues.Plus, Amazon just announced it will do another 9,000 job cuts. While Apple is making other cuts to try and remain the lone tech titan not to make layoffs. We’ve got the latest details. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.

What this episode covers

Stocks are higher today, as UBS is rescuing Credit Suisse from the brink. But bond holders are getting wiped out, and they’re not happy. And unhappiness is a common theme here: Europe is now upset with the U.S., and a lot of people are blaming capitalism as a whole. We’ll explore all those issues. Plus, Amazon just announced it will do another 9,000 job cuts. While Apple is making other cuts to try and remain the lone tech titan not to make layoffs. We’ve got the latest details.

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The Blame Game, and More Tech Troubles 3/20/23

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This episode was published on March 20, 2023.

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