📈 Credit Suisse Saved By Bargain Buyout

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Good Morning!

Now, we know the markets can be a bit of a rollercoaster, and today is no exception. U.S. stock futures are down a bit after governments worldwide are stepping in to try and sort out the banking sector's crisis. The Swiss government has forced Credit Suisse into a bargain $3.25 billion purchase by rival UBS to protect depositors.

Let's talk insider trading! We've got the scoop on 6 hot insider trades from companies like SoFi, and the CEOs of Charles Schwab have been buying up shares after the SVB crash. We love it when the big shots put their money where their mouth is, don't we?

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Markets

U.S. futures fall after UBS buys Credit Suisse to stem bank crisis (3 minute read)
U.S. stock futures are feeling a little down today after Credit Suisse got taken over by UBS thanks to some Swiss government involvement - governments worldwide are getting involved to try and put a stop to the banking sector's crisis. Investors are definitely feeling anxious, especially since regional banks are still scrambling to fix things up after the collapse of Silicon Valley Bank. To make matters worse, it seems like Wall Street is expecting more drama ahead as regulators try to keep the banking system from going off the rails.

Investing

Credit Suisse shares tumble – sending US and Europe markets into red (1 minute read)
Credit Suisse's share prices have taken yet another tumble, which has sent markets in both Europe and the US into a bit of a nosedive. Even Wall Street's heroic efforts to give First Republic a cash injection of almost $30 billion didn't stop US stocks from taking a hit. It's like nobody has any faith that the banking sector's problems are going away anytime soon. We can only hope things start looking up soon, otherwise we might need to start hoarding our pennies in a piggy bank under the bed.

UBS agrees to takeover of stricken Credit Suisse for $3.25bn (5 minute read)
The Swiss government has gone and played matchmaker, forcing Credit Suisse and UBS into a shotgun wedding worth almost $3.25bn. The government wanted to ensure that they protected depositors from the stricken bank’s collapse. After a wild weekend of talks, it became clear that a $54bn loan from the Swiss central bank wasn't enough to save Credit Suisse's sinking ship. So, the Swiss president, Alain Berset, decided to play Cupid and declare that a takeover by UBS was the best solution for everyone involved. Let's hope this marriage lasts longer than Britney Spears' 55-hour one!

6 hot insider trades: SoFi, Schwab chiefs buying up shares post SVB (5 minute read)
Anthony Noto, CEO of SoFi Technologies, bought a whopping 45,000 shares worth $242,712, hot on the heels of his purchase of 180,000 shares for almost $1 million earlier this month. Not to be outdone, Charles Schwab's CEO revealed on CNBC that he bought 50,000 shares of his own company. Looks like it might have been a good move, since Citi upgraded Charles Schwab to Buy from Neutral and bumped up their price target to $75.00 last week.

Money

I’m a Self-Made Millionaire: These Are the 6 Investments Everyone Should Make During an Economic Downturn (5 minute read)
Oh boy, with the market in a funk and inflation on the rise, it can feel like trying to find your way through a corn maze blindfolded. But fear not, my friends! According to Thomas Kralow, a self-made millionaire and founder of University Grade Trading Education, the worst thing you can do is sell off your investments and hoard cash like a squirrel hiding nuts for winter.

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