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Iranian cellist wins $75,000 Swiss bank prize

Kian Soltani, 25, has just been named Credit Suisse Young Artist of 2018, netting him 75,000 Swiss francs and a Salzburg concert with the Vienna Philharmonic and Franz Welser-Möst. It’s turning into a bumper year for Kian. This summer he won a record deal from DG.

Opening Bell: 12.8.17

Wells Fargo gets a mulligan or three from the Trump administration; making Credit Suisse Swiss again; Deutsche Bank is worried about a bitcoin crash; a congressman asked to borrow a staffer's uterus; and more.

From Poke to Pin: Facebook Corporate-Development Exec Joins Pinterest

Facebook director of corporate development Gary Johnson is moving over to Pinterest in the role of head of corporate and business development. Johnson had been with Facebook for six years, following stints with Credit Suisse, Jefferies & Co. and Apple. At Pinterest, he will lead strategy for key global business initiatives and be tasked with...

TAX CUTS AND JOBS ACT: These 12 companies could pay the highest effective tax rates

Both the House and the Senate have passed a version of a tax plan with huge cuts for business taxes. Credit Suisse crunched the numbers to see who would be paying the highest effective tax rate under proposed rules. No matter which tax...Show More Summary

Broadcom: Reason for Optimism?

Analysts at Credit Suisse reinstated Broadcom with a Buy rating before its earnings release after today's close.

CREDIT SUISSE: Tax reform has sent tech stocks plummeting, and now it's time to buy (FB, SNAP, TWTR, NFLX, AAPL, AMZN, GOOGL)

Tech stocks have slid after the US Senate passed its version of tax reform. One analyst at Credit Suisse thinks lower prices means that now is the time to buy. Strong business fundamentals that have propelled tech will likely continue,...Show More Summary

CREDIT SUISSE: Apple will never catch Venmo (PYPL, AAPL)

Apple released Apple Pay Cash on Monday in the US. Credit Suisse says it poses no threat to PayPal’s entrenched Venmo business. Apple released Apple Pay Cash on Monday, which allows US users with an an up-to-date iPhone to send money...Show More Summary

CREDIT SUISSE: How a no deal Brexit could hit 6 crucial sectors of the British economy

A no deal Brexit is widely accepted to be bad for the UK economy. Parts of the economy will suffer more than others. Financial services, agriculture, and aviation are among the most at risk industries, according to a note from Credit...Show More Summary

The president of Take-Two Interactive does not view loot boxes as a form of gambling

Two-Two Interactive company president Karl Slatoff does not view loot boxes as a form of gambling. Speaking at Credit Suisse’s 21st Annual Technology, Media and Telecom Conference – as reported by Gamasutra – Slatoff weighed in on the issue, stating that he does not view loot boxes as a form of gambling. “In terms of […]

Lam, AMAT Recover: Don’t Fear NAND Price Talk, Says Credit Suisse

Shares of chip equipment makers Lam Research and Applied Materials are recovering from yesterday's sell-off, and Credit Suisse analysts defend the stocks, saying any decline in NAND pricing next year won't hold back their sales of new equipment.

Micron et. al.: This Volatility May Last a Bit, Says Credit Suisse

Micron shares are trading down again today after a big drop yesterday. Credit Suisse defends the stock, but also argues the sudden volatility in chip names could last longer than was the case in corrections of prior years.

Square is taking on the big cryptocurrency exchanges — and it represents a $30 million opportunity (SQ)

Square is running a trial that allows some users of its CashApp to buy and sell bitcoin. That could translate into $30 million in revenues for the company, according to Credit Suisse. It could also cut into the market share of existing...Show More Summary

Credit Suisse just hired 2 top research analysts away from UBS, and it establishes a clear trend

Credit Suisse hired two top research analysts away from UBS. Doug Mitchelson joins the bank as managing director in equity research covering the media, cable/satellite, and telecommunications sectors. Brian Russo joins as a vice president...Show More Summary

Richest 1% own over half the world's wealth

``The world's richest 1% of families and individuals hold over half of global wealth, according to a new report from Credit Suisse. The report suggests inequality is still worsening some eight years after the worst global recession in decades... Show More Summary

Opening Bell: 11.15.17

Cryptos are riddled with pump-and-dump scammers; Zimbabwe is having a coup; Credit Suisse feel bad for millennials; Cards Against Humanity bought a section of U.S.-Mexico border as a marketing gimmick; and more.

Millionaire bankers feel sorry for struggling millennials

WASHINGTON - Millennials get a lot of press -- good and bad -- but Credit Suisse reckons they should have our sympathy. Its Global Wealth Report says those who came of age after the turn of the century have had a “run of bad luck,” and that low wealth tend to be disproportionately found among the younger age groups. Show More Summary

A London startup is launching a debit card that lets you spend bitcoin and ethereum

New startup London Block Exchange is launching a prepaid card linked to an app that will let people spend and hold cryptocurrencies. The startup has raised £2 million from private investors and is headed by an 18-year Credit Suisse veteran. A...Show More Summary

New report shows that half of the world’s wealth is owned by the richest 1 percent

A new report by financial giant Credit Suisse shows that the world’s super-rich have accumulated more than half the world’s wealth, while the 3.5 billion poorest in the world account for just 2.7 percent. Since the financial crisis, the report states, the world’s top 1 percent have seen their share of global wealth rise 18 […]

Why Credit Suisse Thinks Millennials Are The "Unluckiest" Generation

As part of the annual Credit Suisse Global Wealth Report, which as discussed earlier found that for the first time ever, the "Top 1%" owns a majority, or 50.1%, of the world's wealth... ... the millionaire bankers behind the firm's (Ultra)...Show More Summary

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