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Fin Watch
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Daily Fresh Financial News.
Global Market Updates.

Contact : @San_Crypto @Sky_PV
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📊 US buyback announcements are running at a record pace so far in 2023 currently at $261 Billion

~70% of that is from just 5 companies:

Chevron $CVX - $75B
Facebook $META - $40B
Goldman Sachs $GS - $30B
Booking $BKNG - $20B
Salesforce $CRM - $20B

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🎮 Discord to implement OpenAI's ChatGPT technology to "improve platform features."

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📣 Nvidia $NVDA now has a larger market cap than Tesla $TSLA

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📊 Spotify $SPOT said it now has more than 500 Million monthly active users

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📈 The pound pushes higher, and is now flirting with the $1.19 level

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BREAKING: Bitcoin hits $20,000.📉

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‼️Silicone Valley Bank $SIVB a bank with almost $200 billion dollars in deposits is now down 69% on the day.

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🇨🇳 Xi Jinping elected China’s president for historic third term

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📣 Facebook parent company META is working a decentralized social media Twitter competitor.

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🌐 Swift starts working on a system for transferring CBDC between banks.

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🇺🇸 US unemployment rate increases to 3.6%.

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📊 World Indices :

SPX - 3,918.32 (-1.85%)

🚀 Cryptocurrencies :

Bitcoin USD - 20,208.79 (-6.95%)
Ethereum USD - 1,426.52 (-7.31%)

🌟 Commodities :

Crude - 76.18 (0.61%)
Gold - 1,846.70 (0.66%)
Silver - 20.530 (1.81%)

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📉 First Republic Bank $FRC down 31%.

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🆘 🆘🆘

Silicon vally bank down 60% today $SIVB

First repulic bank is down 45% today $FRC

Signature bank is down 25% today $SBNY

All 3 bank stocks are currently halted. These 3 banks combined have nearly $500 billion dollars in deposits

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🚨🚨🚨 Are we witnessing a banking crisis?

Silicon Valley Bank (SIVB) -60%
First Republic Bank (FRC) -60%

And more
….

Banks across the board have been selling off.

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🇺🇸 Unemployment rate in the US based on education level

Didn't finish high school - 5.8% unemployment rate
Finished High school no college - 3.6%
Some college or associate degree - 3.2%
Bachelor's degree and higher - 2%

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‼️Silicon Valley Bank is shut down by regulators, FDIC to protect insured deposits.

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📊 The market is now pricing in a 66% chance of a 25 basis point hike in March

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🆘 Salesforce $CRM conducted another round of job cuts, mostly affecting sales and marketing

The layoffs are a part of its plan announced in January to reduce its workforce by 10% - Insider

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🆘 Next Big Job Cuts Will Be in Finance and Health Care, Data Show.

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‼️ BREAKING: Many companies have exposure to the now collapsed Silicon Valley Bank.

- BlockFi: $247M
- $ROKU: 487M in cash equivalents
- $SMGO: $34M
- $AMBA: $17M
- Circle $USDC
- $RKLB, $LC, $COHU, $DNA, and many more

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