After twists and turns of bargaining, $UBS Group AG(UBS)$ announced that it would acquire $Credit Suisse Group AG(CS)$ , and since then UBS and Credit Suisse are one.The closing price of $Credit Suisse Group AG(CS)$ on last Friday was 1.86 Swiss francs, and the final purchase price was 0.76 Swiss francs. The total purchase price was 3 billion Swiss francs, or about 3.25 billion US dollars. UBS initially offered as little as 0.25 Swiss francs per share for Credit Suisse early in negotiations this week.Many people think that this is because $UBS Group AG(UBS)$ is not interested in acquiring 

This past week, we focused on three major market events, the Federal Reserve's interest rate meeting, the quadruple witching day settlement and the drop of high oil price. Of course, we were not only focusing on these three events, but also natural gas price, visits by European leaders to Ukraine, long-term inflation expectations of American households, the Yen exchange rate and other macro events need to be closely tracked. This is the macro level. The micro level needs more attention. The fundamental and technical analysis of the industry and individual stocks is discussed every day.Let's first review the inflation situation in the United States and the Federal Reserve's interest rate meeting. The US CPI index rose 8.6% year-on-year in May, not only exceeding market expectations, but als

Airbnb founder Brian Chesky tweeted in early May that "at this point, it feels a little bit like when they started Airbnb in late 2008.". I wrote a long article about Airbnb before, and I admire Chesky's strategic vision. After the 2008 financial crisis, the global economy is now in a downturn. Paul Graham wrote an article when he invested in Airbnb, "Why start a business when the economy is bad?"? Some agree and some disagree. Anyway, read it again.1. The economy was bad in 2008. Many experts say it was probably as bad as the U.S. economic crisis in the mid-1970s, but it was also the year Microsoft and Apple were born. Microsoft was born in 1975; Apple was born in 1976. This tells us that the recession is not a bad time to start a business, but it is also not a good time to start a busine