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(Bloomberg) — Asian stocks climbed Tuesday following gains on Wall Street as immediate concerns over the strength of the global financial system dissipated.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessMorgan Stanley Strategist Says Bank Stress Signals Bear Market EndThe One Big Winner and Many Losers of UBS’s Credit Suisse RescueCredit Suisse’s Fate Was Sealed by Regulators Days Before UBS DealFutu

As if Microsoft weren’t already all up in Google’s grill with its gussied-up new Chat-GPT-powered Bing, now it wants to make an app store too….

(Bloomberg) — Some of the world’s biggest investors are looking beyond interest-rate hikes, bank failures and the threat of recession to one of the greatest fears of all money managers — missing out on the next big rally.Most Read from BloombergUBS to Buy Credit Suisse in $3.3 Billion Deal to End CrisisCredit Suisse’s $17 Billion of Risky Bonds Are Now WorthlessMorgan Stanley Strategist Says Bank Stress Signals Bear Market EndThe One Big Winner and Many Losers of UBS’s Credit Suisse RescueCredi

Amazon.com said it would cut 9,000 more corporate jobs across units that include its profitable cloud-computing and advertising businesses, a sign that the company’s cost-cutting is extending into all aspects of its operations as technology giants continue to slash spending. Chief Executive Andy Jassy said in a statement that the company added a significant number of employees in recent years, a step he defended as necessary given what was happening in Amazon’s business at the time. “Given the uncertain economy in which we reside, and the uncertainty that exists in the near future, we have chosen to be more streamlined in our costs and head count,” Mr. Jassy said, noting that the layoffs come after Amazon completed its annual planning process.

Dow Jones futures: First Republic crashed 47%, as JPMorgan and other big banks made new efforts to stabilize the troubled bank.

In this video, I will explain why Amazon (NASDAQ: AMZN), Microsoft (NASDAQ: MSFT), and Shopify (NYSE: SHOP) all fell on Monday while the broader market was green.  *Stock prices used were from the trading day of March 20, 2023.

In the latest trading session, Union Pacific (UNP) closed at $189.69, marking a -0.17% move from the previous day.

In the latest trading session, Boise Cascade (BCC) closed at $62.05, marking a +1.55% move from the previous day.

Iron Mountain (IRM) closed the most recent trading day at $51.08, moving +1.57% from the previous trading session.

Main Street Capital (MAIN) closed the most recent trading day at $38.44, moving -0.1% from the previous trading session.

In the latest trading session, Stanley Black & Decker (SWK) closed at $78.64, marking a +1.22% move from the previous day.

In the latest trading session, Schnitzer Steel (SCHN) closed at $28.96, marking a +1.51% move from the previous day.

Amazon will lay off 9,000 white-collar employees by the end of April, CEO Andy Jassy announced on Monday (March 20), on top of the 18,000 jobs the online retailers has cut since November.

In the latest trading session, Tenaris S.A. (TS) closed at $28.45, marking a +0.89% move from the previous day.

In the latest trading session, Celularity, Inc. (CELU) closed at $0.59, marking a -0.69% move from the previous day.

In the latest trading session, Warner Bros. Discovery (WBD) closed at $14.24, marking a -0.7% move from the previous day.

Cigna (CI) closed at $272.90 in the latest trading session, marking a +1.28% move from the prior day.

Assertio (ASRT) closed at $5.78 in the latest trading session, marking a -0.86% move from the prior day.

Mosaic (MOS) closed the most recent trading day at $43.61, moving +1.21% from the previous trading session.