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  • Lucid Motors has liquidity

    Lucid Motors has liquidity0

    Lucid Motors, the electric vehicle company that recently went public via a SPAC merger with Churchill Capital Corp IV, announced on May 9, 2023, that it has enough liquidity to last for a year, despite missing revenue estimates in its first quarter as a public company. According to a statement released by Lucid Motors, the

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  • Dimon’s Growing Financial Kingdom

    Dimon’s Growing Financial Kingdom0

    In the world of finance, few names carry as much weight as Jamie Dimon. As the CEO of JPMorgan Chase, one of the largest banks in the United States, Dimon has amassed a personal fortune and become a powerful figure in both business and politics. But Dimon’s influence extends far beyond just his own bank.

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  • Nygard vs Bacon: Defamation

    Nygard vs Bacon: Defamation0

    A longstanding feud between Canadian fashion mogul Peter Nygard and billionaire hedge fund manager Louis Bacon has finally come to a head with a $203 million defamation payout. The feud between the two men began in 2009 when Bacon bought property next to Nygard’s estate in the exclusive gated community of Lyford Cay in the

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  • US debt ceiling politics

    US debt ceiling politics0

    Political Calculus Complicates Path to US Debt Ceiling Deal As the United States approaches its debt ceiling, political tensions are running high, making it difficult to reach a deal to avoid defaulting on its debt. The debt ceiling is the legal limit on how much the government can borrow to finance its spending. The current

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  • Regional Banks Under Pressure

    Regional Banks Under Pressure0

    Local Stress: The US Regional Banks Under Pressure Regional banks in the United States are facing mounting pressure as they struggle to keep up with the fast-changing landscape of the financial industry. While the big Wall Street banks have been able to weather the storm, smaller regional banks have been hit hard by a combination

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  • Fed Warns Credit Crunch

    Fed Warns Credit Crunch0

    In recent days, US banks have been experiencing significant turmoil, with several large financial institutions reporting losses and experiencing declines in their stock prices. In response, the Federal Reserve has issued a warning about the possibility of a credit crunch, which could have serious implications for the broader economy. A credit crunch occurs when there

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