EnglishBusiness & Technology
President Biden鈥檚 Administration Facing Probable Financial And Economic Chaos
US Treasury Secretary Predicts Financial 鈥楥haos鈥� If Congress Does Not Intervene Treasury Secretary Janet Yellen on Sunday 7th May 2023, Treasury Secretary Janet Yellen warned that the treasury department could run out of measures to pay its debt obligations by June. Secretary Yellen said that failure by Congress to raise the debt ceiling will cause […]
Insider Trading Or Just Good Business? Several Lawmakers Benefited From First Republic鈥檚 Demise
US Senator Sold First Republic Stock and Quickly Bought JP Morgan鈥檚 Before Collapse As per reports, Lois Frankel, a Democrat representative, recently sold her share of the First Republic Bank before it was seized and sold. Frankel then went on to purchase JP Morgan stock which on Monday, 2nd May, purchased the First Republic Bank […]
Is The Sale Of The First Republic Bank To JPMorgan The End Of A Financial Crisis?
Regulators Sell First Republic Bank To JP Morgan After Seizing It On Monday 1st May 2023, it was announced that regulators (the Federal Deposit Insurance Corporation) had sold the First Republican Bank to JPMorgan Chase. The sale came after the regulators had seized control of the bank as it was in crisis and collapsing. The […]
Kanye West鈥檚 Actions Still Haunting Adidas As Investors Claim Negligence
Investors Take Stand Against Adidas For Failure To Notify Of Kanye West鈥檚 Potential Risk Adidas, the multinational sportswear and accessory corporation, is being sued by its investors. In the class action lawsuit, the investors claim that the company was aware of the potential risk Kanye West, now Ye, posed to the company. According to the […]
Could Theranos’ Elizabeth Holmes Avoid Prison?
Disgraced Theranos Founder Elizabeth Holmes Delays Prison Sentence The disgraced and convicted former Theranos founder and CEO, Elizabeth Holmes was expected to report to prison on Thursday 27th April 2023. However, according to court filings, she will remain free for a little longer after her lawyers filed a last-minute appeal. So while the court is […]
Richest Man, Bernard Arnault’s Company LVMH, Achieves Record Valuation In Europe
The Market Value of Luxury Goods Conglomerate LVMH Mo毛t Hennessy – Louis Vuitton, Exceeds $500 Million, A Record In Europe America seems to have a monopoly when it comes to the highest-valued companies in the world with the likes of Apple and Alphabet. However, As of April, there is a new European player ready to […]
The Price Of A Bad Day: Elon Musk Loses Nearly 13 Billion In A Single Day
Elon Musk’s Net Worth Plummets By About $12.6 Billion Following Tumultuous Few Days For Twitter, Tesla, And SpaceX According to Bloomberg鈥檚 Billionaire Index, the net worth of Twitter, Tesla, and SpaceX CEO Elon Musk plummeted by a whopping $12.6 billion. The dip comes after a chaotic day (Thursday 4th April 2023) for three of Musk鈥檚 […]