President Biden’s Administration Facing Probable Financial And Economic Chaos
US Treasury Secretary Predicts Financial ‘Chaos’ 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’s Demise
US Senator Sold First Republic Stock and Quickly Bought JP Morgan’s 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’s Actions Still Haunting Adidas As Investors Claim Negligence
Investors Take Stand Against Adidas For Failure To Notify Of Kanye West’s 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 […]
Richard Branson’s Virgin Orbit Declares Bankruptcy
Tough Times Virgin Orbit On March 30th, 2023, it was announced that Virgin Orbit would cease operations “for the foreseeable future.” This announcement came after the company failed to secure funding. On the very same day, in an all-hands meeting, it was announced that the company would be laying off a significant portion of its […]
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