JP Morgan To Acquire First Republic Following Government Seizure And Failed Auction
JPMorgan Chase & Co (NYSE: JPM) won the bidding war to acquire First Republic Bank (NYSE: FRC) in an emergency government-led intervention after private rescue efforts failed to fill a hole on the ailing lender’s balance sheet and customers withdrew their savings. JPMorgan will acquire First Republic’s assets, which include around $173 billion in loans, […]
Core Assets Assays 1,115 g/t Silver, 1.09% Copper In Sample At New Discovery
Core Assets Corp (CSE: CC) has made a new discovery at its Silver Lime CRD-Porphyry project, which is part of its Blue Property, found in northwestern British Columbia.
Tenet Fintech Sees Sudden Departure Of CEO, Co-founder Johnson Joseph
Tenet Fintech (CSE: PKK) shareholders were left asking questions over the weekend after the Friday evening news that CEO Johnson Joseph had “left the company effective immediately.” Joseph had been at the helm since 2011, when he co-founded the company. Little was said by the board on the departure of Joseph, with the associated news […]
Enbridge Acquires Natural Gas Storage Facility For $400 Million
Enbridge Inc (TSX: ENB) is expanding its natural gas assets. The firm this morning revealed it would be acquiring FortisBC Midstream, which holds natural gas assets in Fort St. John, British Columbia. The transaction will see Enbridge pay $400 million for the subsidiary of FortisBC Holdings, which owns a 93.8% stake in the Aitken Creek […]
Kevin O’Leary Attempts to Claim Taylor Swift Didn’t Accept FTX Deal Only Because the Exchange Blew Up
Former FTX spokesperson and investor Kevin O’Leary is trying to rope singer-songwriter Taylor Swift into his category by claiming that Swift only shook off the $100 million FTX deal because the exchange was already going bankrupt. Speaking to YouTuber Kevin Paffrath on Thursday, O’Leary casually “speculated” that “the only reason she didn’t $100 with FTX […]
Herman Miller CEO’s Tone-Deaf Rant: A Case Study in Leadership Failure
Today we’re going to explore a fascinating case study in leadership. Or rather, a study in how not to lead when running a company. Picture this: a CEO goes on a tone-deaf rant, causing a firestorm of criticism and ridicule. In what might just be one of the cringiest internal leaks, is the unfortunate story of […]
California To Ban Sale Of Diesel Trucks In 2036, Forces Trucking Firms To Go Electric
Electric pickups and big-rig’s might hardly even exist, but California is determined to force their adoption one way or another. On Friday the Golden State saw regulators approve new rules put forth by the California Air Resources Board that will require medium and heavy duty trucks sold in the state to be zero emission by […]
Supreme Court Faces Credibility Crisis After Chief Justice’s Wife Found To Be Paid By Law Firms
Many Americans believe the country’s political leaders — especially leaders of the opposite party — have dangerously extremist views, are pushing the country in the wrong direction, and in some cases are corrupt. Moreover, divisions in the country seem to have dramatically widened over the last decade and show no signs of lessening. Skepticism about U.S. […]
SF Office Real Estate Gets Smacked: $300 Million Office Tower for Sale at 80% Off
The state of San Francisco’s commercial real estate market has reached a critical point, as evidenced by the significant drop in the value of the 22-storey tower at 350 California Street. Valued at around $300 million in 2019, the building is now expected to sell for just $60 million, an 80% drop in just four […]
Fyre Festival 2: Redemption or Disaster?
Ladies and gentlemen, brace yourselves for the comeback of the century, or should we say, the potential disaster of the decade. Billy McFarland, the low-quality mastermind behind the notorious Fyre Festival fiasco, is back and planning to take another stab at event planning. Released from prison in March 2022 after serving four years for wire […]