A Wells Fargo Executive Jumped to His Death from a Window of the Wilmington Office in January
Greg Beckett, a 46-year-old Wells Fargo employee, took his own life by jumping from the 14th floor of the bank’s Wilmington, Delaware building one Thursday evening in January. Despite engaging in text conversations with his girlfriend and high-school friends just moments before his tragic death, there were no apparent signs of distress in his final […]
Rivian Reports Positive Production and Delivery Figures In Third Quarter
Yesterday Rivian Automotive, Inc. (NASDAQ: RIVN) reported better-than-expected vehicle production and delivery results for 3Q 2023. The company manufactured 16,304 electric pickup trucks and SUVs in the quarter, up 16.5% from 2Q 2023 levels. Furthermore, Rivian’s 3Q 2023 deliveries increased at a much faster 23.1% sequential pace, reaching 15,564 units versus 12,640 in 2Q 2023. The number of vehicles […]
Sam Bankman-Fried Wanted To Pay Trump $5 Billion Not To Run For President Again
Sam Bankman-Fried, founder of FTX, accused of a historic financial fraud, allegedly considered paying Donald Trump $5 billion to abstain from the 2024 presidential race. This revelation comes from author Michael Lewis during his “60 Minutes” interview, promoting his new book, “Going Infinite,” that chronicles the rise and fall of Bankman-Fried. The entrepreneur’s fortunes took […]
Sweden Pension Fund Sees Chair Step Down After Major Losses
The chair of Alecta’s board, Ingrid Bonde, has resigned. Her resignation follows controversies around Alecta’s substantial losses from investments in U.S. banks and a Swedish property group. Alecta is Sweden’s leading pension fund provider. The firm has been under investigation by the Swedish Financial Supervisory Authority (FSA) over its risk-taking approach, particularly after a loss […]
SmileDirectClub Fails To See “Bankruptcy Bounce” Following Chapter 11 Filing
Four years after going public in an $8.9 billion IPO transaction, SmileDirectClub (NASDAQ: SDC) filed for bankruptcy. The filing came after hours on Friday, with the company indicating it has filed for Chapter 11 in the US Bankruptcy Court for the Southern District of Texas, Houston Division. Certain of its subsidiaries however were not included […]
Employers In New York Will No Longer Be Able To Demand Access to Personal Social Media Accounts . . . Because Apparently, They Could?
New York Governor Kathy Hochul has enacted legislation, Bill A836, prohibiting employers from demanding access to personal social media accounts of employees or job applicants. The law, signed on September 14, 2023, declares it illegal for employers to request login credentials, passwords, or authentication details for personal accounts on electronic devices. Furthermore, employers are barred […]
Surprise: Elon Musk Fan The Boomer Haus Calls Out X for Not Delivering Its End of the Deal
The Elon Musk-loving X-verified organization The Boomer Haus may finally be coming into — as one commenter put it — the Elon Age of Enlightenment. X user @RicochetRowdy shared what appears to be an email from Alexandra Merz, founder of The Boomer Haus, to X’s verified organizations team sent on Friday last week. In the […]
BitBoy Crypto Is Selling His Bored Ape (Except It May Not Be His)
Ben Armstrong, more popularly known as BitBoy Crypto, is selling his Bored Ape NFT, just a few weeks after claiming that Hit Network, the entity that owns the BitBoy Crypto brand, is in control of all his crypto-related assets. Armstrong paid 56ETH for the NFT, which is part of the famous Bored Ape Yacht Club, […]
Tesla Misses Delivery Estimates In Third Quarter
Tesla Inc (NASDAQ: TSLA) appears to be feeling the impact of a weakening economy, reporting this morning a sequential decline in deliveries relative to the second quarter. The electric vehicle makers saw a total of 15,985 Model S/X and 419,074 Model 3/Y vehicles delivered during the quarter, for a total of 435,059. The figure is […]
Carlyle Commodities Begins Metallurgical Work At Newton Gold
Metallurgical test work is about to get underway for Carlyle Commodities’ (CSE: CCC) Newton Gold Project as the management team works to push the project forward.