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bank

Battery Maker Northvolt Seeks Help to Keep Europe's EV Dreams Alive

November 22, 2024

Swedish battery company Northvolt has taken a significant step by filing for Chapter 11 bankruptcy in the U. S. This move comes as a setback for Europe's plans to become a major player in the electric vehicle (EV) market. Once a highly valued private tech firm, Northvolt aims to restructure its debt

business

Netflix's Sports Push Could Boost Stock by $1, 000

November 21, 2024

Bank of America analyst Jessica Reif Ehrlich is really excited about Netflix's future, especially when it comes to sports. She thinks the company can hit a $1, 000 stock price, which is a big jump from where it is now. Netflix has been doing well this year, with its stock going up by more than 80%.

crime

Tech Startup Founder Accused of Swindling Investors

November 21, 2024

Joanna Smith-Griffin, the brains behind AI startup AllHere Education and a former Forbes 30 Under 30 honoree, is in hot water. The FBI just unveiled an indictment accusing her of lying to investors to steal nearly $10 million. From November 2020 to June 2024, Smith-Griffin allegedly fibbed about her

finance

Inflation Surges in the U. K. , Hitting 2. 3% in October

November 20, 2024

In October, the U. K. saw a surprising jump in inflation, reaching 2. 3%. This is higher than the expected 2. 2% and a significant increase from September's 1. 7%. The news might put a pause on the Bank of England's plans to lower interest rates in December. The Bank aims to keep inflation at 2%, bu

business

Flying with Spirit: What You Need to Know After Their Bankruptcy

November 19, 2024

Spirit Airlines, known for its budget-friendly flights, recently filed for bankruptcy. Don't worry, you can still book and fly with them! The type of bankruptcy they filed for, called Chapter 11, lets them keep running their business as usual. This means no flight cancellations and your tickets and

finance

Spirit Airlines: A Budget Pioneer's Bankruptcy Journey

November 18, 2024

Once a trailblazer in budget air travel, Spirit Airlines has filed for bankruptcy protection. The airline faced a storm of issues: mounting losses, a failed merger, and changing consumer tastes. Despite these hurdles, Spirit aims to keep flying smoothly. "Keep booking, no worries! " said their CEO,

politics

Elon Musk's X Corp. Joins Alex Jones' Bankruptcy Case

November 17, 2024

Elon Musk's X Corp. , the firm that took over Twitter, has entered the bankruptcy case of Alex Jones and his Infowars platform. This comes after a Texas judge raised concerns about the transparency of the auction process. The new owners of The Onion and families of the Sandy Hook victims had been de

finance

Japan's Economy: A Surprising Jump After a Bumpy Ride

November 15, 2024

In a twist of events, Japan's economy has seen a surprising 0. 3% year-on-year boost in its real GDP this past quarter. This sharp turnaround comes after a 1. 1% dip in the previous quarter. You might be wondering what caused this sudden shift. The Bank of Japan made an interesting move when it rais

politics

Court Steps In: A Closer Look at the Onion's Purchase of InfoWars

November 15, 2024

In a surprising turn of events, a judge has ordered a hearing to review the recent purchase of Alex Jones's controversial InfoWars site by the satirical news outlet, the Onion. This decision came after an emergency hearing on Thursday, where lawyers representing Jones and a related company raised co

crypto

Beyond the Hype: Why Serious Tokens Might Outperform Memecoins

November 15, 2024

Memecoins have been riding high, but the party might not last. Alkesh Shah, an analyst at Bank of America, thinks the market is growing up. He expects tokens with real value, like ETH, AVAX, and SOL, to outperform memecoins soon. These tokens power blockchain networks, similar to how Microsoft Windo