Recent documents submitted to a U.S. federal court reveal troubling allegations against the major British bank, Standard Chartered. The documents claim that the bank helped finance sanctioned Iranian entities and terrorist groups, all while American authorities turned a blind eye to the evidence at hand. London-based Standard Chartered has faced hefty fines in the past
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Keith Gill, also known as “DeepF——Value” on Reddit and “Roaring Kitty” on YouTube, made headlines almost five years ago when he revealed a $53,000 bet in GameStop. Fast forward to today, and his net worth has skyrocketed to over $289 million. Gill’s ability to influence GameStop’s stock price through his online presence has been impressive,
When it comes to the high prices in the housing market, some consumers tend to blame private equity involvement for making it difficult for individuals to own homes. Despite this belief, experts are hesitant to attribute real estate investor activity as the primary cause for deterring people from becoming homeowners in the United States. In
In a surprising turn of events, Ford Motor’s U.S. new vehicle sales have seen a significant increase of 11.2% compared to the same month of the previous year. This growth is primarily attributed to the strong sales of all-electric and hybrid models. Ford reported a remarkable 65% increase in sales of both hybrid and all-electric
It is no secret that Americans struggle when it comes to taking vacation time. Despite 62% of workers expressing the importance of having paid time off, a significant portion of them do not utilize all the vacation days available to them. This trend highlights a concerning issue in the American work culture, where individuals prioritize
Keith Gill, also known as “DeepF——Value” on Reddit and “Roaring Kitty” on YouTube, has been at the forefront of GameStop’s recent roller-coaster ride in the stock market. Despite Monday’s significant rally, Gill appeared to maintain his substantial position in the video game retailer. Holding onto 5 million shares of GameStop and 120,000 call options with
Saving for retirement is a crucial aspect of financial planning, and recent data shows that the average 401(k) plan savings rate is on the rise. According to a quarterly Fidelity analysis, the combined 401(k) savings rate reached 14.2% in the first quarter of 2024, which is a record high. This percentage is nearing the recommended
Recently, CNBC’s David Faber reported that Paramount and Skydance have finalized the terms of a merger that could potentially be announced in the upcoming days. This merger involves a buying consortium led by David Ellison’s Skydance, with the support of private equity firms RedBird Capital and KKR, reaching an agreement with a special committee at
Jeep is planning to increase its U.S. sales of plug-in hybrid electric vehicles (PHEVs) by up to 50% this year, positioning the technology as a transitional solution between traditional gas-guzzling SUVs and fully electric vehicles. This move comes in response to a slower-than-expected sales pace of electric vehicles (EVs) in the market. As part of
Moderna and Merck revealed groundbreaking data on their experimental vaccine for patients with advanced melanoma, presented at the American Society of Clinical Oncology annual meeting in Chicago. The combination of the vaccine and Keytruda therapy exhibited significant improvements in survival rates and long-lasting efficacy, offering hope to patients with this deadly form of skin cancer.