Author: Lucas Peterson
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Credit Suisse Rejects UBS Takeover Bid!
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Previously, UBS had offered one billion dollars for Credit Suisse, according to media reports. There should be a solution even before the stock exchanges open on Monday.
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“Opium and Spinach:” How TikTok Attacks Western Kids With An Addictive Offering!
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Although they are owned by the same Chinese company, the Chinese version of TikTok significantly differs from the Western version. In a “60 Minutes” interview with CBS, a tech expert explained how the Western version of the Chinese-owned TikTok differs from the Chinese version, comparing the two experiences to “opium…
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Countdown To The Stock Market Crash!
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Economist Nouriel Roubini, who predicted the financial crisis of 2007 and 2008, wanted to live up to his reputation as a crash prophet, who has already earned the nickname “Dr. Doom” because of his constant doom-mongering and said yesterday that Credit Suisse, whose share price plunge the previous day sent…
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Introducing Dr. Doom Nouriel Roubini!
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Nouriel Roubini is CEO of Roubini Macro Associates, LLC, a global macroeconomic consulting firm in New York. He is also the chief economist of Atlas Capital Team LP and co-founder of Rosa & Roubini Associates. In 2006, Roubini warned of the coming recession due to the credit and housing market…
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Will The SEC Soon Control Ethereum?
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Is the Ethereum Blockchain a platform on which cryptos are created and traded that qualify as securities? According to Gary Gensler, Chair of the U.S. SEC, the answer to this question is YES. The discussion about this is not new, but after the difficult crypto year 2022 with the collapse…
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Indian Fintech PhonePe Is Getting Another $200 Million From Walmart!
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Fintech platform PhonePe has received an additional $200 million in primary capital from Walmart at a pre-money valuation of $12 billion. The company has also received $650 million from several global investors.
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Law Enforcement Crashed ChipMixer, The World’s Largest Crypto Money Laundering Service!
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German and US authorities, supported by Europol, seized Bitcoins worth around $46 million In a coordinated international takedown of ChipMixer, a darknet cryptocurrency “mixing” service responsible for laundering more than $3 billion worth of cryptocurrency since 2017. The service laundered the money from illicit activities, including ransomware, darknet markets, fraud,…
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Insolvent Teen FinTech Ruuky Finds A Buyer After All!
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At the beginning of January, the Hamburg-based fintech Ruuky filed for insolvency. At the last minute, a buyer for the startup has been found. A press release said that a strategic investor wants to continue and expand the fintech, which has developed a banking app for young people.
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Global Payment System Ingenico Appoints Laurent Blanchard As CEO!
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Global payment services provider Ingenico appointed Laurent Blanchard (LinkedIn) as the new President and CEO. He has also become a member of the company’s Supervisory Board and Board of Directors, effective April 3, 2023.
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Charles Schwab Share: At Death’s Bed Or Attractive Entry Point?
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On Monday, Charles Schwab (NYSE: SCHW) shares plunged again, falling more than 20% as markets reacted to the aftermath of the SVB crash. However, analysts at Citi upgraded SCHW from Neutral to Buy in a note. The analysts lowered their price target for the stock to $75 from $83 but…