Lamont Traeger – Page 5 – PressClub World

4. 9. 2022 No Responses

Bed Bath & Beyond’s CFO fell to his death from New York’s Tribeca skyscraper

The Bed Bath & Beyond Chief Financial Officer Gustavo Arnal, who was found dead on Friday after falling from the 18th floor of a New York City apartment building, recently was named in a lawsuit accusing him of fraud. The incident occurred...

1. 9. 2022 No Responses

Russian ‘De-Dollarization’ Escalates

Begins “strategic” plan to buy billions In “friendly” currencies. Ever since March 2018, when Moscow dumped practically all of its US Treasury holdings, Russia has been at the forefront of a global process of ‘de-dollarization&#82...

23. 8. 2022 No Responses

Cineworld – The World’s Second-Largest Cinema Chain Confirms It Is Mulling Bankruptcy Filing in US

Cineworld Group PLC confirmed on Monday that it is considering filing for voluntary bankruptcy in the U.S. as well as associated proceedings in other regions. The London-based cinema company–which owns Regal Cinemas–was responding to recent press r...

20. 8. 2022 No Responses

China Jails Billionaire Xiao Jianhua For 13 Years, Slaps $8.1 Billion Fine

In the most glaring lesson yet to the country’s upstart nouveau-riche oligarchs, a Chinese court has sentenced Xiao Jianhua, the billionaire founder of Tomorrow Group known for managing assets for descendants of prominent Chinese leaders, to 13 years i...

17. 8. 2022 No Responses

North Korea fired two cruise missiles towards the sea

South Korea says it is investigating launches after it detected two missiles fired from the North’s west coast into the sea. North Korea has fired two cruise missiles into the sea, according to South Korean officials, in Pyongyang’s first weapons...

6. 8. 2022 No Responses

Spain Bans A/C Dropping Below 80°F, Threatens Massive Fines

Penalties will range from up to €60,000 for minor offenses, to a maximum of €600,000 for serious violations. Citing “a real risk of a natural gas shortage during the coming winter,” the Spanish government has decreed that all shops, department s...

2. 8. 2022 No Responses

Retail broker Robinhood cutting workforce by 23%

Retail broker Robinhood CEO Vlad Tenev said Tuesday in a press release that the broker fintech company will reduce its workforce by approximately 23%. The layoffs will be primarily in operations, marketing and program management. In the release, Tenev blamed...

4. 7. 2022 No Responses

Von Greyerz: Some numbers about the massive money creation

The massive money creation by central and commercial banks in this century has resulted in a growth of global assets from $450 trillion in 2000 to $1,540 trillion in 2020. Debt To GDP Growth As the chart below shows US...

2. 7. 2022 No Responses

FTX gains option to buy BlockFi for up to $240mln

Cryptoexchange FTX has also agreed to provide BlockFi with a $400 million revolving credit facility, Prince said in a tweet. He added that BlockFi has faced a jump in withdrawals after news of crypto lending platform Celsius Network’s freeze. Sam...

29. 6. 2022 No Responses

ECB Will Buy Italian, Greek Bonds Using Proceeds From German, French Bonds To Avoid Crash

Not that long ago analysts and media joked that the ECB’s cunning “market fragmentation” plan – which became critical after Italian bonds crashed when markets realized that QT is not, in fact, QE and without the ECB backstopping worthle...

24. 6. 2022 No Responses

Russia Will Pay Its Foreign Debts in Rubles

On June 23, Russian President Vladimir Putin signed a decree on the payment of foreign currency debt in rubles. Roughly speaking, transactions will be made through a ruble account at the domestic market rate. Payment of such debt on the...

16. 6. 2022 No Responses

Siemens confirms it failed to return turbines to Gazprom

Russian gas supplies to Germany had to be reduced as a result. German conglomerate Siemens has confirmed that Ukraine-related sanctions imposed on Russia have made it impossible for the equipment supplier to return gas turbines to Gazprom after they were...

14. 6. 2022 No Responses

Decelarated Money Supply Growth In 2022 = Recession

Money supply growth fell slightly in April, falling below March’s eight-month high. Even with March’s bump in growth, though, money supply growth remains far below the unprecedented highs experienced during much of the past two years. During the th...

13. 6. 2022 No Responses

Celsius Pauses All Withdrawals

Why do people trust the Khazars so much? Celsius wrote this in a “Memo to the Celsius Community”: Due to extreme market conditions, today we are announcing that Celsius is pausing all withdrawals, Swap, and transfers between accounts. We are taking this...

9. 6. 2022 No Responses

BIS Calls For Centralization Of Crypto

While citing multiple problems with the decentralization model for cryptocurrencies (some of them valid and some of them not), the Bank for International Settlements has concluded in a report released this week that crypto ‘can’t fulfill the role o...

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