November 10, 20240 Comments

Can Spirit Aero survive and what it means for Boeing acquisition By Investing.com

Investing.com — Spirit AeroSystems (NYSE:) on Tuesday, November 5, raised concerns about its ability to continue operations, sparking questions about the implications for Boeing (NYSE:)’s planned acquisition. In its third-quarter financial report, the aerospace manufacturer disclosed “substantial doubt about the Company’s ability to continue as a going concern exists.” “The Company will require additional liquidity to continue its operations over the next 12 months,” the filing added. Spirit AeroSystems reported

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November 10, 20240 Comments

Securities and Exchange Commission (SEC) Seeks to Dismiss Three of Crypto Exchange Kraken’s Defenses in U.S. Lawsuit

The SEC sued Kraken in November 2023 for operating a platform as an unregistered securities exchange, broker, dealer and clearing agency. The SEC said it believes that since at least September 2018, Kraken had made hundreds of millions of dollars unlawfully by facilitating the buying and selling of crypto asset securities. Kraken filed for the case to be dismissed, a motion that was rejected in August. Source link

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November 10, 20240 Comments

US Inflation Progress Gets Harder in Last Mile Down

(Bloomberg) — US inflation probably moved sideways at best in October, highlighting the uneven path of easing price pressures in the home stretch toward the Federal Reserve’s target. Most Read from Bloomberg The core consumer price index due on Wednesday, which excludes food and energy, likely rose at the same pace on both a monthly and annual basis compared to September’s readings. The overall CPI probably increased 0.2% for a

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November 10, 20240 Comments

Kate’s ‘solemn duty’ and PM to hold talks with Macron

BBC The Telegraph and several other papers carry an image of the Princess of Wales at the Cenotaph on Sunday, as she returns to public duties after undergoing cancer treatment earlier this year. Elsewhere, the Telegraph reports that Sir Keir Starmer and Emmanuel Macron will hold talks on whether US President Joe Biden can be persuaded to give Ukraine permission to fire Storm Shadow missiles into Russia. The paper describes

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November 10, 20240 Comments

Asda to cut 475 jobs and reduce hybrid working

PA Media Supermarket Asda has announced 475 roles will be cut in their head offices Asda has confirmed 475 roles at their head offices in Leeds and Leicestershire will be cut and hybrid working reduced as part of a business restructure. The retailer said the move, which would affect less than 10% of its head office staff, would enable it to “simplify structures” amid a challenging market. In a note

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November 10, 20240 Comments

Over $2.8 billion bet on bitcoin topping $90,000 as it hits all-time high

Jakub Porzycki | Nurphoto | Getty Images Bitcoin reached a fresh all-time high near $81,000 and futures premiums soared, in a clear sign that investors believe the record-run in the world’s largest cryptocurrency is poised for even more gains on the back of U.S. elections that saw a swell of pro-crypto candidates win office. Open interest in bitcoin’s price surpassing $90,000 rose to more than $2.8 billion on the popular

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November 10, 20240 Comments

Australia’s Novonix inks deal to supply synthetic graphite to Stellantis By Reuters

(Reuters) – Australian battery maker Novonix said on Monday (NASDAQ:) it had signed a binding off-take agreement with automaker Stellantis (NYSE:) to supply high-performance synthetic graphite material to its cell manufacturing partners in North America. As part of the agreement, the Brisbane-headquartered firm will supply a minimum of 86,250 metric tons, up to a target volume of 115,000 metric tons of synthetic graphite from its Riverside facility in Chattanooga, Tennessee,

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November 10, 20240 Comments

Bitcoin hits record high above $81k as Trump rally persists By Investing.com

Investing.com– Bitcoin briefly hit a record high above key levels on Sunday evening, extending a stellar run of recent gains after Donald Trump was elected as the U.S. president, sparking hopes of friendlier crypto regulation. rose nearly 6% to a record high of $81,373.5, before settling around $80,362.9 by 18:16 ET (23:15 GMT).  The world’s largest cryptocurrency, along with broader crypto markets, have been on a tear since Trump’s election

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November 10, 20240 Comments

Wall Street Math Wizards Are Decoding Private-Market Returns

(Bloomberg) — Times are tough in private markets. High borrowing costs are hurting returns, managers are struggling to exit investments, and regulators are circling. All that is bringing back an issue that has long haunted these opaque holdings: No one is quite sure how to actually measure their performance. Barry Griffiths is one of a small group of quantitative analysts giving it a try. He’s the driving force behind an

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November 10, 20240 Comments

South Korean president sorry for controversies surrounding wife

South Korea’s president has apologised for a string of controversies surrounding his wife that included allegedly accepting a luxury Dior handbag and stock manipulation. Addressing the nation on television, Yoon Suk Yeol said his wife, Kim Keon Hee, should have conducted herself better, but her portrayal had been excessively “demonised”, adding that some of the claims against her were “exaggerated”. The president said he would set up an office to

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