SpaceX’s stock threatens to fall below the IPO price. Do investors face a ‘crisis’ if it does?
The company has shed more than $800 billion in market value from its $2.67 trillion peak in less than a month.
The company has shed more than $800 billion in market value from its $2.67 trillion peak in less than a month.
Item 1: Welcome Co-chair Sarah Breeden opened the session by welcoming attendees to the AI Consortium’s (AIC) third quarterly meeting held virtually. Sarah welcomed new Co-chair David Geale, the FCA’s Executive Director for Payments and Digital Finance & Managing Director for the PSR, and congratulated member Harriet Rees on her recent appointment by the Government…
Facing a 7% GDP contraction, the socialist island nation opens up to private banking and investment. In June, the Cuban National Assembly unanimously passed 176 economic reforms aimed at staving off an economic crisis partly caused by U.S. sanctions. Prime Minister Manuel Marrero announced the reforms, which aim to reduce the state’s presence in the…
The implementation and unwinding of the FFCRA’s continuous coverage requirement generated historically large changes in Medicaid enrollment during the COVID-19 pandemic. Using a combination of descriptive and causal analyses, we examine the substantial cross-state differences in these changes, which remain little understood. We find that policies designed to ease unwinding frictions, as well as federal…
Minutes Item 1 – Welcome and introduction The Chair opened the meeting, thanking members for their involvement and reiterated the importance of the decisions which the Group will be making. The primary aims of this inaugural meeting were to review the preliminary results of the public consultation on the theme for the next series of…
The upcoming week will be dominated by the European Central Bank’s (ECB) interest rate decision, United Kingdom (UK) inflation and labor market figures, and preliminary global Purchasing Managers Index (PMI) data. Australian employment, New Zealand inflation and Canadian CPI figures will also attract attention. The US Dollar Index (DXY) trades slightly higher near 100.80 after…
The Bermuda bank agrees to buy a 91.7% stake in CIBC Caribbean Bank for $1.8 billion, creating a regional giant. This article appears in the July/August issue of Global Finance Magazine. Butterfield Group has agreed to acquire a 91.7% stake in CIBC Caribbean Bank Limited for $1.8 billion — $1.09 billion in cash and the…