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According to the news, Musk may resolve years of grudge with J.P. Morgan
Two of the world's most influential CEOs, Tesla's Elon Musk and J.P. Morgan's Jamie Dimon, may have ended a decade-long grudge and are moving towards a more friendly relationship. Since March of this year, Musk and Damon have been trying to start a new page. At that time, Musk attended the first session of the J.P. Morgan Technology Conference and appeared on the same stage as Damon. Musk's businesses, including Tesla and SpaceX, halted deals with J.P. Morgan Chase after a storm in 2016. Furthermore, the bank led by Dimon did not invest in any of Musk's businesses. According to reports
Saudi Aramco's $12 billion stock sold out in a few hours
Saudi Aramco's $12 billion stock sold out soon after Sunday's trading began, a boon for the government, which is seeking funding to help pay for large-scale economic transformation plans. According to the terms of the transaction as seen, within a few hours after the market opened, the government made requirements for all stocks. The book costs between 26.70 riyals and 29 riyals. Three people familiar with the matter said that although it is unclear how much demand comes from overseas, the orders reflect a mix of local and foreign investors. Three people familiar with the matter declined to be named because the information was not disclosed. The degree of participation of foreign investors will be affected by
JPMorgan Will Play More 'Moneyball' as the Wall Street Giant Expands Use of an AI Tool to Help Portfolio Managers 'correct for Bias'
Elon Musk and Jamie Dimon Are Said to Be on Friendlier Terms
Is Now The Time To Put JPMorgan Chase (NYSE:JPM) On Your Watchlist?
Credit Weekly: Loan frenzy masks rise in default losses
Last month, businesses used cash-chasing credit to sell a record amount of leveraged loans. However, just look at the recovery rate of default and you'll find that this type of debt is increasingly risky. According to a report released this month by S&P Global Ratings (S&P Global Ratings), investors expect to be able to recover less than 35% of their investment in the first quarter of the US and Canada when there is a problem with the loan, compared to 72% from 2018 to 2022. Troubled borrowers have done a good job of making creditors compete with each other, forcing
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