Topline Growing evidence has emerged this week that the Federal Reserve’s interest rate hikes, which have already caused a sudden collapse in the once-hot housing market, have fueled an unprecedented downturn for manufacturers, paving the way for which could lead to a prolonged downturn in the industry. production. ‘One of the biggest deteriorations in world …
On Thursday, John Ray, III, the new CEO of FTX, filed a long-awaited statement in US bankruptcy court, giving a sober assessment of the collapse of Sam Bankman-Fried’s crypto empire. The bankruptcy court filing followed a whirlwind of events, including the publication of explosive texts that Bankman-Fried sent to a Vox reporter earlier this week. …
‘This situation is unprecedented’: 10 crazy things detailed in FTX’s bankruptcy filing Read More »
New Hampshire’s largest electric utility, Eversource, told state regulators late last week that failures in wholesale energy markets could make it difficult for them to secure enough electricity. energy for customers this winter using their normal process. Because the utility only distributes electricity, instead of owning power stations that produce it, Eversource sources energy through …
Eversource begins setting new rates, says it’s in an unprecedented position Read More »
