the entire value of its investment in Sam Bankman-Fried's now-bankrupt FTX, citing potential fraud, as the impact of the cryptocurrency exchange's spectacular flameout ripples through to Canada. OTPP says it will book a US$95 million loss as a result of the bankruptcy, an abrupt end to a position it entered just a year ago The pension plan giant with $242.5 billion in assets under management says the writeoff will have a limited impact, given that the FTX investment was less than 0.
Well, Elon Musk's ultimatum that Twitter employees either commit to the company's new “hardcore” work mode or get out has, uh, not gone the way the world's richest man intended. According to reporting from our Bloomberg News partners, employees have been leaving en masse in the wake of the pronouncement, dealing a blow to Musk's shiny new US$44 billion toy.
Shares of The Gap are jumping in the premarket – up nearly nine per cent – after the clothing retailer topped quarterly expectations. Oddly, for anyone that's watched the company for any amount of time, it was perpetual laggard Banana Republic that led the way in comparable sales growth, up 10 per cent.Notable data: Teranet-National Bank House Price Index, Industrial Product and Raw Materials Price Indices, : International Securities Transactions, U.S. Existing Home Sales, U.S.
AND real estate is STILL 40 YO 50 PERCENT OVER VALUED
AND... kevinolearytv is a god dam dbag
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