Credit Suisse given billion lifeline to prevent global bank crisis
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Credit Suisse given $54 billion lifeline to prevent global bank crisis

ByNews Polite

Credit Suisse on Thursday said it would borrow up to $54 billion from the Swiss central bank to shore up liquidity and investor confidence after a slump in its shares intensified fears about a global financial crisis. The Swiss bank’s announcement helped stem heavy selling in financial markets in Asian morning trade on…

Elon Musk apologizes after mocking Haraldur Thorleifsson
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Elon Musk apologizes after mocking Haraldur Thorleifsson

ByNews Polite

Elon Musk is sorry. The billionaire mogul apologized for mocking a fired Twitter employee who suffers from muscular dystrophy and uses a wheelchair. Musk had accused Haraldur Thorleifsson of using his disability as an “excuse” to do “no actual work” after the Iceland-based software engineer complained that he had not…

A bull market is in full swing – and most of us are in denial
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A bull market is in full swing – and most of us are in denial

ByNews Polite

Sucker’s rally! Four months since the stock market began its recovery from last year’s carnage, skeptics are still piling on. Doubters of bull markets ceaselessly hunt bogeymen. There are the old standbys: the Fed and its rate hikes, inflation and recession. There are some newfangled distractions, too: Chinese spy balloons,…

JPMorgan Chase ‘requires workers give 6 months notice’
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JPMorgan Chase ‘requires workers give 6 months notice’

ByNews Polite

A veteran JPMorgan Chase banker fumed over the financial giant’s policy requiring staffers to give six months notice before being allowed to leave for another job. The Wall Street worker, who claims to earn around $400,000 annually in total compensation after accumulating 15 years of experience, griped that the lengthy…

‘Steele Dossier’ firm Fusion GPS tied to bogus rape report against billionaire
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‘Steele Dossier’ firm Fusion GPS tied to bogus rape report against billionaire

ByNews Polite

A federal judge found last week that Fusion GPS — the opposition research firm that compiled the now-discredited “Steele dossier” that had claimed Donald Trump colluded with Russia — played a role in circulating a fake police report accusing a billionaire investor of rape. Shervin Pishevar – a deep-pocketed investor in…

FCC hopeful Gigi Sohn could be named chair by White House if confirmed: sources
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FCC hopeful Gigi Sohn could be named chair by White House if confirmed: sources

ByNews Polite

If Gigi Sohn gets confirmed to join the Federal Communications Commission, the Biden administration may install the ultra-progressive telecom maven as chair of the powerful panel, insiders told On The Money. In a Tuesday Senate hearing, Sohn claimed that any rumor she wants to be chair is “false.” However, sources…

Universal Studios’ new Mario Kart ride ripped for rules restricting plus-sized visitors
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Universal Studios’ new Mario Kart ride ripped for rules restricting plus-sized visitors

ByNews Polite

Super Nintendo World made a splashy debut at Universal Studios Hollywood this month with its soft opening, and gamers and tourists alike raced to see what the park had to offer and to get in line to test out its highly-anticipated Mario Kart ride. Featuring slow-moving carts painted in different colors, the…