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EVs, SPACs are a terrible, expensive match

The cohort of listed electric-vehicle startups vying to become the next Tesla Inc. hasn’t produced many vehicles yet. But they’ve sure kept lawyers and forensic accountants busy. Last week two neophyte EV firms that went public via special purpose acquisition companies last year became the latest to overhaul top management after internal probes revealed potentially misleading statements and other questionable ...

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Fed deals New York City, LA another setback

  The pandemic hit the US economy unevenly, with some places hurting more than others and recovering at different speeds. As the Federal Reserve gets ready to start raising interest rates, we’re about to see that some places are better-positioned to withstand monetary tightening than others. With national unemployment falling below 4%, the Federal Reserve has indicated it’s time to ...

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Facebook’s cataclysm was a win for capitalism

  It was not a good day for Meta Platforms Inc or its investors, but it was a good day for capitalism. After a quarterly earnings report revealed a decline in Facebook’s daily active users — a first for the company — Meta’s shares plunged by 26% on February 4, some $250 billion in market value was eroded, and analysts ...

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