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Lucid Calls Bankruptcy Report "Completely False" As Shares Stage V-Shaped Recovery
Lucid Calls Bankruptcy Report "Completely False" As Shares Stage V-Shaped Recovery
Summary:
Lucid Exec Calls Bankruptcy Report 'Fake News'
Lucid Reponds, Denies AlixPartners Has Recommended Bankruptcy Route
Lucid Crashes On Report It's Weighing A Take-Private Or Bankruptcy
Lucid PR Head Calls Report "Completely False"
Nick Twork, Lucid's chief communications officer, took to X in late-afternoon trading to deny Electric-Vehicles.com's report about a potential bankruptcy, stating that the "company has sufficient liquidity to carry its operations well into next year, as recently published in its last quarterly filings, and it has not formed any special board committee...
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May 6, 2026 / Tyler Durden
Gundlach Warns "Bagholders" Will "Lose Money" In Private Credit As BDCs Slash Asset Values, JPM Faces $500MM Loss In Biggest "Hung" Deal This Year
Gundlach Warns "Bagholders" Will "Lose Money" In Private Credit As BDCs Slash Asset Values, JPM Faces $500MM Loss In Biggest "Hung" Deal This Year
Add another vocal warning to the chorus singing about the dangers of private credit.
DoubleLine CEO Jeffrey Gundlach, who has been especially critical of private credit for the past year warning last November that the space “has the same trappings as subprime mortgage repackaging had back in 2006,” raised fresh concerns about financial advisers and other principals who ushered retail investors into private credit and other so-called...
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Jul 4, 2026 / Tyler Durden
Waste Of The Day: Stolen Education Grants
Waste Of The Day: Stolen Education Grants
Authored by Jeremy Portnoy via RealClearInvestigations,
Topline: A North Dakota woman was convicted last month of five counts of theft for stealing $131,000 in state grants meant for after-school programs.
Key facts: Faith Dixon, 47, was one of the top recipients of $2 million that the North Dakota Department of Public Instruction awarded in October 2021 for its Out of School Time program to support children impacted by school closures during the Covid-19 pandemic.
Her nonprofit, Faith4Hope, instead sent the funds to her then-husband's food stand,...
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Mar 30, 2026 / Tyler Durden
Futures, Gold Jump As Yields Fall Despite Surging Oil As Recession Fears Surpass Inflation Concerns
Futures, Gold Jump As Yields Fall Despite Surging Oil As Recession Fears Surpass Inflation Concerns
Futures are higher despite continued Iran war escalation which pushed Brent higher by around 2% after Iran-backed Houthi militants in Yemen joining the war on Iran’s said, bouncing from overnight lows which may be driven by positioning, but also by a major shift in the regime with oil now rising instead of falling on higher oil prices as the market pivots to price in not inflation but recession (and look at the spike in gold/bitcoin...
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