BREAKING: Rite Aid, $RAD, has officially filed for bankruptcy just days after its 61st anniversary
As part of the bankruptcy restructuring, Rite Aid will close many of its 2,100 stores. The company has had more than $2 billion in losses over the last 5 years and 50% of their stores have closed from their peak. Their stock is down 80% this year and 99% from its all time high. Source: The Kobeissi Letter
The 10 Biggest Swiss Watch Brands 🏆by revenues
Source: Morgan Stanley
Where we are on the Buffett indicator
(The ratio of the total United States stock market value to GDP) Source: Brian Feroldi
Good news :)
If you exclude everything you need from the basket, the war against inflation is won...
The bull market in bankruptcies...
Source: TME, TS Lombard
Survival of the fittest..
Only 31% of companies started in 1998 were still alive in 2005... Source: Brian Feroldi
JPMorgan Debuts Tokenization Platform, BlackRock Among Key Clients According to a report by cointelegraph
United States banking giant JPMorgan debuted its in-house blockchain-based tokenization application, the Tokenized Collateral Network (TCN), on Oct. 11, according to Bloomberg. TCN settled its first trade for asset management giant BlackRock. The Tokenized Collateral Network is an application that allows investors to utilize assets as collateral. Using #blockchain technology, investors can transfer collateral ownership without moving assets in underlying ledgers. In its first public collateralized trade between JPMorgan and BlackRock, the TCN turned shares of one money market fund into digital tokens, which were then transferred to Barclays bank as security for an over-the-counter derivatives exchange between the two companies. Source: www.zerohedge.com, www.cointelegraph.com
How it started… how it is going…
Source: X NotJeromePowell
