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We didn't reduce financial risk, we just transformed it

We didn’t reduce financial risk, we just transformed it

When Citigroup Chief Executive Jane Fraser was asked earlier this week which risks she was most concerned about, market liquidity topped the list. The Bank for International Settlements is concerned about the “fragile” market for mortgage-backed securities. And volatility soared in US Treasury markets this fall due to low liquidity. As the world is on …

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Tesla didn't say a word about Tesla Semi having autopilot/self-driving

Tesla didn’t say a word about Tesla Semi having autopilot/self-driving

During the unveiling of the production version of the Tesla Semi, the automaker announced a lot about the electric truck, but it didn’t say a word about it being equipped with Autopilot/Full Self-Technology. Driving. This is despite being equipped with the necessary hardware. When Tesla first announced the Tesla Semi in 2017, the automaker was …

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FTX founder Sam Bankman-Fried says he ‘screwed up’ but didn’t commit fraud

“Look, I messed up,” disgraced crypto billionaire Sam Bankman-Fried said Wednesday at a conference in New York, but he claimed he “never tried to commit fraud” and that he had been “shocked” by the collapse of his businesses. Bankman-Fried, glassy-eyed and visibly shaking at times, appeared via video conference from some nondescript room in the …

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