News about Thomas Hayes
By S&P, Hawaiian Electric stock has been downgraded to JUNK status after lawsuits alleged that it caused the death of the Maui wildfires by failing to shut off electricity to downed lines
www.dailymail.co.uk,
August 15, 2023
S&P has given Hawaiian Electric's stock a junk rating after lawsuits alleged that the corporation is responsible for the deadly wildfires on Maui.
Since only six electric trucks were available, Lordstown Motors filed for bankruptcy
www.dailymail.co.uk,
June 27, 2023
After struggling to resolve a dispute over a promised investment from Taiwan's Foxconn, electric truck manufacturer Lordstown Motors has filed for bankruptcy and put itself up for auction. On Tuesday, an Ohio-based Lordstown applied for Chapter 11 bankruptcy insurance, almost two months after Nasdaq warned it that it was in danger of failing. In midday trading on the Nasdaq, Lordstown's shares fell 35% to $1.80.
As crisis worries dominated markets, shares in US banks plummet
www.dailymail.co.uk,
May 2, 2023
The renewed instability in the Federal Reserve, led by Jerome Powell (pictured), heightened the threat to raise interest rates again even as the loan crisis continues to exacerbates. The biggest declines for regional banks, including PacWest Bancorp and Metropolitan Bank, were down 28 percent and 20 percent.
Meta will introduce a Twitter version that would rival Elon's Twitter, but will limit users to character-limited posts
www.dailymail.co.uk,
March 10, 2023
Meta announced on Friday that it will be working on a Twitter copycat. The app's name is uncertain, but it will be based on a similar system that powers Mastodon. Meta's app will be Instagram-branded, allowing users to sign with the same credentials.