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Behind the Lordstown Debacle, the Hand of a Wall Street Dealmaker

Goldman, which was working with Mr. Hamamoto and arranged $500 million in additional financing for the acquisition, ran only a standard background check on Mr. Burns — a public-records search […]




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No End to Whiplash in Meme Stocks, Crypto and More

Drew Austin, an entrepreneur and investor, invested heavily in cryptocurrencies and NFTs, including digital horses, digital sports cards and some digital art. He took a “substantial liquidity hit” when cryptocurrency […]




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Lordstown Motors Shares Plunge as Investors See Problems

Soon after, G.M. found a buyer who promised to return auto jobs to the region: Steve Burns, the chief executive of a small electric-van business, Workhorse Group. That company had […]




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Gary Gensler, Wall Street’s New Watchdog, Has a Full Plate

Mr. Gelzinis said Mr. Gensler would probably draw on his familiarity with the subject matter — he taught classes on blockchain technology at the Massachusetts Institute of Technology — to […]




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How Can the City of London Survive Brexit?

LONDON — Coming out of Brexit this year, Britain’s government needed a new blueprint for the future of the nation’s financial services as cities like Amsterdam and Paris vied to […]