American Dream Megamall Sees Losses Quadruple To $245 Million

Sunday, 24 September 2023, 02:00:00
American Dream Megamall Sees Losses Quadruple To $245 Million Well if you consider the “American dream” nowadays to be spending money you don”t have while racking up debt, the American Dream megamall outside of New York City (in NJ) might be aptly named after all. The massive shopping destination inside of the Meadowlands saw its losses quadruple last year, according to the New York Post, sending the facility a stunning $245 million into the red. The facility is having trouble attracting tenants and is watching customer foot traffic slow, according to the report . Its expenses and debt, as we have documented here on Zero Hedge over the last 2 years, have been burdensome. The megamall had probably the worst “grand opening” timeline in history, welcoming customers for the first time just five months before the Covid pandemic locked down consumers and ensured the failure of many businesses who couldn”t adapt. Beyond pandemic-induced closures and building setbacks, the shopping complex has been hit by a series of unexpected incidents, like the collapse of a decorative helicopter model into a pool full of kids last February.
— Zero Hedge

JPMorgan’s energy guru warns oil prices are headed to $100 per barrel. ‘Put your seatbelts on, it’s going to be a very volatile supercycle’

Friday, 22 September 2023, 22:39:53
… from OPEC and other top oil producers, will lead to higher crude prices … lead oil prices to fall as investors anticipate fading consumer demand, crude oil prices have … and continued supply cuts from OPEC will ultimately keep prices elevated …
— EIN News Oil and Gas

”There”s No Chance China Or Anyone Else Can Keep Up With Us,” Jamie Dimon Tells Detroit Crowd

Friday, 22 September 2023, 21:41:03
JPMorgan Chase & Co (NYSE: JPM ) CEO Jamie Dimon visited Detroit on Wednesday to mark the 10 years since JP Morgan’s $200-million investment in the city . Dimon spoke at the Detroit Economic Club about the company’s efforts in the city, general economic trends and geopolitical risks, including the ongoing war in Ukraine. He also pointed out that plenty of risks could get in the way of a bull market in the next few years. Dimon On China: Dimon addressed being cautious about the outlook of China following his visit to the country in May. See Also: Dimon Pours Cold Water On US Economic Optimism, Flags Global Tensions, Financial Shifts He also talked about the necessity of spending on the U.S. military, to … Full story available on Benzinga.com
— Benzinga

Ethereum’s Merge & Shanghai Upgrade: A Mixed Bag in JP Morgan’s Lens

Friday, 22 September 2023, 20:45:00
Ethereum’s ambitious endeavors, the Merge and the Shanghai upgrade, designed to revolutionize ETH Tokenomics, have fallen short of their lofty expectations. In September 2022, Ethereum, the world’s second-largest blockchain, underwent a momentous transformation, transitioning from proof-of-work [PoW] to proof-of-stake [PoS]. This epoch-making move significantly slashed the network’s energy consumption by an astonishing 99%. The subsequent […]
— TWJ Crypto News

Govt bonds’ JP Morgan index inclusion to boost rupee, help finance CAD: CEA

Friday, 22 September 2023, 18:44:11
The inclusion of Indian government bonds in JP Morgan’s emerging market debt index is expected to broaden India’s investor base, potentially appreciate the rupee, and make it easier for Indian … Read Full Story at source (may require registration) The post Govt bonds’ JP Morgan index inclusion to boost rupee, help finance CAD: CEA appeared first on ForexTV .
— ForexTV