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UK public sector borrowing sees second highest August on record FTSE rises
UK public sector borrowing sees second highest August on record FTSE rises

European stocks recovered some of yesterday's losses on Tuesday morning in London, as new data from the Office for National Statistics showed the UK's public sector borrowing had seen its second highest August on record.

pNetwork hacked - Over 12M USD worth of Bitcoin stolen!
pNetwork hacked - Over 12M USD worth of Bitcoin stolen!

Cross-chain DeFi platform pNetwork has been hacked on Binance Smart Chain to the tune of approximately $12.7 million worth of Bitcoin.

China's Evergrande is probably 'too big to fail': Market strategist
China's Evergrande is probably 'too big to fail': Market strategist

The thought of a Lehman Brothers-esque collapse in China sent U.S. investors running for the exits Monday.

Why Brent Johnson Santiago Capital CEO believe that Banks will Crash the Market
Why Brent Johnson Santiago Capital CEO believe that Banks will Crash the Market

Synopsis: Brent Johnson, CEO of Santiago Capital, is joined by Steven Van Metre of Steven Van Metre Financial to discuss the most pressing issues on the macro landscape. After exploring whether quantitative easing (QE) and low rates are inflationary or deflationary, Johnson and Van Metre take a deep dive into the plumbing of the Treasury market and specifically the operations of the Fed’s FOMC. Van Metre explains why he believes the Fed’s policies have actually caused banks to tighten their lending standards rather than loosen them as the Fed intended. The pair then take a look at swap lines and the Eurodollar funding market as well as the effect a credit contraction would have on the U.S. dollar. Lastly, Van Metre talks about his Real Vision journey and how the knowledge he’s gained has helped him as a financial advisor

Two killed in driverless Tesla Crash in Texas

A Tesla Inc. electric car that “no one” appeared to be driving crashed late Saturday in Texas, erupting into flames and killing the two passengers, according to local authorities.


One victim was found in the front passenger seat of a 2019 Model S and the other was in the rear, Harris County Precinct 4 Constable Mark Herman said in a telephone interview. The car ran into a tree north of Houston after traveling at high speed and failing to navigate a turn.

The position of the victims, statements and other physical evidence suggest that “no one was driving the vehicle at the time of impact,” Herman said. “It’s still under investigation.”

Herman said his office is coordinating with federal authorities, without specifying which ones, and didn’t know whether the Autopilot feature was engaged. It took more than 30,000 gallons (113,562 liters) of water to extinguish the fire, which burned for four hours, he added.

Tesla didn’t immediately respond to a request for comment Sunday. The company’s shares fell as much as 2% in U.S. pre-market trading on Monday.

Federal officials have criticized Tesla for fire risks related to the battery packs in its cars and for not doing enough to keep drivers from using its driver-assist function inappropriately. In a hearing last year, the National Transportation Safety Board’s chairman said that “it’s time to stop enabling drivers in any partially automated vehicle to pretend that they have driverless cars.”

NTSB, which has investigated numerous previous Tesla crashes, isn’t planning on opening a new probe into the latest incident, spokesman Chris O’Neil said.

Tesla Chief Executive Officer Elon Musk has defended the safety record of his company’s vehicles. This week, he shared a report on Twitter, saying that a Tesla with Autopilot engaged is now approaching a “10 times lower” chance of an accident than an average vehicle.


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