Coinbase in Trouble Again, Moody's Warns US and the Last Godfather Dies

Author

Anna Eisenberg
September 25, 2023

Anna's Daybreak News

Good morning news aficionados! Peel back the layers of headlines, stories, and revelations with our newsletter, your backstage pass to the world of current events. 📰🌟

The Private Equity Domino Effect – How Zombies are Unleashed in a Wave of Slow Carnage
  • An historic shakeup is threatening to bankrupt many small, struggling, or fading money managers unable to raise new funds.

  • Fenway Partners, a powerful private equity firm, has seen its star fade since its heyday of buying companies around the world.

  • As pension clients have left, the company has been reduced to managing its main asset, a 20 year old investment with a maker of football helmets, beset by lawsuits over athletes' concussions.

  • The Private Equity industry is a zombie graveyard, where the undead managers are stuck in a twilight state, unable to move on from their investments.
    • Source: Read More

Do you think the US will be able to avoid a recession?

Login or Subscribe to participate in polls.

Coinbase in Trouble Again for Involvement in Celsius Network's Bankruptcy Plan
  • The U.S. Securities and Exchange Commission has expressed its concerns about Coinbase's involvement in Celsius Network's bankruptcy plan.

  • Coinbase and Celsius are each facing separate lawsuits from the SEC.

  • Coinbase proposed involvement in Celsius Network's plan to emerge from bankruptcy includes distribution agreements.

  • The SEC is not cashing out when it comes to Coinbase's involvement, questioning the appropriateness of the agreements.
    • Source: Read More
The Last Godfather Is No More: Italy's Matteo Messina Denaro Dies Of Cancer Following Arrest
  • Italian Mafia's 'Last Godfather' Matteo Messina Denaro has died of cancer at the age of 61, Monday.

  • The notorious Cosa Nostra leader had been on the run for three decades and was hospitalized for colon cancer.

  • Denaro was arrested in Palermo while receiving treatment for his condition in January.

  • Authorities are expecting that Denaro's body will be returned to Sicily, but his funeral will strictly remain private.

  • Finally, in the words of the victim's brother, “Forgiveness is impossible.”
    • Source: Read More
Moody's Dings U.S. Debt Rating – Ahead of Government Shutdown
Moody’s has issued a stern warning that a potential government shutdown could critically hurt the U.S.’s credit rating, after Fitch has already downgraded America’s Triple-A score. Here’s what you need to know:
  • Government services could face disruption if Congress fails to pass spending bills by October 1.

  • Political polarization in Washington is weakening fiscal policymaking.

  • The longer the shutdown lasts, the more severe its economic impact.

  • The U.S. government is currently like a student who can’t manage their finances – no matter how much money they make, they always seem to be short for rent.
    • Source : Read More

Baked with love,

Anna Eisenberg ❤️

What did you think of today's edition?

Login or Subscribe to participate in polls.