PFR

Startup CEO Charlie Javice Found Guilty in High-Stakes Fraud Case Against JPMorgan

19 days ago

In a significant development within the financial and tech industries, Charlie Javice, the former CEO of the startup Frank, was convicted on charges of defrauding JPMorgan Chase as part of a multi-million dollar acquisition deal. The ruling, which came down from a federal jury in Manhattan, highlights the growing scrutiny on startups and their operational practices, particularly regarding financial disclosures and customer data.

Apollo's Rowan to Take the Stand as Key Defense Witness in Javice Fraud Trial

27 days ago

In a development that has captured the attention of the financial and legal communities, it has been announced that Apollo Global Management’s co-founder, Marc Rowan, will serve as the first defense witness in the high-profile fraud trial involving former Frank CEO Charlie Javice. The trial, which is being closely monitored by industry experts, arises from allegations that Javice misled investors about the actual user numbers of her student loan startup, Frank, leading to a considerable financial fallout following its acquisition by JPMorgan in 2021.

Trump Puts a Halt on Renewable Energy Projects on Federal Lands and Waters

3 months ago

In a surprising move that has sparked considerable controversy, former President Donald Trump announced a temporary freeze on new renewable energy initiatives on federal lands and waters. This decision, which has taken many in the environmental sphere by surprise, shifts focus away from the expanding clean energy sector and raises questions about the future of America’s energy strategy.

Record Power Demand Hits Largest U.S. Grid Amid Severe Cold Snap

3 months ago

In an unprecedented turn of events, the largest electricity grid in the United States, known as the Electric Reliability Council of Texas (ERCOT), has experienced a historic spike in power demand due to a brutal deep freeze sweeping across much of the region. This extreme winter weather not only impacted daily life but also led to record electricity usage, as residents turned to heating systems to combat the frigid temperatures.

Severe Cold Snap and Snowstorm Batter the Southern United States

3 months ago

The southern United States is currently grappling with an intense and unrelenting cold front that has brought frigid temperatures and significant snowfall across various states. This extreme weather event has resulted in widespread disruptions, with numerous regions facing hazardous driving conditions, school closures, and power outages.

Unprecedented Deep Freeze Set to Hit the Eastern U.S., Temperatures Plunge 20°F Below Normal

3 months ago

As we move into the new year, a significant drop in temperatures is poised to grip the eastern United States, with forecasts predicting a chilling plunge of up to 20 degrees Fahrenheit below the seasonal average. This intense cold snap is the result of a combination of atmospheric conditions, including a powerful polar vortex and a strong ridge of high pressure. Meteorologists are alerting residents to prepare for dangerously cold conditions that could affect daily life and safety.

Poland's State Fund Aims to Spark Local Interest in Green Bonds

4 months ago

In a bold initiative to ramp up local demand for environmentally friendly financing, Poland’s state-owned investment fund is set to implement strategies designed to significantly enhance the market for green bonds within the nation. This move is timely, reflecting a growing global trend towards sustainable investment and the need for dedicated funding to address climate change.