Wealthy Partnerships Can Backfire

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Banks initially engaged in a deal with a high-profile figure for the potential prestige of associating with him, despite recognizing the venture was overvalued. Though generating substantial interest payments, the associated risks and declining company valuation have led to significant financial regret. The strain of this deal has impacted bank executives' compensation and morale, resulting in mass resignations among management after substantial bonus reductions, reflecting the far-reaching negative consequences of such financial decisions.

Episode 393: Neal and Toby discuss the Bureau of Labor Statistics’ anticipated revision which removed 800,000 jobs from last year’s jobs report. The largest in the last 15 years. Then, the FTC’s plan to ban noncompete agreements in the US has run into a roadblock as a federal judge says, not so fast. Next, Ford once pledged to make big investments in all-electric vehicles but has since reversed course as it scraps its latest EV model plans. Plus, Neal shares his favorite numbers from big banks’ bad deal with Elon Musk, the rise of ‘boommates’, and the super long wait time for US visas. Meanwhile, Starbucks is using its secret weapon that might be able to save slumping sales: the Pumpkin Spice Latte, betch.

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00:00 - Misleading movie reviews

03:00 - Jobs Report Revision

07:50 - Blocked FTC Noncompete Ban

12:10 - Ford EV Spending

17:30 - 'X' Financing Troubles

19:45 - World Cup Visas

21:50 - Boomer Roommates

24:00 - PSL Coming Back