Day: September 21, 2020

Nikola Sinks 23% As Founder Milton Steps Down Amid Short-Seller Fraud Debacle

Shares in Nikola are diving 23% in the pre-market session after its founder Trevor Milton stepped down as executive chairman of the board amid allegations that the electric truckmaker is an “intricate fraud built on dozens of lies” and misled investors about its business prospects.

Nikola (NKLA) said that Milton approached the Board of Directors and proposed to voluntarily leave as executive chairman. The Board accepted his proposal, and Stephen Girsky, former General Motors Vice Chairman and a member of Nikola’s Board, has been appointed Chairman of the Board, with immediate effect.

“Nikola is truly in my blood and always will be, and the focus should be on the company and its world-changing mission, not me” said Milton. “We’ve built a deep bench of talent over the years, and I am confident that Nikola’s Chief Executive Officer, Mark Russell, and the rest of the leadership team will advance

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Sen. Matt Lesser Releases Statement On Health Insurance Rates

Sept. 12, 2020

Insurance & Real Estate Committee chair Senator Matt Lesser (D-Middletown) is releasing a statement following an announcement made from Insurance Commissioner Andrew N. Mais from the Connecticut State Insurance Department. A decision was made on health insurance rate filings for the 2021 coverage year. As a result of these decisions, approximately 214,600 Connecticut consumers are projected to save $96 million.

“I’m grateful that Commissioner Mais and the Insurance Department rejected the industry’s push for higher rates on individual plans,” said Senator Lesser. “While it’s positive that rates on individual plans aren’t increasing, Connecticut can and should take immediate action to lower health care premiums by following the lead of states like New Jersey and Massachusetts that have strengthened the Affordable Care Act even as they lay the groundwork for more aggressive reforms. Immediate reforms could include expanding Medicaid and providing state level premium support for plans on

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Klopp: Liverpool won’t throw money away in transfer window

Jurgen Klopp vowed Liverpool will not “throw money away” as he hit back at the Premier League champions’ transfer critics.

Liverpool finished 18 points clear at the top of the table last season but have been accused by some observers of sitting back after making just one signing so far this window.

Kostas Tsimikas was brought in from Olympiakos for £11.75 million ($15m) in August to provide competition for regular left-back Andy Robertson.

Bayern Munich midfielder Thiago Alcantara continues to be linked with a move to Anfield, but the Reds are reportedly unwilling to match his €30 million (£28m/$36m) valuation.

However, Klopp insisted he fully understands the lack of incomings ahead of the new campaign.

“Since I’ve been here, there has not been one transfer window where I’ve thought, ‘If we don’t get this player, we cannot start the season’. Not once,” Klopp told Sky Sports .

“We are in

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10 Questions to Ask Before Applying for a Personal Loan

Personal loans can provide an affordable alternative to credit cards and help you finance life’s big purchases while saving on interest. 

Increasingly, personal loans are growing in popularity, with roughly 20.2 million borrowers in the U.S. according to the online lending marketplace Lending Tree.

It’s critical that you have a clear repayment plan, whether you’re looking to take out a personal loan to consolidate debt, finance a home improvement, fund your next big trip or pay for a cross-country move.

Below, CNBC Select offers 10 questions you should ask yourself to make sure you’re well prepared for a new personal loan.

1. How much do I need?

The first step in choosing a personal loan is knowing how much you need. The smallest personal loan sizes begin at around $500, but most lenders offer a minimum of $1,000 to $2,000. If you need less than $500, it might be easier

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