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News From the Control Tower - 4/21/2022 Thumbnail

News From the Control Tower - 4/21/2022

News from the Control Tower: Our weekly curated list of news stories affecting you and your finances.

This week’s reads include:

1.       Ukraine war: Putin has redrawn the world - but not the way he wanted

 But above all, this is a war that pits the world's democracies against the world's authoritarian regimes.

 2.       Rivian CEO Warns of Looming Electric-Vehicle Battery Shortage

Much of the battery supply chain isn’t built, challenging an industry aiming to sell tens of millions of EVs in coming years, RJ Scaringe says

Logistics “We are not going to have a single supplier,” he said. “We are going to have multiple suppliers.”

3.       A Return to Robo-Signing: JPMorgan Chase Has Unleashed a Lawsuit Blitz on Credit Card Customers

After a nearly decade-long pause, Chase has resumed suing indebted customers. The bank is back to its old ways, say consumer lawyers.

4.       Jack Dorsey Tweet NFT Once Sold for $2.9 Million, Now Might Fetch Under $14,000

Modest bids for tweet, converted to a nonfungible token last year, show a maturing NFT market

5.       Mohamed El-Erian on CNBC’s Squawk Box

“We are adjusting to a paradigm in which liquidity is no longer abundant, and no longer predictable."


Who’s in Your Wallet?

A visual essay about the famous figures who represent today’s currencies around the world. Odds are the person on that banknote is a writer, not a politician.