JPMorgan Chase tapped PayPal Ventures for its new head of fintech partnerships, hiring Peggy Mangot, who will lead a team focused on commercial banking’s fintech partnerships at the New York bank. At PayPal (Nasdaq: PYPL), Mangot was an operating partner helping to make investments globally in fintech, commerce, infrastructure and crypto. Read More...
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Why Lithium Americas Stock Crashed Today
Despite being not yet operational, and having no revenue to its name (much less profits), Lithium Americas stock has had a terrific run as investors bid up lithium assets in anticipation of booming demand for the metal, which is used to make the batteries that power electric vehicles. With lithium currently priced at $60,000 a ton, Goldman sees that slipping 10% to $54,000 later this year — a pothole that precedes a bigger fall off a cliff. By next year, the banker believes, lithium prices will average just $16,000, a staggering 73% decline from present-day prices.
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