Jim Cramer raises concerns about tech’s ‘Lazy Susan’ deals

Jim Cramer raises concerns about tech’s ‘Lazy Susan’ deals

CNBC’s Jim Cramer on Wednesday expressed trepidation about circular transactions between tech companies as Wall Street weighs the value of artificial intelligence heavy hitter OpenAI. “These days, we’re constantly hearing about what I’d call these ‘Lazy Susan’ deals, except they’re being celebrated as good news for both parties,” he said. To Cramer, a “Lazy Susan”…

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A possible risk to markets from a shutdown getting chatter on trading floors

A possible risk to markets from a shutdown getting chatter on trading floors

Markets have largely shrugged off previous government shutdowns, but this time could prove different if it shows U.S. government ineptitude has fallen to a new low. That could cause rating agencies to reexamine the high, but fragile condition of U.S. credit worthiness. On Monday the Labor Department said it’s preparing a contingency plan for what…

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