Companies are going bankrupt at the fastest pace since 2020: A ‘historic surge’
First on “Making Money,” FHN Financial chief economist Chris Low and Constance Hunter, senior advisor at MacroPolicy Perspectives, debate whether inflation or the economy will slow first. The US is experiencing a “historic surge” in corporate bankruptcies as debt-laden companies struggle to adapt to a new era of high interest rates. New figures announced S&P […]
‘Historic Settlement’: Bankrupt Crypto Lender Genesis To Repay $2 Billion To Alleged Defrauded US Investors
Bankrupt lender Genesis has agreed to repay $2 billion to investors it allegedly defrauded across the United States, New York prosecutors announced Monday. New York Attorney General Letitia James said the agreement will create a victims’ fund that will benefit hundreds of thousands of investors and creditors, including at least 29,000 New Yorkers. The settlement, […]
Another One Goes Bankrupt, Others on the Verge
EV maker Proterra, which makes mostly a few electric buses a year – when giant competitors make many thousands – filed for Chapter 11 bankruptcy today [8/9/23], 25 months after having gone public via a merger with a SPAC. It once had a market cap of nearly $4 billion. It was by no means a […]
Hims & Hers boss Andrew Dudum is a morally bankrupt Dud by name — and by nature
I’m kicking myself. Last Thursday, you could have made a fortune by shorting shares in the hot sexual health care company Hims & Hers. All I had to do was call my broker at 7:22am, one minute after the company’s CEO committed social media commercial suicide. This is Wall Street’s only certainty, short of Bud […]
Arizona rancher’s defense expert rips $1M ‘political prosecution’ by ‘ethically bankrupt’ officials
On Monday afternoon, before prosecutors decided whether to retry Arizona rancher George Alan Kelly, a criminologist advising the defense told Fox News Digital that the state He said he has already spent more than $1 million on “prosecutions.” It is collected from taxpayers’ taxes in the state’s poorest counties along the U.S.-Mexico border. Dr. Ron […]
O’Leary: New Biden big-rig emission rules could bankrupt a huge piece of the economy
‘Shark Tank’ investor Kevin O’Leary tells ‘The Story’ President Biden’s new emission standards for trucks could cause economic … source
Abbott responds to Mayor Adams’ invitation to migrant shelter, claims he’s ‘morally bankrupt’: ‘Gimmicks’
Texas Governor Greg Abbott says Republicans are “morally bankrupt” and using illegal immigrants as “political pawns” to bus migrants from border states to the Big Apple. in response to New York City Mayor Eric Adams’ earlier comments. “He needs to do his job as mayor and protect local people, not make fun of what’s going […]
They’re trying to put Trump behind bars and or bankrupt him before the election
Fox News host Laura Ingraham reacted to the New York Court of Appeals’ reduction of former President Trump’s “obscene” New York civil fraud bond on Monday’s “The Ingraham Angle.” Laura Ingraham: As much as they wish, law enforcement officials in New York, Georgia, and Washington, D.C., are finding it increasingly difficult to accomplish their mission […]
Bankrupt crypto lender Genesis seeks approval to sell $1.6B of trust assets – Cointelegraph
Bankrupt crypto financial company Genesis has filed a lawsuit in U.S. Bankruptcy Court for the Southern District of New York with the Grayscale Bitcoin Trust (GBTC), the Grayscale Ethereum Trust (ETHE), and the Grayscale Ethereum Classic Trust. (ETCG) for permission to liquidate its assets. A total of approximately 1.6 billion dollars. In a recent courtroom […]
Bankrupt West Virginia university closes, construction firm owner buys campus
A federal bankruptcy judge on Wednesday approved the sale of a defunct private university campus to the owner of a West Virginia construction company for $5 million. Craig G. Phillips, owner of CGP Construction in Elkins, won the land, buildings and other assets of the former Alderson-Broaddus College in Phillips after placing bids on last […]