Newsroom Headlines

The sales tax in Milwaukee will go up 2 cents per dollar next year after the Common Council voted yesterday to raise the rate as part of a bipartisan plan to avoid bankruptcy, the Associated Press

A U.S. judge said yesterday that he would consider dismissing the bankruptcy of a New York Roman Catholic diocese if the church cannot build more support among sexual abuse victims who have sued the

BlockFi Inc.’s past business with FTX appeared legitimate and gave management no reason to worry about lending to Sam Bankman-Fried’s crypto platform before it melted down amid allegations of fraud

The Florida state financial watchdog brought charges against Bittrex Inc. before the exchange filed for bankruptcy protection in May, a new filing has revealed, CoinGeek.com reported. The Florida

Major League Baseball says teams have collected 94% of the money they have been owed by Diamond Sports, the Associated Press reported. The company controls 19 networks under the Bally Sports banner

Stacks, a three-decade old Burlingame, Calif., breakfast spot with three other locations around the Bay Area, recently filed for chapter 11 bankruptcy. But owner and co-founder Geoffrey Swenson said

Gary Gensler’s Securities and Exchange Commission is filling the crypto regulatory void, and the industry and its backers on Capitol Hill have so far been unable to check him, Bloomberg News reported

Bank of America will reimburse customers more than $100 million and pay $150 million in fines for “double-dipping” on overdraft fees, withholding reward bonuses on credit cards and opening accounts

U.S. small business confidence climbed to a seven-month high in June as pessimism about the economic outlook diminished sharply and sales expectations improved, but a still-tight labor market

All six bankruptcy courts to confront the question have held that debts of corporate debtors in Subchapter V of chapter 11 cannot be nondischargeable under Section 523(a) in nonconsensual plans