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Bankman-Fried Charges Should Not Be Tossed, Prosecutors Say

Prosecutors urged a Manhattan federal court judge on Monday to deny a request by FTX founder Sam Bankman-Fried to dismiss criminal charges accusing him of stealing billions of dollars from customers

Texas-Based Trucking Company Files for Chapter 11 Protection

Peace Equipment LLC, a company headquartered in Edcouch, Texas, filed for chapter 11 protection last week, citing rising operating costs and “reduced income in the trucking industry,” Freight Waves

Former Huntsman Division Venator Plans Quick Exit Out of Bankruptcy

Venator Materials PLC, the former pigments and additives division of The Woodlands, Texas-based Huntsman Corp., has filed for bankruptcy protection in Houston along with 23 affiliates, the Houston

Consumer Spending Rose More Than Expected in April

Americans’ income and spending both rose in April, a sign of economic resilience amid rising prices and warnings of a possible recession, the New York Times reported. Consumer spending increased 0.8

​​Americans Owe $1 Trillion in Credit Card Debt

America’s credit card balance has passed $1 trillion, or it’s about to, depending on whom you ask, The Hill reported. The nation’s credit card debt stands at $986 billion, according to the Federal

Yak Timber Files for Bankruptcy After its Parent Village Corporation Is Sued for $13M

A timber company owned by Yakutat’s village corporation has filed for bankruptcy this month after a bank sued the corporation over $13 million in outstanding debts, AlaskaPublic.org reported. It’s the

Company Insiders Made Billions Before SPAC Bust

The SPAC boom cost investors billions. Insiders in the companies that went public were on the other side of the trade. Executives and early investors in companies that went public via SPACs sold

Grace Youth and Family Foundation Files for Chapter 11

A Butler, Pa.-based nonprofit that began in 1990 as a community outreach program is reorganizing, the Pittsburgh Business Times reported. Grace Youth and Family Foundation (GYFF) has filed for chapter

Rialto Bioenergy Enters Chapter 11

Anaergia Inc. has announced that one of its subsidiaries, Rialto Bioenergy Facility LLC (RBF), has initiated voluntary chapter 11 bankruptcy proceedings in the U.S. Bankruptcy Court for the Southern

Biden and McCarthy’s Debt-Ceiling Deal Faces Crucial First Test in House

Lawmakers returning to Washington, D.C., today will face intense pressure from leaders on Capitol Hill and the White House to support the debt-ceiling bill and overcome opposition on both the left and