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NFTs Belonging to Bankrupt Crypto Firm Fetch Nearly $2.5 Million at Auction

Auction house Sotheby's announced that seven non-fungible tokens (NFTs) from bankrupt cryptocurrency hedge fund Three Arrows Capital sold for about $2.5 million, Reuters reported. Of the tokens,

U.S. Consumers Take Frugal Turn as Inflation Persists

It’s something economists have expected for months: Consumers are becoming skittish as rising prices and high interest rates put pressure on their wallets, The Washington Post reported. New government

How Screwed Is WeWork? Fitch Ratings Thinks Default Is a Real Possibility

WeWork's latest CEO, Sandeep Mathrani, resigned last week, its shares plunged anew, and the company is now worth about $200 million, Business Insider reported. The stock, at 24 cents, is trading like

Sandy Hook Families Seek to Reverse Payments Alex Jones Made to His Wife

The families of Sandy Hook shooting victims said they had a strong case to reverse payments received by Alex Jones's wife and others in his family to help satisfy $1.5 billion in judgments they won

Analysis: Bankruptcies Are Skyrocketing — and That’s Only Half the Story

There isn’t an official recession, yet. But regardless, a large — and growing — number of U.S. companies are declaring bankruptcy, based on numbers from various sources, according to an analysis in

Student Debt: 615,000 Borrowers Have Received Public Service Loan Forgiveness

The Biden administration has approved the discharge of student loan debt for more than 615,000 borrowers since October 2021 under temporary changes to the public service loan forgiveness (PSLF)

Fight Continues for Affordable Insulin

On May 10, a dozen or so diabetics gathered in the shade on the steps of the U.S. Senate Hart Building to hear testimony about the price of prescription drugs, with a focus on insulin, at a meeting of

U.S. Regional Bank Stocks Fall After Yellen Says More Bank Mergers Are Necessary

Shares of U.S. regional lenders fell after CNN reported that U.S. Treasury Secretary Janet Yellen told bank chief executives that more mergers may be necessary following a series of bank failures

Buffalo Billion’s Athenex Files for Bankruptcy

Once billed as a “game-changer” for Western New York by former governor Andrew Cuomo, Athenex has filed for bankruptcy and signaled to state labor authorities that 123 employees will be laid off in

Bruce Matson Earns Early Release from Prison

Former Richmond, Va., attorney and bankruptcy trustee Bruce Matson will see an early end to his stint in federal prison, Richmond BizSense reported. Sentenced in late 2021 to 44 months related to his