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MLB and Formula 1 Face Fraud Suits for Promoting FTX

FTX investors suing the cryptocurrency exchange’s celebrity promoters for allegedly helping to facilitate an $11 billion fraud have some new targets, including Major League Baseball, Formula One

Cyber Monday Rings in $12.4 Billion in Sales as Consumers Hunt for Bargains

Consumers on Cyber Monday spent $12.4 billion online, up 9.6% compared to last year, per Adobe Analytics' data on e-commerce, YahooFinance.com reported. As people looked to cash in last-minute deals

Judge: Former Edenville Dam Owner Liable for $119 Million in Damages

A federal judge has found Edenville Dam’s former owner liable for almost $120 million in damages to Michigan’s natural resources, MLive.com reported. U.S. District Court Judge Paul Maloney on Monday

Bank of America Pays $12 Million Fine for Misreporting Mortgage Data

Bank of America agreed to pay a $12 million fine to settle U.S. regulatory charges that it routinely submitted inaccurate information about mortgage applicants to the federal government, violating a

FDIC Watchdog Planning 'Special Inquiry' on Agency Leadership, Sexual Harassment

A watchdog overseeing the U.S. Federal Deposit Insurance Corp. will conduct a "special inquiry" into how the bank regulator's leadership has handled complaints about sexual harassment and other

Analysis: Surprise Medical Billing Law Putting Pressure on Healthcare Providers

A law designed to protect patients from surprise medical bills is contributing to the financial distress of some medical-service providers, which say lengthy billing disputes and payment delays with

Former Binance CEO Changpeng Zhao Must Stay in U.S. for Time Being, Judge Says

Former Binance chief Changpeng Zhao must stay in the United States for the time being, a federal judge said on Monday, after the founder of the world's largest cryptocurrency exchange pleaded guilty

Higher Mortgage Rates Weigh on U.S. New Home Sales in October

Sales of new U.S. single-family homes fell more than expected in October as higher mortgage rates squeezed out buyers even as builders cut prices, but the setback is likely temporary amid a persistent

Wall Street Regulator Adopts Dodd Frank Rule Against Trader Conflicts

The U.S. Securities and Exchange Commission on Monday adopted a financial crisis-inspired rule barring traders in asset-backed securities from betting against the same assets they sell to investors

Contract Between Puerto Rico's Government and Coal-Fired Plant Operator Leaves Residents in the Dark

A proposed amended contract between Puerto Rico’s government and the operator of a coal-fired power plant accused of contaminating low-income communities on the island drew scrutiny Monday during a