Newsroom Headlines

U.S. existing home sales dropped to the lowest level in more than 13 years in October as the highest mortgage rates in two decades and a dearth of houses drove buyers from the market, Reuters reported

Puerto Rico’s bankruptcy created some debt securities that don’t pay interest, but still managed to deliver an almost $400 million windfall to investors this month, Bloomberg News reported. Called

The U.S. Justice Department is seeking more than $4 billion from Binance Holdings Ltd. as part of a proposed resolution of a years-long investigation into the world’s largest cryptocurrency exchange

Telemedicine company UpHealth Holdings agreed to sell subsidiary Cloudbreak Health LLC for $180 million in cash, the South Florida Business Journal reported. The sale to private equity firm GTCR comes

A new distressed-debt manager lost control of its flagship fund after top investors ousted it for business tactics they considered too aggressive, including conduct during a chapter 11 bankruptcy that

The Consumer Financial Protection Bureau (CFPB) and 11 states announced today that Prehired will provide more than $30 million in relief to student borrowers for making false promises of job placement

The lending arm of Toyota Motor Corp. will pay $60 million to settle allegations by a U.S. regulator that it misled customers into buying extra products that boosted their payments and then gave them

Demand for new credit in the U.S. over the last year has declined and will likely stay soft in the future, according to a survey released yesterday by the New York Federal Reserve, Reuters reported

Kraken, one of the world's largest cryptocurrency exchanges, was sued on Monday by the U.S. Securities and Exchange Commission, which accused it of illegally operating as a securities exchange without

Darius Miles, who was the highest-ever National Basketball Association draft pick to come straight out of high school when he joined the Los Angeles Clippers in 2000, avoided a prison sentence for