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U.S. Job Openings Remain Elevated in September

U.S. job openings increased in September, pointing to persistent labor market tightness that is underpinning the economy and likely to see interest rates staying high for some time, Reuters reported

WeWork Plans to File for Bankruptcy as Early as Next Week

WeWork is planning to file for bankruptcy as early as next week in what would mark a stunning reversal for the flexible-office-space venture that was once valued at $47 billion, WSJ Pro Bankruptcy

Bittrex's U.S. Wind-Down Approved in Bankruptcy Court

Crypto exchange Bittrex received bankruptcy court approval on Monday to shut down its U.S. operations after a months-long effort to return crypto deposits to customers, Reuters reported. U.S

Sam Bankman-Fried Denies Knowing FTX Money Was Missing, as He Concludes Testimony

Over and over on Tuesday, Sam Bankman-Fried, the founder of the failed FTX cryptocurrency exchange, denied knowing that billions of dollars in customer money had been misappropriated until shortly

Child Abuse Claims Have Santa Barbara Franciscans Contemplating Bankruptcy

In anticipation of the significant legal damage that could be inflicted by at least 93 pending child abuse lawsuits filed in the past three years, the California Franciscan Friars — an order to which

Yellow’s Rivals Are Getting a Boost From the Trucker’s Demise

The collapse of one of the largest U.S. trucking companies is propping up competitors in a lean freight market, the Wall Street Journal reported. XPO, ABF Freight and Saia are among the carriers

U.S. Employment Costs Rise at Faster Pace on Pickup in Wage Growth

U.S. employment costs unexpectedly accelerated in the third quarter, heightening concerns that a strong labor market risks keeping inflation above the Federal Reserve’s target, Bloomberg News reported

Jury Finds Realtors Conspired to Keep Commissions High, Awards Nearly $1.8 Billion in Damages

A federal jury on Tuesday found the National Association of Realtors and large residential brokerages liable for about $1.8 billion in damages after determining they conspired to keep commissions for

Harris to Announce Steps to Curb Risks of AI

Vice President Kamala Harris plans to announce today a slew of additional measures to curb the risks of artificial intelligence as she prepares to take part in a global summit in Britain where world

Zombie Firms Are Filing for Bankruptcy as the Fed Commits to Higher Rates

In the U.S., 516 publicly listed firms have filed for bankruptcy from January through September 2023. Many of these firms have survived for several years with surging debt and lagging sales, CNBC.com