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Commentary: Rising Small Business Bankruptcies Are a Red Herring*

Small businesses account for close to half of U.S. private sector employment, so there’s always considerable focus on their prospects, especially during periods of rising interest rates and

Celsius Judge Asks SEC to Weigh In on Restart Plan, Quickly

The New York judge overseeing Celsius Network LLC’s bankruptcy urged the U.S. Securities and Exchange Commission to move quickly in deciding if it will authorize the failed crypto lender’s plan to

Sam Bankman-Fried Testifies Deputy Failed to Hedge Ahead of FTX Collapse

FTX founder Sam Bankman-Fried testified on Monday that the collapse of the cryptocurrency exchange was precipitated by the head of his Alameda Research trading firm failing to adequately hedge against

Sunlight Financial Files for Chapter 11, Inks Sale to Investors

Sunlight Financial Holdings Inc. filed for chapter 11 bankruptcy in the U.S. after arranging a deal to be bought by a solar energy industry investor group that includes a lender, Bloomberg News

New Texas Bankruptcy Judge Sought to Replace Judge Jones

A federal judicial council on Monday approved a plan to hire a replacement for U.S. Bankruptcy Judge David Jones, who announced he will resign after admitting he was in a previously undisclosed

Student Loan Debt Payments Hit HBCU Graduates Especially Hard

The return of federal student loan payments this month threatens to derail prospects for graduates of Historically Black Colleges and Universities, a cohort already facing steep economic disadvantages

Analysis: The Money Has Stopped Flowing in Commercial Real Estate

Commercial real-estate lending is shrinking to historically low levels, threatening a rise in defaults on expiring debt and a sharp decline in new construction of warehouses, apartments and other

U.S. Progressive Groups Ask DOJ to Reverse New M&A Safe Harbor Policy

More than a dozen groups are pressing the U.S. Justice Department to retreat from a new policy they say gives a "free pass" to corporate wrongdoers, a sign of mounting criticism among progressives of

White House Unveils Wide-Ranging Action to Mitigate AI Risks

U.S. President Joe Biden will take wider-ranging action on artificial intelligence (AI) on Monday by seeking to increase safety while protecting consumers, workers, and minority groups from the

N.C. Brothers Get Prison Time, Ordered to Pay $10 Million for Fraud

Eight months after a pair of brothers in rural North Carolina pleaded guilty to charges tied to a multi-million dollar Ponzi scheme, they’ve both been sentenced by a federal judge, the Triangle