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China-Founded Rivals Ramp Up War for American Shoppers
Business

China-Founded Rivals Ramp Up War for American Shoppers

Online sellers Shein and Temu are fighting in U.S. courts, alleging dirty tricks as they duel for workers and suppliers back in China. Source link

$2 Billion Default Followed Warnings to Everyone but Investors
Business

$2 Billion Default Followed Warnings to Everyone but Investors

Beneficient executives and board directors headed for the exits over signs of trouble—long before a financial blowup that is now under investigation by the SEC

Steve Wynn Agrees to Stay Out of Nevada's Gambling Industry
Business

Steve Wynn Agrees to Stay Out of Nevada's Gambling Industry

The former casino magnate has agreed to an effective ban from Nevada’s gambling industry in a settlement over his alleged sexual misconduct against former employees. 

Hedge Funds Seek to Cut Off $1 Billion Meant for Opioid Victims
Business

Hedge Funds Seek to Cut Off $1 Billion Meant for Opioid Victims

Drugmaker Mallinckrodt is talking to hedge funds about filing for bankruptcy and avoiding payments intended to help people addicted to opioids. Source link

Elon Musk's X Rebrand Cues Complications---and Porn Jokes
Business

Elon Musk's X Rebrand Cues Complications—and Porn Jokes

The latest Twitter upheaval has agitated former employees and could incite trademark battles. Source link

British Billionaire Joe Lewis Charged With Insider Trading
Business

British Billionaire Joe Lewis Charged With Insider Trading

Prosecutors say the owner of Tottenham Hotspur of tipped off pilots, lovers and associates. Source link

'Forever Chemicals' Settlement Weighs on 3M Earnings
Business

'Forever Chemicals' Settlement Weighs on 3M Earnings

The company raised its earnings expectations for the year despite swinging to a quarterly loss. Source link

He Went to Prison for Crypto Crime. Now He's an Advocate for Compliance.
Business

He Went to Prison for Crypto Crime. Now He's an Advocate for Compliance.

Charlie Shrem, a co-founder of the defunct BitInstant, was one of the first bitcoin millionaires and one of the first to do time for crypto