Federal prosecutors have charged the founders of the once-dominant auto parts supplier First Brands Group with orchestrating a massive, years-long fraud, alleging a scheme that misled lenders and ultimately led to the company's catastrophic bankruptcy, sending shockwaves through the industry.
Financial expert Suze Orman challenges conventional retirement targets, urging a defensive cash reserve of three to five years' expenses to shield against market volatility.
GameStop shares rallied over 6% after CEO Ryan Cohen outlined a bold vision to transform the struggling retailer into a consumer sector powerhouse through strategic M&A, leveraging its substantial cash reserves.
The head of the Minneapolis teachers' union has disclosed that local elected officials are participating in encrypted Signal groups used to organize surveillance and interference with federal immigration enforcement operations, raising questions about the boundaries of political activism.
Regional banks like Fifth Third are betting on a historic profit surge if Kevin Warsh reshapes the Fed. But Wall Street warns his ambitious plan to slash rates and shrink the balance sheet faces fierce internal and political headwinds, threatening market stability.
Amid market volatility driven by AI speculation, a seasoned investor makes the case for a dual-anchor strategy built on Apple's surging iPhone sales and Berkshire Hathaway's formidable $378 billion cash reserve.
Following a federal judge's order for their release, a father recounts the two-week detention of his five-year-old son by ICE, alleging inadequate medical care and harsh conditions, as the case ignites debate over immigration enforcement practices.
A weekend of major headlines saw federal arrests of journalists, a new batch of Epstein files, and a divisive documentary debut, sparking intense debate about legal boundaries and media responsibility.
The FIRE movement is no longer the exclusive domain of high-flying tech salaries. A growing community of middle and working-class Americans is proving that strategic frugality and disciplined investing can pave the way to financial independence decades ahead of schedule.
A Wahneta, Florida, resident faces enhanced felony charges including arson and criminal mischief. The Polk County Sheriff's Office states the suspect's illegal immigration status factored into the severity of the allegations, reigniting debates around local enforcement and federal policy.
A Nevada judge has barred prediction market platform Polymarket from operating in the state, leaning on recent federal rulings against similar platforms. The decision marks a significant setback for the company's regulated U.S. relaunch and underscores the ongoing legal tension between state gambling laws and federal commodities regulations.
An Atlanta law firm is investigating Home Depot's planned layoff of nearly 800 Georgia workers, exploring a potential class-action lawsuit over whether the company violated federal notification laws.
Hawxhurst LLP has filed a federal lawsuit against International Amusement Rides and Intamin Ltd., alleging the roller coaster manufacturers failed to pay $1.5 million in legal fees after the firm defended them in high-stakes intellectual property battles.
A suspected human smuggler with a prior conviction was shot by federal agents near the Arizona-Mexico border after allegedly firing at a CBP helicopter and agents during a foot pursuit, according to law enforcement officials.
Africa's largest conglomerate secures a strategic gas supply agreement with Nigeria's state oil firm, a key move supporting national ambitions to leverage vast gas reserves for industrial growth and investment.
With a partial government shutdown entering its third day, the House prepares to vote on a Senate-crafted funding deal. While Speaker Johnson eyes a Tuesday resolution, deep partisan divisions over Homeland Security funding and procedural hurdles threaten to prolong the stalemate, leaving thousands of federal employees working without pay.
German federal prosecutors have arrested five individuals accused of orchestrating a vast procurement network that allegedly funneled millions of euros worth of goods to Russian defense companies, in direct violation of EU sanctions imposed following the invasion of Ukraine.
Robinhood is positioning itself at the center of three major financial shifts: potentially administering new federal savings accounts, vying for a key role in SpaceX's blockbuster IPO, and expanding into tokenized assets. This strategic pivot could redefine the fintech's role from a trading app to a core financial infrastructure player.
The Federal Maritime Commission has levied one of its largest fines against Mediterranean Shipping Company, citing a pattern of wrongful late-fee charges, tariff publication failures, and repeated overcharges on thousands of container shipments.
After a historic surge, gold prices have experienced their steepest drop in decades. Yet, analysts point to enduring geopolitical tensions and monetary policy shifts as reasons why the metal's long-term appeal remains intact.
