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Tag: creditors

FILE PHOTO: Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in Manhattan in New York City, New York, U.S., October 26, 2020. REUTERS/Mike Segar

Wall St edges higher after inflation data keeps Fed rate-cut hopes intact

Wall Street’s main indexes inched higher on Wednesday after in-line consumer price inflation data kept the Federal Reserve on track to deliver another interest rate cut in December.

Read More Wall St edges higher after inflation data keeps Fed rate-cut hopes intact
HERCULES, CALIFORNIA - JUNE 07: A sign is posted in front of a Big Lots store on June 07, 2024 in Hercules, California. Discount retailer reported first quarter earnings that fell short of analyst expectations with net sales of $1.009 billion compared to $1.124 billion one year ago. (Photo by Justin Sullivan/Getty Images)

Big Lots Announces Filing For Chapter 11 Bankruptcy

Big Lots representatives stated on Monday that it has officially filed for Chapter 11 bankruptcy for protection from its massive debts, with the retailer citing “inflation and high interest rates” as reasons for filing.

Read More Big Lots Announces Filing For Chapter 11 Bankruptcy
WASHINGTON, DC - SEPTEMBER 5: Alex Jones of InfoWars talks to reporters outside a Senate Intelligence Committee hearing concerning foreign influence operations' use of social media platforms, on Capitol Hill, September 5, 2018 in Washington, DC. Twitter CEO Jack Dorsey and Facebook chief operating officer Sheryl Sandberg faced questions about how foreign operatives use their platforms in attempts to influence and manipulate public opinion. (Photo by Drew Angerer/Getty Images)

Sandy Hook Families Request That Alex Jones Liquidates Media Company

Over the weekend, the families of the Sandy Hook Elementary School shooting victims requested that Alex Jones’s media organization be liquidated by a bankruptcy judge.

Read More Sandy Hook Families Request That Alex Jones Liquidates Media Company
SpaceX's next-generation Starship spacecraft atop its powerful Super Heavy rocket is prepared for a third launch from the company's Boca Chica launchpad on an uncrewed test flight, near Brownsville, Texas, U.S. March 13, 2024. REUTERS/Joe Skipper/File Photo

Musk’s SpaceX is quick to build in Texas, slow to pay its bills

A review of Texas property records shows that SpaceX can be far slower to pay builders and suppliers than they are to break ground.

Read More Musk’s SpaceX is quick to build in Texas, slow to pay its bills
LONDON, ENGLAND - NOVEMBER 10: In this photo illustration the FTX logo and mobile app adverts are displayed on screens on November 10, 2022 in London, England. The Bahamas-based crypto exchange's larger rival, Binance, walked away from a potential bailout deal, as FTX struggles with a wave of customer withdrawals that have created a liquidity crunch. (Photo Illustration by Leon Neal/Getty Images)

FTX Offers Refunds to Crypto Customers, Excludes Profits from Price Surges

If a judge accepts the company’s bankruptcy plan, certain customers of the defunct cryptocurrency exchange FTX may be entitled to receive the full amount of money they lost.

Read More FTX Offers Refunds to Crypto Customers, Excludes Profits from Price Surges
A photo taken 08 October 2004 in Oslo shows the Nobel Peace Prize medal. (Photo by Gunnar Lier / NTB / AFP) (Photo by GUNNAR LIER/NTB/AFP via Getty Images)
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