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Bankruptcy Figures

SunPower files for bankruptcy, plans to sell assets — stock plummets

by Milton Acorn
SunPower files for bankruptcy, plans to sell assets — stock plummets

Workers install solar panels during a SunPower installation on a home in Napa, California, on July 17, 2023. David Paul Morris | Bloomberg | Getty Images The rooftop solar installer …

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Categories Science

WeWork emerges from bankruptcy, announces John Santora as new CEO

by Ev Richard
WeWork emerges from bankruptcy, announces John Santora as new CEO

A WeWork co-working office space in New York, US, on Tuesday, Nov. 7, 2023. Yuki Iwamura | Bloomberg | Getty Images WeWork, the shared office space company once valued at …

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Categories Technology

Most customers of crypto firm will get all money back

by Ev Richard
Most customers of crypto firm will get all money back

Sam Bankman-Fried, co-founder of FTX Cryptocurrency Derivatives Exchange, arrives at court in New York, US, on Thursday, Feb. 16, 2023. Yuki Iwamura | Bloomberg | Getty Images Almost all customers …

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Categories Technology

Electric scooter company Bird files for bankruptcy

by Ev Richard
Electric scooter company Bird files for bankruptcy

A banner for electric scooter rental company Bird is displayed outside of the New York Stock Exchange as the company goes public via a SPAC on Nov. 5, 2021. Spencer …

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Categories Technology

What’s Next: The Impact of Low Federal Interest Rates on the U.S. Economy

by Adrian Jhonsan
What’s Next: The Impact of Low Federal Interest Rates on the U.S. Economy

The United States is entering a new economic era as the Federal Reserve hikes its benchmark interest rate. In July 2023, the federal funds effective rate stood above 5% for …

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Categories World

Former Mozambique minister denied bail in $2 billion ‘tuna bond’ scandal

by Adrian Jhonsan
Former Mozambique minister denied bail in  billion ‘tuna bond’ scandal

Mozambique’s former finance minister, Manuel Chang (pictured here in 2019), has been deemed a flight risk. Wikus De Wet | Afp | Getty Images A U.S. federal judge ruled that …

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Categories World

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