Evergrande, once a giant in China's real estate, has been delisted from the Hong Kong stock exchange after a prolonged trading freeze. The company faces liquidation, having lost over 99% of its market value since its peak in 2017, amid a broader downturn in the property sector.
In a surprising move, President Trump threatens to fire Fed Governor Lisa Cook over mortgage fraud allegations. As calls for her resignation grow, the implications for the Fed and the economy are unprecedented.
In a surprising turn, the Pohlad family has decided to retain control of the Minnesota Twins, securing minority investors to help manage the franchise's mounting debt. This move comes amid significant fan frustration and a tumultuous season for the team.
The U.S. budget deficit has surged by 20% this July compared to last year, even with record customs revenue from Trump's tariffs. As spending increases, the financial outlook raises concerns over inflation and job opportunities.
After more than 130 years, Eastman Kodak warns of potential bankruptcy due to significant debt and a struggling business model. Explore the company's history and its uncertain future in the photography industry.
Eastman Kodak warns investors of possible insolvency as it struggles with $500 million in upcoming debt. The company plans to halt pension payments in a bid to raise cash amidst a turbulent business landscape.
Federal officials toured Alcatraz, stirring debate over Trump's proposal to reopen the prison. Critics call it a costly distraction amid pressing national issues. Can history be erased for a new prison?
In a controversial ruling, a federal judge has allowed medical debt to stay on Americans' credit reports, overturning a Biden-era policy aimed at alleviating financial burdens for millions. Advocacy groups express dismay over the decision, while credit bureaus laud it as a protection for lenders.
The US Supreme Court faces backlash for allegedly favoring Donald Trump by allowing him to dismantle the Education Department while blocking President Biden's student loan relief plan. Experts question the court's inconsistent treatment of presidential actions.
A prominent economist warns that the U.S. is on a dangerous financial path as debt costs rise and economic growth stalls. With soaring student loan delinquency rates and increased government spending, the nation faces a looming crisis.
