Distressed Investors Appaloosa, Centerbridge Push for Big Payouts in SVB Bankruptcy
Dying banks aren’t bad news to everybody. For some investors, they are a chance to make money.
Bloomberg Business
Ruling Party Candidate Scores Big Win in Paraguay Vote
Paraguay voters gave the conservative Colorado Party a third straight mandate to run the nation, defying a trend that booted out incumbent governments elsewhere in Latin America.
Snap Hires Former Meta Execs to Bolster Ad Business
Snap Inc., the maker of the Snapchat app, has hired two former employees of Facebook parent Meta Platforms Inc. as part of a drive to expand its advertising business.
Lordstown Motors Warns of Bankruptcy as Foxconn Deal Unravels
Lordstown Motors Corp. may be forced to cease operations and file for bankruptcy after manufacturing giant Foxconn told the electric-vehicle company that it’s prepared to pull out of a production partnership.
AI Chatbots Have Been Used to Create Dozens of News Content Farms
A new report documents 49 new websites populated by AI tools like ChatGPT and posing as news outlets
Dimon Defies Big-Bank Critics, Winning FDIC Auction to Keep Expanding
JPMorgan Chase & Co.’s purchase of First Republic Bank puts a new twist on “too big to fail” — with the largest US lender using its mighty balance sheet to beat competitors and spare regulators an even uglier hit from the latest regional bank collapse.