Treasury Secretary Janet Yellen said the department doesn’t prioritize some bills over others, and that any non-payment of obligations is a default that would “undoubtedly” trigger a recession.
Google parent Alphabet Inc. said it will cut about 12,000 jobs, more than 6% of its global workforce, becoming the latest tech giant to retrench after years of abundant growth and hiring.
Donald Trump dropped his lawsuit against New York’s attorney general over the state’s $250 million fraud claims against him and his businesses, hours after the former president and his lawyer were ordered to pay almost $1 million for a “frivolous” suit against Hillary Clinton.
The judge overseeing the bankruptcy of FTX Group refused to replace the law firm handling the failed crypto company’s Chapter 11 case, concluding that last-minute attacks on the lawyers were mere “rumors.”
(Bloomberg) — Paul Singer’s Elliott Investment Management raised $13 billion last year in its biggest-ever capital haul.
The bankruptcy of crypto’s marquee lender, Genesis Global Capital, may be one more blow than the industry can withstand, at least in its current form.
Martin Shkreli, the former chief executive officer of Vyera Pharmaceuticals LLC who served time in prison for securities fraud, should be held in contempt of court for violating an order banning him from the drug industry, the Federal Trade Commission argued Friday.
(Bloomberg) — UK police have issued Prime Minister Rishi Sunak with a fine after he filmed a clip for social media that showed him in a moving vehicle without wearing a seat belt.
Junior doctors will join the wave of strikes hitting Britain’s state-run National Health Service after voting for industrial action in a dispute over pay.
Justice, a documentary about the sexual assault allegations Supreme Court Justice Brett Kavanaugh faced before his confirmation, is set to debut at the Sundance Film Festival on Friday night.
