Midwest and Resource-Rich States Vulnerable to Canada, Mexico, China Tariffs: Midwestern U.S. states’ economies could be particularly vulnerable to imposition of blanket tariffs on Canada, Mexico and China as recently proposed by President-elect Trump, says Fitch Ratings. Additionally, natural resource-rich states could face the most direct consequences from retaliatory tariffs by those nations.
Creditors File Bankruptcy Case Against Mawson Infrastructure (1): Creditors of Mawson Infrastructure Group, which builds data centers for Bitcoin miners and artificial intelligence firms, filed court papers to push the company into bankruptcy after its cash position fell to less than $6 million.
iCap Successfully Completes Chapter 11 with Landmark Ponzi Ruling and 95% Creditor Support: The Court confirmed the Plan and, without delay, made a decisive Ponzi finding from the bench, citing "substantial, if not overwhelming, evidence" of fraud, underscoring the egregious mismanagement of funds, stating that investors "would have been better off putting their money in treasury bonds."
