Weiss Multi-Strategy Hedge Fund Files Bankruptcy After Shutdown - Bloomberg: Weiss Multi-Strategy Advisers LLC filed for bankruptcy about two months after the New York-based investment management firm announced it was winding down operations.
Binance founder Changpeng Zhao CZ sentenced to four months in prison: The sentence in Seattle federal court was significantly less than the three years that federal prosecutors were seeking for Zhao. The defense had asked for five months of probation. The sentencing guidelines called for a prison term of 12 to 18 months.
Shares of two big online education stocks tank more than 10% as students use ChatGPT: The rapid rise of artificial intelligence appears to be taking a toll on the shares of online education companies Chegg and Coursera
Read Email Fisker Sent to Staff Warning of Layoffs: The email, which was sent by the company's new restructuring officer, tells staff that they could be terminated effective June 28 and Fisker's "facility will be closed."
Office-Loan Defaults Near Historic Levels With Billions on the Line - WSJ: Over $38 billion of U.S. office buildings face loan defaults, foreclosures or other forms of distress, the highest amount since 2012
Rite Aid offering alcohol delivery through Uber Eats - TheStreet: “Rite Aid’s selection of alcohol brands combined with convenient delivery ensures customers have what they need when they need it — be it for a special occasion or casual night at home,” said Rite Aid Senior Vice President Jeanniey Walden, in a press release.
