New York City, NY

NewsNation

Bankrupt cryptocurrency exchange FTX has been ordered to pay $12.7 billion to its customers in relief

Bankman-Fried scandal: FTX ordered to pay $12 billion to its customers in relief

CoinDesk

Both parties argue the CFTC's move to regulate prediction markets is an overreach, with Dragonfly arguing that the recent 'Chevron' court ruling limits its power.

Dragonfly, Crypto.com Weigh in on CFTC's Proposed Prediction Market Rules

The Biden administration is again gearing up to try to forgive the student debt of tens of millions of Americans, after the Supreme Court struck down its first effort last year. Now, the president has directed the U.S. Department of Education to pursue the regulatory process. In the coming days,...

Check your email: U.S. government is sending notes to millions on upcoming student-loan forgiveness

Delaware State

CBS News

The best state to retire in the U.S. is also one of the smallest, according to a new ranking. Based on its high marks for affordability, access to high quality health care, overall well-being and other categories, Delaware, known as the "First State," earned the top spot in Bankrate's annual ranking of the best states to retire in the U.S. In 2023, the state ranked No. 2, behind Iowa. "While you might not think of Delaware as a typical retirement haven, it has many strong selling points for retirees," Bankrate analyst Alex Gailey told CBS MoneyWatch. Bankrate ranked states based on their scores...

This state was named the best place to retire in the U.S.

24/7 Wall St.

The EV Sector Can’t Stop Burning CashIn our discussion, we highlight Lucid (NASDAQ: LCID) Motors’ dire financial situation despite producing 2,110 cars in the second quarter. The company has suffered substantial losses, with its stock down 85% over the past two years and billions of dollars in shareholder value wiped out. We conclude that Lucid’s […]
The post This Company Is Headed For Bankruptcy appeared first on 24/7 Wall St..

This Company Is Headed For Bankruptcy

A bankruptcy judge will soon decide the outcome of more than $7 billion in liability claims from multiemployer pension plans (MEPPs) against bankrupt Yellow Corp. Discrepancies around the interpretation of Congress’ directives and intentions in a 2021 pension fund bailout package were at the center of a Tuesday hearing in a Delaware courtroom.

Delaware judge to determine fate of pensions’ $7B in claims against Yellow

Wisconsin State

The US Sun

AMERICANS can get payments from a major interest rate settlement. Big Picture Loans, a private money lender, is paying out big bucks after allegations it charged excessive interest rates. The company is known for offering thousands in loans to people with bad credit and then charging high interest rates. Those high rates can make the […]

Americans can claim one-time payment from $65 million interest rate settlement – but it depends on which state you live

New York State

AMERICANS who used the Lyft app during a specific period could qualify for distributions from a recent settlement pot. The direct payment opportunity comes after a class action lawsuit was filed against the ride-share company by the New York State Attorney General (OAG). Lyft was accused in the suit of...

Lyft will send one-time payments from $38m sales tax settlement – but only if you used the app between specific dates

Reuters

(Reuters) -Solar firm SunPower said it had filed for Chapter 11 bankruptcy protection in the United States and agreed to sell some of its business to Complete Solaria for $45 million in cash.

SunPower files for bankruptcy protection, agrees to sell some assets for $45 million

Earlier this year, attorneys started to try to get a class action certified against the carrier. Now, the United States has initiated a civil lawsuit under the Financial Institutions Reform, Recovery, and Enforcement Act (FIRREA) against Allstate company National General Holdings Corp. and its subsidiaries, including National General Insurance Company, National General Lender Services Inc., and Newport Management Corporation.

Allstate subsidiary hit by Feds over alleged insurance fraud

NBC News

Covid cases are on the rise in the U.S. as the World Health Organization issued a warning about a summer spike in 84 other countries. NBC News medical fellow Dr. Akshay Syal why the rise in cases could be occurring and how it compares to past summers.

Covid cases rising in the U.S. amid a summer spike

Business Insider

The American Federation of Teachers filed a lawsuit against student-loan company MOHELA over claims it misled borrowers on payments and debt relief.

A major student-loan company is being sued over claims it mismanaged 8 million borrowers' accounts, blocking them from lower payments and debt relief

Chicago, IL

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writer

Foodie in Chicago

Shortly before 3 AM, people in the Chicago area may have felt their houses shake as a 3.4-magnitude earthquake occurred about 60 miles west of the city. (CHICAGO) The United States Geological Survey (USGS) reported a 3.4-magnitude earthquake around Somonauk, IL. Somonauk is in DeKalb and LaSalle Counties, 64 miles west of Chicago.

Did You Feel the Earthquake?

New-vehicle buyers are taking out loans averaging almost 70 months. Average new-vehicle APRs increased to 7.3% during the second quarter. Down payments for new vehicles have slightly decreased. A new study has revealed that many new vehicle buyers in the U.S. are being stretched to their financial limits, signing up...

Americans Drowning In New Car Debt, Loans Averaging 70 Months

Colorado State

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contributor

David Heitz

A bill quietly introduced this spring in the Colorado legislature to decriminalize the possession of drug paraphernalia obtained by harm reductionists has become law. As low-key as the legislation was introduced, the bill was signed into law without fanfare June 6. It garnered little to no media attention.

Colorado legalizes needles, pipes for meth and crack if obtained by harm reduction group

Denver, CO

In addition to collecting more than 8,000 used needles in the past year from Denver drug users, the Harm Reduction Action Center passed out 10,000 meth pipes and “snort kits,” according to a newsletter sent to its supporters Thursday. They also connected about 1,700 people to medical, mental health and substance abuse treatment.

Denver group hands out 10K meth pipes, ‘snort kits,’ connects 1,700 to treatment annually

Sen. Elizabeth Warren is leading her colleagues in asking the student-loan company Navient for answers on its debt relief process for defrauded borrowers.

A major student-loan company is 'improperly' rejecting some borrowers for debt cancellation they qualify for, 35 Democratic lawmakers say

The average rate on 30-year mortgage refinance loans plummeted 31 basis points on Thursday, dropping the average to 6.75%. That's the cheapest 30-year refi average in over three weeks. However, rate movement was up for most other refinance mortgages on Thursday. The 20-year refi average added 13 basis points, while...

30-Year Average Mortgage Refinance Rate Drops to Lowest Rate in 3 Weeks

Alaska State

A little more than a year ago, in Biden v. Nebraska (2023), the Supreme Court struck down one of the Biden administration’s student loan forgiveness plans. The Court’s decision took extraordinary liberties with the law, misreading a statute that clearly authorized the plan and relying on a doctrine known as “major questions.”

Republicans ask the Supreme Court to gut student loan relief a second time

California State

Virginia State

Cheryl E Preston

Benny Hinn was popular in Virginia in the 1990s and early 2000s. Some churches chartered buses to his crusades, but some Virginians I have spoken with recently say they no longer follow Hinn.

Benny Hinn's ministry may be affected by his wife, Suzanne, filing for divorce a second time

Brooklyn, NY

Jersey City, NJ

Hoboken, NJ

NewsBreak

FTX, Alameda Ordered to Pay $12.7B to Creditors by U.S. Judge

FTX and trading firm Alameda Research will pay $12.7 billion to creditors after the approval of a consent order by a New York judge, ending a...

FTX, Alameda Ordered to Pay $12.7B to Creditors by U.S. Judge

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