News
$2M Medicare and Medicaid Fraud Doctor sees jail time
A Nevada federal jury has found a doctor conducting illegal practice and $2 million in Medicare fraud guilty. The conviction was handed down to Eduardo Abellana, M.D., 75, of Las...
Justice Department continues suit against Live Nation-Ticketmaster
The Justice Department has continued its legal suit against Live Nation-Ticketmaster for its increasing monopoly on event ticket sales. According to the government’s legal arm, Live Nation-Ticketmaster’s stranglehold on the...
Federal Reserve leaders say rates could be higher for longer
Federal Reserve leaders have said that rates could persist higher for longer if inflation fails to improve. The Federal Reserve’s staunch footing has been bolstered after a joint meeting of...
Nvidia records blowout sales in new earnings report
Nvidia the electronics and computer chip leader, has announced a surge in sales according to a new earnings report. The report topped expectations and allowed investors to relax after a...
What Franchising Can Teach The NFL About The Impact of Private Equity
The NFL is smart to take a thoughtful approach before approving institutional capital's investment in teams.
Seattle startup receives $11.6M in healthcare funding
Seattle startup Abett has received $11.6M in healthcare funding for its proprietary software. Abett’s flagship offering is the Lockbox software, a powerful tool that empowers companies to efficiently manage and...
Securities and Exchange Committee releases Executive Order for those affected by BF Borgers
The Securities and Exchange Committee (SEC) has issued an Executive Order in response to those affected by the fraud caused by BF Borgers. The Executive Order aims to give certain...
Department of Justice cracks down on $100 million of narcotics sales online
The United States Department of Justice has cracked down on an illicit enterprise that garnered over $100 million in narcotics sales. Rui-Siang Lin was arrested and will be presented to...
Iconic chain Red Lobster files for bankruptcy
After several restaurant closures, the iconic seafood chain Red Lobster has gone to the wall. The Middle District of Florida heard the company, Red Lobster Management LLC’s Chapter 11 plea,...
US inflation takes a dip for the first time in three years
Much to the relief of consumers, especially the Federal Reserve, inflation has fallen for the first time in three years. Reliable statistics from the Labor Department confirm the downward trend...
Boeing found to have violated $2.5bn settlement agreement
Boeing, the aviation and airplane giant, has been found by the Justice Department to have egregiously violated the terms of a $2.5bn settlement agreement. After fatal crashes in 2018 and...
Financial quarter closes with a note on small business
The White House heralded National Small Business Week as a busy economic quarter comes to a close. President Biden, a staunch advocate for small businesses, has issued a powerful statement...
110% Monday surge for GameStop stock
GameStop, the popular gaming and console empire, has seen shares rise by 110%. This surge in the gaming company’s stock since the frenzies heights it hit during the Covid-19 pandemic....
The U.S. banking industry wins battle in $8 credit card fee war
The U.S. court system has delayed the rule to cap credit card late fees at a maximum of 8 dollars monthly, a win for major banking institutions. The legislation, a...
BP is eyeing a $1bn buyout of Tesla charging facilities
Oil giant BP is investigating the Supercharger facilities and staff that are in limbo after Tesla’s mass cuts. Tesla, the electric vehicle manufacturer founded by billionaire Elon Musk, recently decided...