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Supreme Court Allows Insurer to Contest Asbestos Bankruptcy Deal
The ruling overturns an appeals court decision that found the company lacked legal standing.
Court Overturns SEC’s Enhanced Regulations for Private Equity, Hedge Funds
Because the court found that the SEC exceeded its authority in setting the rule, the judges didn’t evaluate the remaining issues, according to the ruling.
Toyota Recalls More Than 100,000 Tundra, Lexus LX Vehicles Over Possible Debris in Engine
The recall affects 2022 and 2023 model year Toyota Tundra pickups and Lexus LX cars.
OpenAI, Google DeepMind Employees Warn of ‘Serious Risks’ Posed by AI Technology
The employees called on ‘advanced AI companies’ not to retaliate against those ’who publicly share risk-related confidential information' about their systems.
Number of ‘Problem Banks’ Climbs in 1st Quarter, New FDIC Report Finds
Financial regulator calls $517 billion in unrealized losses ‘unusually high.’
ANALYSIS: Economic Pressure Forces China’s Central Bank to Implement Gradual Currency Depreciation Policy
‘China has no choice but to take this approach because it cannot continue to maintain the exchange rate,’ Frank Tian Xie, a professor in business, said.
ANALYSIS: Elon Musk Officially Joins the AI Battle, Predicts Human Job Losses
Mr. Musk also revealed to investors his plans to build a supercomputer to support xAI’s development.
Grant Program for Black Women Business Owners Halted by Federal Appeals Court
The appeals court panel found the grant contest may violate anti-discrimination laws.
CFPB Creates Registry to Help Law Enforcement Track ‘Corporate Repeat Offenders’
‘The registry will make tracking violations of orders easier, and stop serious harm before it spreads,’ CFPB director Rohit Chopra said.
As Climate Lawsuits Ramp Up Against Oil and Gas, So Could Energy Costs
States are not just suing oil and gas companies; they are also lodging climate-related lawsuits against food companies.
