Business

At the age of 37, Kathy Giusti was happily married to a one-year-old when she heard the somber phrase from her doctor, “You have cancer.” “The word hits you like a fool, the fear and anguish are immediate for you and those who love you,” says Giusti. “And worse, nothing prepares you for it. You don’t know where to turn.”…

Last week, the SEC sent shockwaves through the crypto industry when news leaked that it accused Paxos of issuing an unregistered security in its BUSD stablecoin — a claim the company “categorically denies.” The Securities and Exchange Commission has not provided any explanation as to how BUSD, which Paxos claims is fully hedged and fully redeemable, could constitute a security.…

It’s the phone call every employee dreads, the email no employee wants to see in their inbox. You have been fired and no matter what your employer promises to support you in a new role, the way forward is still uncertain. This has been the reality for tens of thousands of people over the past 12 months, with further layoffs…

The American Car Center told employees the company would be closing its doors a day after it delisted a $222 million bond sale, according to people familiar with the matter. The used-car dealership, which targets consumers regardless of their credit score, said in an email to employees on Friday that the company is ceasing all activity, closing its headquarters in…

The creator of the Dilbert comic faced a backlash of cancellations on Saturday while defending statements that described black people as members of a “hate group” that white people should “get away from”. Various media publishers in the US denounced Dilbert creator Scott Adams’ comments as racist, hateful and discriminatory and said they would no longer provide a platform for…

Manufacturing batteries for electric vehicles is tricky work. More Americans will do so in the coming years, thanks to government incentives enticing companies to locate EV battery manufacturing in the US rather than Asia. At Tesla’s Gigafactory in Nevada, where production began in 2016, battery cell partner Panasonic has employed thousands of workers in its operations within the sprawling facility…

Always the underdog, Jimmy Carter served a tumultuous tenure in the White House. His presidency was beset by rising interest and inflation rates, gas pump lines, and the Iran hostage crisis that eventually led to his re-election defeat. But he rose to even greater heights in his post-presidency career, dedicating another four decades to serving as the international envoy for…

In his annual letter to Berkshire Hathaway shareholders, released Saturday, Warren Buffett celebrated the virtues of Coca-Cola, gave President Joe Biden an obvious dig, and expressed frustration at “one of the shames of capitalism.” Describing his company’s accomplishments over the years, the Berkshire CEO highlighted his $1.3 billion bet on Coca-Cola in 1994 – valued at $25 billion by the…

The New Mexico governor has entered the fray over how federal land trustees are eradicating wild cows in the Gila Wilderness. Democratic Gov. Michelle Lujan Grisham issued a statement Friday saying she was disappointed by what she described as the US Forest Service’s lack of meaningful, long-term engagement with stakeholders on a controversial issue. The Forest Service is currently conducting…

A North Carolina business tycoon has been indicted again on federal criminal charges, this time over allegations that he conspired to siphon large sums of money from his insurance companies and then lied to regulators to hide the two co-conspirators scheme. A 13-count grand jury indictment in Charlotte was filed Thursday against Durham’s Greg E. Lindberg, who federal prosecutors allege…