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Maggie Gibbons Thrives in Tuck Business Bridge
For junior Maggie Gibbons, this summer offered an opportunity to explore the business world beyond Colgate University. Gibbons spent three weeks in Hanover, N.H., participating in Dartmouth College’s Tuck Business Bridge Program, an intensive experience that introduced her to different areas of business and finance while allowing her to work alongside students from other colleges...
Analysts split on Apple after foldable iPhone Duo debut
Investing.com -- Analysts offered a mixed verdict on Apple's "Surprise and Shine" event, where new chief executive John Ternus unveiled the company's first foldable iPhone, the Duo, priced at $1,999.
Future of Health Asia 2026 to connect policy, finance and care for sustainable health systems
Economist Enterprise will host the 6th Future of Health Asia on September 29th at the Grand Hyatt Singapore. This premier event convenes over 500 industry, medical and government leaders to address the structural forces reshaping healthcare across the region.
Health System Board Finance Working Group passes remote participation policy
The policy states that a member of HSB may participate remotely in meetings not open to the public, provided the member notifies the rector that they are unable to attend in-person due to an emergency, personal matters or a disability.
Poll: Do Michigan voters support stricter political campaign finance rules?
Michigan voters were asked in a recent poll how they felt about the upcoming November general election. One question asked if Michigan voters supported prohibiting regulated utilities and government contractors from contributing to politicians, expanding campaign-finance disclosure rules and requiring disclosure for internet political ads.
UAM plans ribbon cutting for Arkansas Forest Health Research Center
The University of Arkansas at Monticello will hold a public ribbon-cutting ceremony to celebrate the grand opening of the Arkansas Forest Health Research Center. The event will be held at 2 p.m. Oct. 2 at the center, located behind the Fine Arts Center on campus. In February 2024, the Arkansas Department of Finance and Administration […]
The Center for Health and Human Rights submits an input to the United Nations on mobilizing public resources to finance sustainable development
The Center for Health and Human Rights (CHHR) of the O’Neill Institute for National and Global Health Law at Georgetown Law submitted an input on August 20 in response to
The ‘amnesia tax’: How frictionless payments fuel mindless spending
The rise of frictionless payment technology may be making it easier for consumers to lose track of their spending, contributing to what the author calls “budget amnesia,” The Washington Post reports. One single mother with $80,000 in student debt reviewed a year of bank statements and discovered that her finances weren’t being undermined by major […]
Flex Partners with Mesh to Power Crypto and Stablecoin Deposits for Business Owners
/PRNewswire/ -- Mesh, the leading crypto payments network, today announced a partnership with Flex, the finance platform that brings business owners' accounts...
The Science Behind Big Mistakes and 4 Things You Can Do to Avoid Them
Researcher shows many big mistakes can be avoided or minimized if people pay more attention to early factors. Here's what you need to know.
Indiana counties' response to data centers reflects broader political risk
Indiana illustrates both the shifting political risk for data centers and the direction of the infrastructure finance discussion on this issue.
Did New Film Unit Just Shift AMC Stock’s Investment Narrative?
AMC Entertainment Holdings recently launched Leawood Films, a film distribution unit based in Los Angeles and Leawood, Kansas, aiming to bring more small and mid-sized movies into theatres worldwide while relying on fully financed projects to limit production risk. The new distributor uses AMC’s excess screen capacity and past concert-film marketing experience to secure theatrical placement for filmmakers who might otherwise struggle to find backing, while leaving most downstream revenue and...
New transfer agreements link FVTC business degrees to UW-Oshkosh
Four new pathways cover accounting, finance, business management and marketing
From Olympic gold to Goldman Sachs: Ryan Held takes on new challenge in high finance
Ryan Held, two-time Olympic gold medalist, transitioned from highest levels of competitive swimming to Goldman Sachs and relocated to Dallas to build his career in finance.
Korea freezes 2027 health insurance premium at 7.19%
The government has decided to freeze the national health insurance premium rate at 7.19 percent in 2027, citing stable finances and expected support from the government and premium revenue.The Ministry of Health and Welfare said that the Health Insurance Policy Deliberation Committee approved the 20
Commission to present long-awaited Innovation Act proposal
The European Commission will present its proposal for an EU Innovation Act on September 9, with a focus on strengthening public procurement as a driver of innovation and facilitating the use of intellectual property (IP) to secure financing.The proposal was initially meant to be published in March. No explanation has been given for the delay, but it may be linked to issues with the associated impact assessment.The Commission’s Regulatory Scrutiny Board issued a negative opinion on the draft impact assessment following its meeting on January 28, and again on February 27, according to a draft of the Innovation Act published by Agence Europe.In it, the Commission lays out the steps it has taken to address the board’s concerns, including avoiding overlap with the upcoming revision of the EU Public Procurement Directives and removing a mandatory target for EU member states to increase overall innovation procurement spending.The Innovation Act, which was included in last year’s start-up and scale-up strategy, is meant to reduce barriers to bringing innovative solutions to the market and speed up the path from research to commercialisation.Central to the initiative, according to the draft proposal, is the introduction of a harmonised EU framework for the procurement of R&D services by public buyers, including pre-commercial procurement. The plans would also introduce an EU preference in public R&D procurement.“Other leading economies in the world are investing five to eight times more in public procurement of R&D than the EU,” it notes. In Europe, the lack of harmonised rules has led to divergent practices across the bloc, legal uncertainty and limited use of joint, cross-border R&D procurement, it says.Related articlesCommission postpones European Innovation ActParliament draft report adds EU Inc safeguards to prevent fraud and regime shoppingThe text highlights a lack of clarity around the valuation and monetisation of IP as another barrier to the commercialisation of research results. Currently in the EU, IP is rarely used as collateral in financing, which restricts the growth potential of innovative firms. A key reason for this, according to the Commission, is the absence of a harmonised methodology for valuing IP.To address this issue, it plans to introduce an EU-wide IP valuation framework, a digital marketplace for commercialising IP, and a competence centre to help innovators access IP-backed finance.The issue was highlighted by a recent report by the European Union Intellectual Property Office, which referred to developing a “functional market for IP-backed finance” as a “core competitiveness imperative for the next decade,” and key to ensuring capital unlocked by other EU initiatives reaches innovative firms.The Innovation Act is one of several ways the Commission hopes to reduce fragmentation in the single market and help innovative companies to scale in Europe, complementing other initiatives such as the EU-wide corporate regime, dubbed EU Inc.The leaked draft is not the final version that will be published on September 9, according to a Commission official.
Opinion: Revaluation delay sacrifices businesses without fixing Hartford’s finances
Hartford Mayor Arunan Arulampalam wants to delay the city’s property revaluation as shifting home and office values threaten its financial stability.
UK business group urges smaller state pension increases ahead of budget
The British Chambers of Commerce has urged finance minister John Healey to replace Britain's pension so-called "triple lock" with inflation-linked increases ahead of his first budget, saying the savings could help boost youth employment and growth.
This Campaign Finance Whiz Helps Hawaiʻi Politicians Keep Their Books In Order
After 33 years with the state Campaign Spending Commission, Tony Baldomero is now working for candidates so they file “true and accurate” expense reports.
I help families prepare their kids for inheritance. Follow my 3 steps.
The founder of a family office shared how he speaks to his children and clients about inheritance and finances.
OKC Mexican consulate provides free health, financial programs
The Mexican Consulate in Oklahoma City is offering free health, finance and education services through three community windows. A health \
AMC Entertainment (AMC) Forms Leawood Films For Low Risk Movie Distribution
AMC Entertainment Holdings (NYSE:AMC) created Leawood Films, a new film distribution company focused on low-risk projects. The unit plans to work only with fully financed or completed films and use AMC's theater network and marketing reach. Leawood Films is led by veteran entertainment executives and intends to collaborate with established distribution partners. This move by AMC Entertainment towards lower risk, partnership driven content deals fits a broader shift many investors are...
Will AMC’s New Leawood Films Distribution Arm and Tokenized Share Dispute Change AMC Entertainment’s (AMC) Narrative?
In August 2026, AMC Entertainment Holdings launched Leawood Films, a low-risk film distribution arm based in Los Angeles and Leawood, Kansas, designed to fill excess theatre capacity by focusing on fully financed small and mid-sized titles while respecting traditional PVOD and SVOD windows. Around the same time, CEO Adam Aron’s public clash with Robinhood over tokenized AMC shares highlighted rising tensions between traditional equity markets and emerging digital trading products, raising...
Apple's Foldable iPhone Runs Into Early Trouble
Scarcity could boost hype while limiting near-term revenue
'Money Out of Politics' proposal survives legal challenge
The proposal would make major changes to campaign finance in Michigan, banning major utility companies from making political contributions.
'Money Out of Politics' proposal survives legal challenge
The proposal would make major changes to campaign finance in Michigan, banning major utility companies from making political contributions.
Cuba opens business ownership to emigrants: ‘Who is going to buy what you are going to sell? How will you finance it?’
Economists say it is one of the biggest transformations of Cuba’s private sector, but question whether the legal system can protect investors
City of Charleston to hold Business Finance Resource Fair
CHARLESTON, S.C. (WCBD) – The City of Charleston’s Office of Business Services plans to host a Business Finance Resource Fair on Tuesday, Sept. 15, 2026. The fair will be held from 10:0…
United Community Banks Inc. Announces Sale of Equipment Finance Business
United Community Banks, Inc. (NYSE: UCB) has announced the completion of the previously announced sale of its equipment finance business, consisting of Navitas Credit Corp. and NLFC Reinsurance Corp., to funds managed by Wafra Inc., acting through...
Titans of Business honored by TBP in inaugural event
From finances to athletics to spirituality to charity and all points in between, they have made a significant impact in our community. In fact, you could even c
Swiping MAGA right or liberal left dealbreakers in today's dating world
Smoking? Kids? Finances? Political alignment is now at the forefront for those looking for romance in today's world of dating and finding a partner.
America first, global health last?
The US is reshaping global health aid through bilateral deals and stricter conditions – raising concerns over funding gaps, sovereignty and whether a transactional model can replace decades of multilateral cooperation
SGC starts year without VP of business and finance
The Ithaca College Student Governance Council is starting the 2026-27 academic year without a vice president of business and finance. The vice president of business and finance is responsible for distributing funds to student organizations.
9 Cassette Tapes From The '80s Worth a Small Fortune
Check your old box of cassette tapes. Some tapes cost a few dollars in the 1980s, but are now worth a lot of cash. Here are some of the most valuable ones.
The IDA Health Window Is Gaining Traction: Four Responses to the Proposal
I recently proposed an IDA Health Window as the future of multilateral global health financing. The proposal is beginning to gain traction. It has received interest (mostly positive, but always with good, constructive challenges) from colleagues associated with the Accra Reset; Africa CDC and the African High-Level Ministerial Committee on Global Health Architecture Reform; low- and middle-income country health and finance officials; key high-income donors including the UK, France, Germany, and Norway; the World Bank and the Asian Development Bank; the World Health Organization, Wellcome Trust, and civil society.
AMC Entertainment Creates “Leawood Films” With the Aim of Having More Movies Distributed on to the Big Screen
New distribution venture will focus solely on films fully financed by their filmmakers, or already completed films, leveraging AMC's…...
A 104-year-old farmer’s $183,000 Deere tractor sale tests a U.S. farm recovery
America’s aging farmers have been holding on to machinery for longer than usual as low crop prices and rising costs squeezed their finances.
Bessent heads to G20 to rally allies on Iran as tariffs strain ties
The Group of 20 finance ministers is meeting in Asheville, North Carolina, on Monday and Tuesday.
Treasury Department blocks certain journalists from covering G20 meeting
The New York Times said in a statement that denying American journalists access to an event in the U.S. is “not just another disturbing effort by the administration to undermine independent journalism, but a blatant attempt to evade public scrutiny.”
Star Entertainment (ASX SGR) casino operator reports $307.3 million loss
The casino and hotel giant is separately facing a fine of $400 million next month for anti-money laundering failures, putting more pressure on finances.
Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices
Hey all, Jason here. When this hits your inbox, I should be en route to the airport — not to go anywhere myself, just to pick up my better half. I must admit, it’s been strange to be home alone (well, with two dogs) for two weeks! Really lets me “optimize” to spending more time on reading/writing/working, whether that’s healthy or not! Looking forward to getting back into a (somewhat) more balance routine. Subscribe or Support by Upgrading Compare Notes With the People Who Built Modern Fintech Partner content: Remitly CEO Sebastian Gunningham. Increase founder Darragh Buckley. Linda Du, Co-founder & President at Valon. They’ll unpack the decisions behind building and scaling major financial products: what they got right, what broke, what they would do differently, and how AI and new infrastructure are changing the operator playbook. Most events tell you where fintech is going. NerdCon puts the people who built the present in the room and asks them what comes next. Expect an operator-led conversation grounded in real products, real trade-offs and lessons earned the hard way. Fintech Business Weekly readers save 20% on Regular tickets with code FBW20 before standard pricing ends September 11. Meet the Builders Things To Know & Other Good Reads Advent and Stripe Abandon $50 Billion Pursuit of PayPal (Bloomberg) Trump Family’s New Crypto Bank Is Backed by Abu Dhabi Sheikh (Wall Street Journal) The multiplying risks of financing data centres (FT) Let the Bond Market Speak (Wall Street Journal) Did we waste a crisis? Modest proposals to reform deposit insurance. (Fintech Takes Banking) Untangling Guggenheim: How Private Credit Built Its Own Universe (Net Interest) The Hater’s Guide To Circular Financing — Part One (Ed Zitron) Fiat Ventures Rebrands to FGV Capital, Announces $35M Oversubscribed Fund II (BusinessWire) Socure Announces Strategic Growth Investment at $5.2B Valuation and Acquires Agentic Operations Platform Fravity (Socure) Listen: When Consumer Protection Disclosures Work Too Well (Consumer Finance Monitor Podcast) Colorado Sues EarnIn For “Immoral, Unethical, Oppressive and Unscrupulous” Business Practices When Andreessen Horowitz led EarnIn’s $39 million Series B in 2017, Alex Rampell, a partner at the storied venture capital firm, described EarnIn’s small-dollar advance product as “free,” relying on “entirely on voluntary contributions instead of fees.” Rampell favorably compared EarnIn’s approach to typical payday loans, writing, “Payday loans historically have had the potential to be a slippery slope for consumers into financial distress: opaque systems and steep fees that are hard to repay and set individuals back further than where they started. For many Americans living paycheck to paycheck, that kind of slide into debt can be extremely difficult to recover from.” But EarnIn’s product — which, the company says, isn’t a “loan,” legally speaking — ends up being anything but free for most users. While it is technically possible to take a no-fee advance from the company, most users incur “Lightning Speed” (instant funding) fees and/or ostensibly optional tips that combined can equate to annualized percent rates that can reach over 1,000%. With an average term of 9.77 days, even fees and tips that are small on an absolute dollar basis are equivalent to high APRs on an annualized basis. A lawsuit filed last week by Colorado Attorney General Phil Weiser against EarnIn describes the company and its product and business practices quite differently than Andreessen’s Rampell; “EarnIn’s business practices are unfair because they are immoral, unethical, oppressive and unscrupulous,” the complaint, filed in District Court in Denver, Colorado, says. EarnIn’s marquee product, Cash Out, isn’t a loan, the company says, as Cash Out is not “[f]orward [l]ooking” because “[t]he money is transferred based on earnings to date,” does not carry a mandatory fee to access funds, and is “non-recourse,” meaning EarnIn cannot pursue recovery from users who don’t repay advanced funds. EarnIn is sometimes referred to as an “Earned Wage Advance” service. Though, unlike some others in the broader category, EarnIn does not integrate with employers’ payroll or time and attendance systems. Rather, EarnIn attempts to verify a user’s income and employment, by examining direct deposit transaction data in their linked external bank account, by using GPS location and Bluetooth data to estimate a user’s time spent at work, if they work in a fixed location, and/or by having a user provided a work email address. While repayment is theoretically optional, as EarnIn would have no recourse, such as reporting non-payment to the credit bureaus or a collections agency, this is anything but clear to users of the EarnIn app, Colorado’s complaint argues. During the process of taking a Cash Out, users must agree to a preauthorized debit of the amount advanced, plus any expedited funding fee and/or tips. Though users technically can revoke this ACH authorization, the fact that they have this right isn’t presented to users during the Cash Out process, but rather is included in linked terms and conditions few users are likely to actually read. And users who do wish to revoke their ACH authorization must do so three or more days before the scheduled transaction date by emailing EarnIn’s customer support. Similarly, EarnIn’s marketing claims that it carries “no interest” and “no mandatory fees” is technically true, but is not the reality for many of the app’s users, the Colorado complaint argues. Further, EarnIn has extensively marketed to users the ability to “access your pay today,” to get “instant” funds, and to get funds “the same day you work” — when, in reality, this speed of access was only possible by paying the additional, undisclosed Lightning Speed fee. The Colorado complaint highlights this contradiction specifically, noting: EarnIn tells consumers that they can ‘Make any day payday with EarnIn’ and that there no ‘hidden’ or ‘mandatory fees.’ For a consumer to access their pay on the same day requested, they would have to pay the Lightning Speed fee. In the fine print of the advertisement EarnIn discloses that ‘[f]ees apply to use Lightning Speed,’ a direct contradiction to the larger text of the advertisement, and a fact that would not be immediately understood by a consumer as ‘Lightning Speed’ is not defined nor explained. Like other small-dollar lending services, rather than explicitly charge interest, EarnIn collects a markup on the optional Lighting Speed fee, which, given the nature of the transactions, many users opt for, as well as offering users the option to leave “tips.” EarnIn leverages either Real-Time Payments (RTP) rails or push-to-card via debit rails if a user opts for the optional Lightning Speed. But while these capabilities cost EarnIn, on average, $0.075 or $0.20 per transaction, respectively, EarnIn charges users significantly more. Initially, EarnIn charged as little as $1.99 for Cash Outs up to $24. But EarnIn has hiked these fees multiple times, and now charges $4.99 for Cash Outs up to $75 and $6.99 for those over $75. According to the Colorado complaint, EarnIn leverages “dark patterns” to manipulate users and to make it more difficult to avoid tipping. Examples of these “road blocks” highlighted in the complaint include: As of 2023, in the EarnIn app, a consumer attempting to get a loan under the default settings had to make at least eighteen separate taps to complete the transaction and reduce the tip to $0. There is an alternative method to leave a $0 tip, via the “Custom tip” feature, but EarnIn made this option difficult to access by visually deemphasizing it and positioning it near devices’ “home” button. Using language and imagery such as “Tip to pay it forward,” “Your generosity supports the service + helps,” “Your tips make a difference,” and “[t]he APR for this cash out is 0%. Your tips help support us.” While Lightning Speed and tipping are, in theory, both optional, in practice, users nearly always ended up paying something. According to the Colorado suit, users were charged either a tip or an expedite fee for more than 92% of transactions, with an average APR of nearly 388%. And, although the advances are “non-recourse,” EarnIn successfully collects on nearly all transactions — 99.18%, according to the complaint, which, Colorado argues, “demonstrat[es] that EarnIn’s advances function as high cost loans, not voluntary payments.” The share of EarnIn users incurring fees — despite the product being marketed as 0% APR — is hard to reconcile with Andreessen investor Rampell’s favorable description of EarnIn vs. “opaque systems and steep fees” associated with payday loans, which, Rampell says, can be “extremely difficult” for borrowers to extricate themselves from. According to Colorado’s suit, EarnIn’s Cash Out product “trapped many consumers in extreme cycles of high-cost reborrowing.” The suit gives an example of one consumer in the state, who took out a whopping 1,151 loans, paying a total of $4,038.50 in Lightning Speed expedited funding fees on loans that averaged the equivalent of 1,421% APR. Another Colorado user, the suit says, took out 1,033 loans, paying $8,561.22 in tips and fees at an average APR of 1,539% . These types of usage patterns demonstrate “the severe and repeated financial harm caused by EarnIn’s illegal lending model,” the Colorado complaint argues. In aggregate, from January 2023 through July 2025, EarnIn extended 3.1 million loans to 56,778 users in Colorado — an average of nearly 55 transactions per person during the time period. EarnIn lent more than $300 million and collected more than $16 million from Colorado users in Lightning Speed fees and in tips. Ultimately, the Colorado complaint argues that “EarnIn’s Cash Outs are loans under Colorado law, and EarnIn’s contention that its product is not a loan based on its disclaimer of any legal repayment obligation lacks any real-world significance given how the Cash Out transactions actually operate in practice.” Colorado further argues that “EarnIn was not working with companies here in providing consumers with funds but acted as a third-party lender and charged illegally high rates, used deceptive design strategies to extract some charges, and trapped consumers in repeat borrowing. Colorado will continue to stand up for consumers and hold companies accountable when they violate our credit laws or attempt to evade them through misleading practices.” Colorado’s suit alleges EarnIn assesses finance charge in excess of that permitted by Colorado law, that EarnIn failed to make legally required disclosures to Colorado borrowers, that EarnIn made supervised loans to consumers without obtaining the requisite license, that EarnIn violated the state’s Deferred Deposit Loan Act, that EarnIn engage in unfair and deceptive trade practices, and that EarnIn made false or misleading statements concerning price. The suit seeks a court order enjoining EarnIn from violating relevant Colorado laws, for EarnIn to refund amounts charged in excess of state law, fees, costs, and penalties, and other relief the court deems to be just. Fintech Business Weekly is made possible by the generous support of paying subscribers — bringing you independent analysis of banking, fintech, and crypto without fear or favor. You can support my work by becoming a paying subscriber if you aren’t already. Paying subscribers enjoy: access to the entire archive of nearly six years of newsletters extended versions of the weekly newsletter, with additional content and analysis and (for founding member tier) quarterly personal 1:1 fintech Q&A / strategy calls with me, tapping into my unparalleled knowledge of the intersection of banking and fintech and experience working in the sector, including helping to launch Goldman Sachs’ retail bank Marcus Support Fintech Business Weekly You can also support Fintech Business Weekly by sponsoring a newsletter or podcast, putting you in front of 93,000+ of the most influential decision makers in banking, fintech, and crypto. Learn more about sponsor opportunities or request a media kit by dropping me an email. Q2 Quarterly Banking Profile: Five Quick Takeaways The FDIC released its quarterly banking profile, which is always worth a read, for the second quarter. The profile provides an aggregate snapshot about the overall health of the 4,238 institutions whose deposits are insured by the FDIC, who, collectively, hold more than $26 trillion in assets and saw a total net income of more than $90 billion in the second quarter. Net income was up 12% vs. Q1 2026, with lower provisions and realized gains on securities helping to drive the improvement, somewhat offset by increases in non-interest expense and applicable income taxes. Overall net interest margin was basically flat quarter over quarter (up 1 basis point vs. Q1 2026), though community banks saw NIM grow by 10 basis points, to 3.81%. Unsurprisingly, given that interest rates haven’t changed, unrealized losses on securities changed little, edging up slightly to $326.7 billion vs. $325.1 billion in Q1 2026. Aggregate credit quality has remained benign, with asset quality actually improving slightly in Q2. Overall, institutions reported a 9 basis point decline in their past-due and non-accrual rate, to 1.44%. Net charge off rate also declined by 2 basis points, to 0.57%. And finally, the FDIC’s deposit insurance fund stands at $161.1 billion, making the DIF reserve ratio 1.48% — above the statutory minimum of 1.35%, but still below the designated target reserve ratio of 2%. [Paid Subscriber Exclusive] Nissan Withdraws ILC App, State Associations Plan BankChain Alliance, FDIC Defines “Unsafe or Unsound Practice” For First Time Automaker Nissan withdrew its application to charter a Utah industrial loan company and its corresponding application to the FDIC for deposit insurance last week, on August 19th. Nissan’s application had been outstanding for more than a year, as it originally applied in June 2025. Recent applications to the OCC to form national banks have been decisioned, one way or the other, substantially more quickly than has historically been the case.
Goodyear burning rubber and cash as turnaround plan continues
The tire maker has an ongoing turnaround plan as the company tries to restructure its business, refinance and pay down years of debt.
Money and Politics in Delaware: August 29, 2026
Money and Politics in Delaware is your link to finance, business and policy in the First State.
Healthcare Freefall: AI arms race hits rural healthcare as hospitals fight to keep up
Editor’s Note: Colorado’s healthcare system is entering a period of accelerating instability — a “tsunami,” as multiple leaders describe it — driven by collapsing hospital finances, shrinking Medicaid reimbursements, disappearing services and a political fight over who is responsible for this unraveling. Healthcare Freefall is a multipart series examining how Colorado arrived at this moment, […]
Warsh says inflation still too high, interest rates may need to be raised
He addressed global banking leaders and finance ministers Friday at the Jackson Hole Economic Symposium in Wyoming
Warsh says inflation still too high, interest rates may need to be raised
He addressed global banking leaders and finance ministers Friday at the Jackson Hole Economic Symposium in Wyoming
How NYC plans to get young people to vote: Less politics, more influencers
Ahead of this fall’s midterm elections, New York City’s Campaign Finance Board is betting that one way to reach young voters is to make voting information
So long to shorts? In Silicon Valley, tech workers are showing less leg
Men in the tech industry are covering up their legs, even as their counterparts in finance are increasingly open to showing them off.
Latest World & National News & Headlines
USA TODAY delivers current national and local news, sports, entertainment, finance, technology, and more through award-winning journalism, photos, and videos.
Record debt and election politics raise stakes for French budget
France faces a particularly perilous annual budget battle in the coming months as political parties jockey for position ahead of next spring's presidential election while increasingly anxious investors look for evidence Paris can regain control of its public finances.
Campaign finance reform proposal heads to Michigan voters after Senate declines to act
A proposal to ban utility and contractor political contributions will go to Michigan voters in November after the Senate declines to act.
Democrats Score Victory in Campaign Finance Court Case
Republicans had hoped that a Supreme Court decision allowing party committees to coordinate with candidates would also entitle them to lower ad rates. On Tuesday, an appeals court said otherwise.
Johnson finds $85 million budget fix — and unloads on City Council
The mayor plans to refinance debt and tap remaining federal relief dollars to close the city’s projected 2026 shortfall, while blaming the City Council for creating the mess.
Amazon hikes hardware prices by 60 percent, blaming memory shortage
As the memory shortage continues to cause trouble for hardware makers, Amazon says it is now being forced to pass on the costs to its consumers.
Family entertainment company WildBrain acquires Personality AI
TORONTO — Family entertainment company WildBrain Ltd. has acquired Personality AI, which uses technology to create interactive characters using generative AI.
Eleni Kounalakis explains why she should be California's next state treasurer
In a wide-ranging interview on California Politics 360, Kounalakis highlighted her background in housing, finance, and public service as key qualifications for the role.
Downtown Phoenix's 1st luxury hotel with a spa is preparing to open
So far, Denū has inked deals for business groups from the legal, automotive, sports and banking and finance industries for stays and events in the fall.
Meet the sisters who got dumped by their landlords and were down to their last £15,000 before they built an £8 million business
Annabel and Emily Lui left careers in finance and law to build Cutter & Squidge. Their next target is £10 million.
Lionel Martellini (EDHEC Quantum Institute): Why business leaders need quantum awareness, not quantum washing
Yuval Boger interviews Lionel Martellini, finance professor at the EDHEC and founding director of the EDHEC Quantum Institute.
SBA proposes overhaul of small business size standards, expanding eligibility
The SBA proposed new small business size standards that could expand eligibility for loans, contracting and federal programs.
Epic launches real-time prior authorization at four health systems
Real-time prior auth checks with United Healthcare, Network Health, Aetna, and other health insurers are being done through Epic’s API called Coverage Requirements Discovery.
Today’s Podcast Release: The “Confidence Advantage”: Why Privacy, Cybersecurity and AI Governance Are Becoming Business Imperatives
In the latest episode of the Consumer Finance Monitor podcast that we are releasing today, we explore a topic that is becoming increasingly important for
Why car dealerships are a 'hedged' business
The auto industry is cyclical, but one segment of it seems to be far more resilient to downturns: the auto dealer. Parts and service departments are responsible for about half a dealership’s profits, and finance and insurance arms can contribute nearly a quarter. Now that the affluent car buyer is showing signs of weakness, dealers are leaning more on profits and finance and insurance to drive profits. Here’s why that has worked for them in the past, and why it may be challenged in the future.
Amid federal scrutiny, Dodgers owner Mark Walter’s empire shifting billions
The filings offer a window into the finance mogul’s sports and business empire and reveal a loan tied to the MLB club has been paid off.
UNO Transitions 7 Business Concentrations to Majors
Clearly defined majors in accounting, entrepreneurship, finance, human resources management, logistics, management and leadership, and marketing will enhance how students present skills to employers.
GE HealthCare moves quickly to fill chief finance role
The Chicago-based imaging giant announced William Grogan will take over for former CFO Jay Saccaro, whose last day on the job was Aug. 14.
Amer Sports Aims Higher After Firm Beats Q2 Forecast, Raises Outlook
Amer Sports, the parent of the Salomon footwear and Arc'teryx brands, raised full-year 2026 outlook for the second time this year.
Kelsey Cook bets on herself with Netflix 'Happy Hour' that turns grief into joy
With “Happy Hour,” her self-financed Netflix debut, comedian Kelsey Cook moves from comedy clubs to a historic Twin Cities theater, betting on herself and reclaiming creative and business control.
How Brookhaven National Laboratory’s CFO finances big science
Dr. Susan McKeon explains why the financial decisions behind some of the world's most ambitious scientific research requires a different type of CFO approach.
Digital ad tax ruling raises new questions about Maryland's finances, business climate
Maryland's first-in-the-nation tax on digital advertising is facing an uncertain future after the Maryland Tax Court struck down the law, setting up a likely ap
These investors and CEOs left California and New York for Dallas
Finance and tech CEOs from California and New York are making their mark on Dallas' business community. Here's why they moved.
Business People: Jazz Hampton joins Bassford Remele law firm
LAW Bassford Remele, Minneapolis, announced that Jazz Hampton has joined the firm. Hampton is co-founder, CEO and general counsel of TurnSignl, a legal-services app, has taught entrepreneurial finance at the University of St. Thomas Opus…
Pork and politics: Canadians bring trade pitch to Iowa state fair
DES MOINES — Pork is a popular topic at the Iowa State Fair as hungry patrons mow down on barbecue and curious children gaze with wide eyes at the state's biggest pig.
Roughly 23 million Americans trapped in jobs they want to leave over one costly fear
A growing number of Americans are staying in unwanted jobs to keep their health coverage as medical debt and rising costs squeeze household finances.
Moss Point CTE Center ranks number 1 in state for business, marketing and finance
The Moss Point Career and Technical Education Center is celebrating a major accomplishment.
Kyle Cooke Shares an Update on Loverboy Today: "We're Still Surviving" (DETAILS)
Summer House's Kyle Cooke is sharing major updates on Loverboy's finances today. Read on for the business update.
REcarbonize Canada says Friends of Science Society in Response to Sustainable Finance Taxonomy Report
In response to Canada's Sustainable Finance Taxonomy report, Friends of Science Society have issued a comprehensive response that can be summarized as "REcarbonize Canada."
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UNCW Business School Students Travel to Prague for Real-Life Consulting Experience by David Glew
This article was contributed by Kestrel Smoot, International Programs Coordinator for UNCW’s Cameron School of Business. During the most recent spring semester, 33 upper-level finance and marketing students from the UNCW’s Cameron School of Business traveled to Prague, Czechia, to participate in an intensive international consulting project. Unlike traditional study-abroad programs, the Prague consultancy project focuses on real client engagement. Each year’s project is entirely new, designed through collaboration between faculty and industry partners to identify a current business challenge that students will address. This year, students worked with MAMS-Champi, a Czech non-alcoholic beverage company that is seeking to expand into other global markets. Throughout the first half of the semester, students attend class at UNCW and prepare for their time abroad by conducting preliminary research, developing analytical frameworks, and organizing themselves into specialized teams responsible for tasks such as marketing strategy, industry analysis, consumer segmentation, and competitive evaluation. The course emphasizes independence and teamwork, requiring students to take ownership of their work, manage deadlines, and collaborate across functional groups. Additionally, faculty serve as advisors, allowing students to navigate the complexities of the project much as they would in a professional consulting environment. Once in Prague, students met with company leadership, toured facilities, and refined their recommendations based on real-time feedback. The in-person component is widely regarded as the most transformative aspect of the program because students must synthesize weeks of work into a cohesive presentation and deliver it to the client, demonstrating professionalism, strategic thinking, and adaptability. Beyond the consulting work, students participated in cultural and educational activities that broadened their understanding of global business environments. They explored Prague’s historic districts, learned about Czech culture, and engaged with local professionals. These experiences helped students understand how economic, regulatory, and social factors shape market opportunities. The Prague consultancy project stands as a defining example of the Cameron School of Business’s commitment to experiential learning, consistently strengthening students’ confidence, enhancing their resumes, and serving as a focal point in job interviews. Employers recognize the value of the hands-on experience and transferable skills students gain, underscoring the program’s role in preparing industry-ready graduates for today’s fast-moving business landscape.
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Business Restructuring Review Vol. 25 No. 4 July-August 2026
In This Issue New York Bankruptcy Court: Premature Allegations of Creditor Mistreatment Insufficient to Deny Chapter 15 Recognition of Foreign Restructuring Proceeding In In re ARD Finance, S.A., No. 25-12794 (MG), 2026 WL 817458 (Bankr. S.D.N.Y. Mar. 25, 2026), the U.S. Bankruptcy Court for the Southern District of New York was presented with a petition seeking chapter 15 recognition of Luxembourg's recently enacted bankruptcy law governing judicial reorganization proceedings. The court granted the petition, turning aside challenges to recognition voiced by a creditor group arguing that recognition should be denied based upon allegations of unfairness to creditors in the Luxembourg proceeding that would make recognition manifestly contrary to U.S. public policy. According to the bankruptcy court, recognition was warranted because: (i) the rules and procedures governing the proceeding under Luxembourg law were fundamentally fair; (ii) the petition otherwise satisfied chapter 15's recognition requirements; and (iii) the creditor group's allegations were premature, given the fact that the Luxembourg court presiding over the debtor's restructuring proceeding had not confirmed a restructuring plan, and all creditors had the right to participate fully and voice their objections in the proceeding (including the right to appeal an order approving a plan). [read more …] Florida Bankruptcy Court Examines Scope of Discovery in Chapter 15 Cases In In re Banco Master, S.A., No. 25-24568-SMG, 2026 WL 931729 (Bankr. S.D. Fla. Apr. 6, 2026), the U.S. Bankruptcy Court for the Southern District of Florida granted in part and denied in part post-recognition motions filed by an insider of a foreign debtor seeking to bar or limit discovery sought by the debtor's foreign representative concerning allegedly voidable transfers involving the debtors' U.S. real property. According to the court: (i) although chapter 15 includes its own discovery provisions among the relief that may be granted to a foreign representative, the expansive discovery available in cases under other chapters of the Bankruptcy Code is also available in chapter 15 cases; (ii) the discovery sought by the foreign representative was permissible; (iii) discovery regarding matters that were the subject of a pending adversary proceeding had to be undertaken under the more restrictive rules applicable to such proceedings; and (iv) a discovery request would be barred to the extent that it sought production of documents or testimony from a subpoenaed entity that exceeded the geographic limitations specified in such rules. [read more …] Delaware District Court Affirms Chapter 15 Recognition Order Enforcing Nonconsensual Third-Party Releases In U.S. Int'l Dev. Fin. Corp. v. Credito Real S.A.B. de C.V. SOFOM, E.N.R. (In re Credito Real S.A.B. de C.V. SOFOM, E.N.R.), 677 B.R. 192 (D. Del. 2026), appeal filed, No. 26-2356 (3d Cir. June 5, 2026), the U.S. District Court for the District of Delaware affirmed a bankruptcy court order granting chapter 15 recognition to a Mexican "concurso mercantile" proceeding and enforcing nonconsensual third-party releases approved by the Mexican court. Agreeing with the bankruptcy court that the releases were not manifestly contrary to U.S. public policy, the district court concluded: "It is well settled that U.S. bankruptcy courts can give effect to foreign orders in recognized foreign proceedings pursuant to the authority granted in Chapter 15, even when those orders contain relief unavailable under U.S. law. [The appellant's] arguments misconstrue the Supreme Court's narrow holding in Purdue, applicable in Chapter 11 cases, as well as the statutory framework of Chapter 15 and its core policy objectives. Accordingly, I will affirm the Enforcement Order." The ruling has been appealed to the U.S. Court of Appeals for the Third Circuit. [read more …] Fifth Circuit: Bankruptcy Court, Not State Court, Had Jurisdiction to Allow or Disallow Administrative Expense Claim In Storey Minerals Ltd. v. EP Energy E&P Co., LP (Matter of EP Energy E&P Co., LP), 169 F.4th 609 (5th Cir. 2026), the U.S. Court of Appeals for the Fifth Circuit affirmed lower courts' rulings disallowing a creditor's administrative expense claim. It also rejected the creditor's argument that, because the claims were predicated on state law, a state court should adjudicate the merits of the state law causes of action before the bankruptcy court could allow or disallow the claim as an administrative expense. According to the Fifth Circuit, even though the causes of action were based on state law, the bankruptcy court had jurisdiction to determine whether the creditor's claims should be conferred with administrative expense priority in the debtors' chapter 11 case. [read more …] New York Bankruptcy Court: Dismissal of Involuntary Chapter 11 Case Filed Prior to Commencement of Foreign Restructuring Proceeding Unwarranted In In re Xinyuan Real Estate Co. Ltd., No. 25-10745 (PB), 2026 WL 592250 (Bankr. S.D.N.Y. Mar. 3. 2026), the U.S. Bankruptcy Court for the Southern District of New York considered the bona fides of an involuntary chapter 11 petition filed by certain holders of U.S. dollar-denominated notes against a holding company for a group of Chinese property development companies that filed a restructuring proceeding in the Cayman Islands after the noteholders filed the involuntary chapter 11 petition. The court denied the debtor's motion to dismiss the chapter 11 case. Given the timing of the filing of the Cayman Islands restructuring proceeding, the absence of any progress in the proceeding for seven months, the debtor's need to restructure notes governed by U.S. law, and the debtor's lack of any meaningful contacts to the Cayman Islands, dismissal of the chapter 11 case was unwarranted under the applicable provision of the Bankruptcy Code, international comity, or the doctrine of forum non conveniens. [read more …] Bankruptcy Court Evaluates Trustee's Authority to Sell Avoidance Actions and Right of Target Defendants to Object In In re Law Enf't Officers Sec. Union, No. 24-70277-JAD, 2026 WL 560452 (Bankr. W.D. Pa. Feb. 27, 2026), a chapter 7 trustee sought court approval to sell certain avoidance actions to a creditor of the debtor's estate. Potential targets of the subject avoidance actions objected, arguing that such claims were nontransferable powers of the trustee rather than saleable estate property and urging the court to approve their competing settlement with the trustee. The U.S. Bankruptcy Court for the Western District of Pennsylvania disagreed with the potential defendants, holding that they lacked standing to object to the proposed sale, that avoidance actions are indeed estate property, and that the sale—rather than the settlement—best served the estate's interests. [read more …] U.S. Supreme Court Bankruptcy Roundup in Brief In Keathley v. Buddy Ayers Construction Inc., No. 25-6, 2026 WL 1686028 (U.S. June 11, 2026), the U.S. Supreme Court overturned a Fifth Circuit decision judicially estopping a chapter 13 debtor from asserting a personal injury claim against a construction company because the debtor failed to disclose the claim during his bankruptcy case. In so ruling, the Court held that "[t]he Fifth Circuit erred by artificially narrowing its inquiry to whether the debtor had knowledge of the underlying facts or a potential motive to conceal the claim." It represents the first time that the Court has applied judicial estoppel in the bankruptcy context, although it has suggested in other contexts that it may be inappropriate where an inconsistent legal position resulted from "inadvertence or mistake." Also in June, the Court denied petitions for certiorari in a few notable bankruptcy cases. [read more …] Newsworthy Heather Lennox (Cleveland/New York) (Star Individual), Bruce Bennett (Los Angeles) (Senior Statesperson), Kevyn D. Orr (Washington) (Eminent Practitioner), Gregory M. Gordon (Dallas) (Band 1), Carl E. Black (Cleveland), Corinne Ball (New York) (Senior Statesperson), Brad B. Erens (Chicago), Jeffrey B. Ellman (Atlanta), T. Daniel Reynolds (Cleveland), and Dan T. Moss (Washington/New York) were recognized as leading lawyers in the practice area Bankruptcy/Restructuring in the 2026 edition of Chambers USA: The World's Leading Lawyers for Business. The 2026 edition of Lawdragon 500 Leading Bankruptcy and Restructuring Lawyers ranked the following lawyers: Corinne Ball (New York) (Hall of Fame), Bruce Bennett (Los Angeles), Carl E. Black (Cleveland), Jeffrey B. Ellman (Atlanta), Brad B. Erens (Chicago), Gregory M. Gordon (Dallas), Heather Lennox (Cleveland/New York), Joshua M. Mester (Los Angeles), and Kevyn D. Orr (Washington). Fabienne Beuzit (Paris) and Jasper Berkenbosch (Amsterdam) were among the "Leading Individuals" ranked in the 2026 edition of The Legal 500 EMEA guide in the field of Restructuring and Insolvency or Insolvency. Rodolphe Carrière (Paris) was named a "Next Generation Partner" in the practice area Insolvency. Sid Pepels (Amsterdam) was selected by Global Restructuring Review's 40 under 40 2026. He was identified as a Rising Star within the global cross-border restructuring community. Global Restructuring Review is a leading digital subscription service, news outlet, and information platform dedicated exclusively to cross-border insolvency and corporate restructuring law. Fabienne Beuzit (Paris), Rodolphe Carrière (Paris), and Isabelle Maury (Paris) were recognized in the 2027 edition of The Best Lawyers in France™ in the practice area Insolvency and Reorganization Law. An article written by Corinne Ball (New York) titled "Comity and Fairness are Critical to Granting Additional Assistance under Chapter 15: A Canadian Reverse Vesting Order and Related Releases in Proceedings Involving Canadian and U.S.-Affiliated Companies Are Approved" was published in the June 24, 2026, edition of the New York Law Journal. An article written by Caitlin K. Cahow (Detroit) titled "New York Bankruptcy Court Weighs In on Adequate Assurance of Future Performance under Assigned Leases and Chapter 11 Plan Exculpation Provisions" was published on June 8, 2026, in Lexis Practical Guidance. An article written by Trisha L. Mowbray (Real Estate; Chicago) and Ryan Sims (Washington) titled "Chapter 11 Plan that Abridged Non-Debtor Lessee's Rights to Remain in Possession After Rejection Unconfirmable as Having Been Proposed in Bad Faith" was published on June 16, 2026, in the Harvard Law School Bankruptcy Roundtable. An article written by Dan T. Moss (Washington/New York), Corinne Ball (New York), Isel M. Perez (Miami), and David S. Torborg (Washington) titled "Texas Bankruptcy Court Adopts Barnet Rule Requiring Foreign Debtor to Have U.S. Assets to Be Eligible for Chapter 15 Relief" was published on June 10, 2026, in Lexis Practical Guidance. An article written by Daniel J. Merrett (Atlanta) and Nathaniel Parr (Atlanta) titled "Southern District of Texas Clarifies Post-Purdue Course for Consensual Third-Party Releases and Gatekeeping Provisions" was published on June 11, 2026, in Lexis Practical Guidance. An article written by Corinne Ball (New York) titled "LMEs, Sophisticated Investors and Equitable Mootness: The Fifth and Third Circuits Warn Against Testing the Limits of Chapter 11" was published in the June 2026 issue of the American Bankruptcy Institute Journal. Nicholas J. Morin (New York) was quoted in an article titled "Serta Ruling Offers Damages Road Map in Lender-on-Lender Disputes," published by Bloomberg Law on July 7, 2026. The article discussed U.S. Bankruptcy Judge Christopher Lopez's July 7, 2026, ruling that participating lenders in Serta Simmons Bedding's 2020 non-pro rata uptier exchange breached the credit agreement's ratable-sharing provision, and awarding excluded lenders more than $261 million in damages. The opinion resolves six years of litigation related to Serta's 2020 transaction, where it raised $200 million in new financing and exchanged $1.2 billion of term loans for $875 million in superpriority debt. Judge Lopez found that the debt-for-debt exchange constituted a "payment" under the credit agreement, requiring proportional sharing among lenders, and dismissed various defenses raised by the participating lenders. The case is Serta Simmons Bedding LLC v. AG Centre Street Partnership (In re Serta Simmons Bedding LLC), 2026 WL 1968535 (Bankr. S.D. Tex. Jul. 7, 2026). The New York Law Journal has recognized Andrew M. Butler (New York) as a 2026 "Rising Star" in Restructuring/Bankruptcy as part of the New York Legal Awards. The Rising Star category recognizes New York's most promising lawyers age 40 and under who have distinguished themselves through exceptional legal work, leadership, and contributions to the profession. Lawyer Spotlight: Daniel J. Merrett Dan Merrett, a partner in the Atlanta Office, has spent nearly 20 years representing all manner of stakeholders in complex corporate restructurings and chapter 11 reorganizations. His practice extends to related transactions and disputes involving acquisitions; divestitures; credit facilities; securities; environmental obligations; and vendor, employee, and governance matters. Dan has substantial experience managing mass tort liabilities, including the restructurings and related chapter 11 cases of affiliates of Georgia Pacific and Johnson & Johnson, implemented to resolve asbestos and talc liabilities. He also represents key parties in energy and infrastructure matters, including facility owners, EPC contractors, and joint-venture parties. Dan was a key player in the restructuring teams in the historic bankruptcies of the City of Detroit and Chrysler. His other significant representations in chapter 11 cases include AFA Foods, Alpha Natural Resources, Dana Corporation, M&G Chemicals, McDermott International, Monster/CareerBuilder, Transtar Industries, and Westinghouse. He is licensed in both the United States and England & Wales and recognized in restructuring by Chambers USA and Best Lawyers.