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By August 2025, top executives of auto lender Tricolor knew they were in trouble: The company had pledged approximately $2.2 billion of collateral to lenders and investors, but only had approximately $1.4 billion of real collateral, Manhattan federal prosecutors said on Wednesday.Founder Daniel Chu and the company’s Chief Operating Officer…
The 911 call almost didn’t happen.A McDonald’s manager in Altoona, Pennsylvania, was so skeptical that the UnitedHealthcare CEO murder suspect was sitting in the back of her restaurant that she almost didn’t make the call that put Luigi Mangione in jail, it was revealed in a state court hearing in…
Nvidia’s blockbuster earnings just brought relief to Wall Street.On Wednesday, the chip giant reported $57 billion in revenue for the quarter and delivered another blowout performance from its data center division, which brought in $51 billion, surpassing the $49.3 billion analysts projected.Nvidia also lifted its fourth-quarter guidance to expect $65…
This is an as-told-to essay based on a conversation with Jake Bullock, the cofounder and CEO of Cann, a THC-infused beverage company. As part of the funding bill to reopen the government, Congress passed restrictions on hemp, set to take effect in November 2026, that would effectively ban many hemp-derived…
Ford’s CEO had an EV wake-up call after tearing apart cars from Tesla and its rivals in China.Speaking on an upcoming episode of “Office Hours: Business Edition,” Jim Farley said the “shocking” realization of how far ahead Elon Musk’s automaker and China’s EV upstarts were pushed him to overhaul the…
