Upside Foods announced that they were letting go of 26 of its staff and restructuring its executive and leadership teams to delegate processes more directly to staff due to legislative, regulatory, and financial issues.
Legal & Regulatory
Fintech Bankruptcy Locks Out 100,000 Americans With $265 Million in Deposits
The collapse of Synapse has left over 100,000 Americans with $265 million in deposits frozen since May 11, exposing flaws in fintech's reliance on third-party banking partnerships and prompting urgent calls for resolution from lawmakers.
Joe Biden Rule Extending Overtime Protections to 1 Million More Workers Goes Into Effect: Are You Qualified?
One million American workers whose wages are below the median individual pay will now be eligible for overtime protections, according to President Joe Biden.
Philadelphia Woman Charged for Stealing COVID-19 Relief Funds From Florida to Pay for Brazilian Butt Lift
A Philadelphia woman was charged for allegedly stealing COVID-19 relief funds intended for a Florida city to pay for a cosmetic procedure known as a Brazilian butt lift.
Mexico's Sinaloa Drug Cartel Members Found Citi ‘Favorable’ for Money Laundering: Report
US officials said that drug traffickers for Mexico's Sinaloa cartel chose to launder money through Citi.
Latest News
Kanye West, now known as Ye, and his Yeezy brand are facing a lawsuit filed by eight former employees alleging harassment and discrimination.
A federal appeals court has permitted the US Education Department to implement a plan reducing monthly student loan payments.
Silvergate Bank agreed to pay $63 million to settle state and federal investigations following the collapse of crypto exchange FTX.
Thames Water, Britain's largest water supplier, faces investigation after approving a £150 million ($198 million) dividend despite losing £500 million in pledged funding and debts.
The European Commission alleged that Meta violated digital laws under the Digital Markets Act (DMA) with its subscription-based ad-free model, and $13.5 billion in fines could be imposed.
Activists and the Information Commissioner's Office criticized the Environment Agency of England for refusing to disclose potential conflicts of interest among its directors related to water companies.
Australia is the first country to implement the toughest anti-vaping laws, requiring a doctor's prescription to purchase nicotine vapes from pharmacies in limited flavors to curb nicotine use.
An 83-year-old Colorado man was found guilty in the brutal killings of his wife and disabled daughter after he lost his job.
Two New York City men are facing money laundering charges following a traffic stop in Illinois that uncovered $250,000 hidden under their car's carpet.
