Faraday Future founder files for Chapter 11 bankruptcy

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Faraday Future founder files for Chapter 11 bankruptcy

Faraday Future’s founder and former CEO Jia Yueting has filed for Chapter 11 bankruptcy in Delaware court in a bid to satisfy his myriad debts in China. The Chinese tycoon claims he still owes around $3.6 billion to more than 100 creditors, thanks, in large …
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McLean County Board panel seeks to resolve Treasurer-Auditor power struggle

In a statement released last week, Anderson said there's been no change in accounting policies or systems. She said she's using the same system
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Asian stocks gain after US, China announce truce on tariffs

BEIJING — Asian stock markets have risen after Washington and Beijing announced a truce on tariff hikes in a trade war. Benchmarks in Shanghai, Hong Kong and Seoul advanced. Japanese markets were closed for a holiday. President Donald Trump …
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What Happens When a Vacuum Company Tries to Make an Electric Car

The low point in the tour of Dyson’s electric car development lab came when, instead of actually providing a tour of the lab, the company’s engineers whipped out a hair styler. The Airwrap’s use of aerospace-inspired physics, they said, was evidence that their …
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After Market Turmoil, Fed Will Grow Balance Sheet Again

The Federal Reserve said Friday that it would buy more government-backed securities in a move meant to keep an obscure but critical corner of financial markets functioning smoothly. The central bank said that it had decided to begin buying Treasury bills …
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