The New York attorney general filed a civil lawsuit Thursday against the co-founder of now-bankrupt cryptocurrency lender Celsius Networks for allegedly defrauding hundreds of thousands of investors who deposited billions of dollars into the platform. The lawsuit against Alex Mashinsky alleges he made false and…

The US government is stepping into a contentious, multijurisdictional legal battle over the ownership of hundreds of millions of dollars’ worth of assets connected to the collapse of Sam Bankman-Fried’s crypto empire. The Justice Department said Wednesday that has moved to seize millions of shares…

Bed Bath & Beyond issued a grim message about its future Thursday, warning that a bankruptcy filing is a possible outcome for the company. There is “substantial doubt about the company’s ability to continue” because of its worsening financial situation, the home goods chain said…

For the first time in decades, people in Europe and North America have been forced to contend with the harsh consequences of rapid inflation. That’s meant higher grocery bills, wages that don’t stretch as far and savings that lose value. For some, it’s meant choosing…

Inflation as measured by the Consumer Price Index cooled considerably in November and is at its lowest level in almost a year. Prices rose 7.1% annually in November, down from 7.7% in October, according to the Bureau of Labor Statistics’ closely watched index, which measures…

Do Kwon, a disgraced tycoon behind the collapse of the TerraUSD and Luna coins that roiled the crypto assets market in May, is hiding in Serbia, according to South Korean prosecutors who are seeking to take him into custody. Kwon, a South Korean national, had…