The retail giant Big Lots on Thursday announced it was commencing a company-wide “going out of business” sale at all of its locations, marking another major business that went belly-up during President Joe Biden’s administration.
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Vice President Kamala Harris was “proud to cast the tie-breaking vote” for the Inflation Reduction Act. Would she be proud if her administration’s solar subsidies fund supported forced labor in China?
That may be the case with Hanwha Qcells, a South Korean solar company operating in Georgia. Bloomberg recently reported that two Chinese suppliers of the company obtained polysilicon for solar panel components from companies sanctioned by the U.S. government for employing forced Uyghur labor. Hanwha and their Qcells plant leadership deny these allegations, but Bloomberg reports “that the company offers assurances but no public details of its polysilicon sourcing.”
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An electric vehicle (EV) producer that was once a splashy start-up company has filed for bankruptcy.
Fisker filed for Chapter 11 bankruptcy on Tuesday after trying and failing to secure more investment to stay afloat, the company announced. The company once attracted robust interest and hype, marketing itself as the Apple of vehicles, but it struggled to run as a public company and was stuck with thousands of EVs that it did not sell, according to The Wall Street Journal.
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Former Trump attorney Rudy Giuliani filed for bankruptcy Thursday in New York, citing that he has up to $500 million in liabilities, according to a new court filing that comes after he was ordered to pay $148 million in the defamation case filed by Georgia election workers.
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Soros Fund Management (SFM) and other investors will buy Vice Media for about $225 million after the media company filed for bankruptcy protection Monday.
The digital media company was once valued at $5.7 billion, but is now relying on funds from bidders to continue operations until its sale is finalized in the next two to three months, according to a Monday press release. SFM was founded and is chaired by left-wing billionaire and philanthropist George Soros and is the principal asset manager for the Open Society Foundations, of which Soros is the founding chair.
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