Sam Bankman-Fried Sent to Jail After Judge Revokes Bail

Mr. Bankman-Fried had been under house arrest at his parents’ home as he awaited trial on charges stemming from the collapse of his cryptocurrency company, FTX.

KBRA Releases Research—KBRA-Rated CMBS and CRE CLO WeWork Exposure

NEW YORK–(BUSINESS WIRE)– #KBRA–KBRA releases research regarding WeWork Inc.’s (WeWork) exposure in KBRA-rated CMBS and commercial real estate collateralized loan obligation (CRE CLO) transactions. The largest global provider of coworking space released its Q2 2023 report on August 8. While the company reported a smaller net loss for the six months ended June 30 compared to a year earlier (-$696 million versus -$1.14 billion), the notable news was a statement regarding its ability to continue as a g

Bird Launches E-Bike Fleet in Seattle

SEATTLE–(BUSINESS WIRE)–Bird, a global leader in micro-mobility and current e-scooter operator in Seattle, is thrilled to announce the launch of their cutting-edge e-bikes in the vibrant Emerald City, continuing its mission to make cities more livable by reducing car usage, traffic, and carbon emissions. Bird’s expansion into the e-bike market in Seattle aligns with the city’s progressive transport infrastructure and commitment to sustainable transportation. The new fleet of e-bikes is expect

Tapestry, Inc. Declares Quarterly Cash Dividend

NEW YORK–(BUSINESS WIRE)–Tapestry, Inc. (NYSE: TPR), a house of iconic accessories and lifestyle brands consisting of Coach, Kate Spade, and Stuart Weitzman, announced today that its Board of Directors has declared a quarterly cash dividend of $0.35 per common share. The dividend is payable on September 25, 2023 to shareholders of record as of the close of business on September 8, 2023. Our global house of brands unites the magic of Coach, kate spade new york and Stuart Weitzman. Each of our

Computer vision pioneer Restb.ai unleashes its tech on valuations

The Valuation Product Suite is geared at modernizing the appraisal process and assisting in compliance with new Fannie Mae and Freddie Mac programs that make it easier to get loans approved without an appraisal.