Evergrande, China’s largest property developer, is on the verge of extinction after a Hong Kong court ordered its liquidation, citing the company’s inability to restructure its $300 billion debt. Once China’s largest seller of real estate, the company flourished by preselling apartments to middle-income Chinese. However, within the last few years, it found itself on…

Protests outside Paris continued on Monday, Jan. 29, as farmers demanding lower fuel prices, higher wages, and fewer regulations brought in heavy farm equipment to block major roadways. Combines, tractors, and other large vehicles could be seen rolling into position in protest of government policies farmers say threaten their livelihoods. European leaders contend that the…

Wayne LaPierre, the longstanding leader of the National Rifle Association (NRA), announced his resignation Friday, Jan. 5, days before the start of a corruption trial in New York scrutinizing his leadership. LaPierre held the position of executive vice president and CEO at the NRA since 1991. The effective date of his resignation is Jan. 31,…

The death toll in Gaza rises above 20,000, according to local health officials. And the speaker of the House writes a letter to the president urging him to take executive action on the border crisis. These stories and more highlight The Morning Rundown for Friday, Dec. 22, 2023.   Health ministry says Gaza death toll surpasses 20,000…

Rite Aid, the pharmacy chain that filed for bankruptcy in October, is now facing another issue. It has been banned for five years from using artificial intelligence facial recognition technology for surveillance purposes to settle charges by the Federal Trade Commission. However, we fundamentally disagree with the facial recognition allegations in the agency’s complaint. Rite…

Citing the 14th Amendment, the Colorado Supreme Court ruled former President Donald Trump is ineligible to run again. And Rite Aid is accused of recklessly using AI technology on its customers. These stories and more highlight The Morning Rundown for Wednesday, Dec. 20, 2023. Colorado Supreme Court disqualifies Trump from 2024 ballot Former President Donald…

Late Monday, Nov. 7, WeWork, the office-sharing company, announced it has filed for Chapter 11 bankruptcy protection. The company said it intends to trim “non-operational” leases. “Now is the time for us to pull the future forward by aggressively addressing our legacy leases and dramatically improving our balance sheet,” said David Tolley, WeWork CEO. “We…

Former President Donald Trump delivers his testimony in the civil fraud trial. And WeWork, once valued at $47 million, files for bankruptcy. These stories and more highlight The Morning Rundown for Tuesday, Nov. 7, 2023. Donald Trump testifies in civil fraud trial Former President Donald Trump took the stand on Monday, Nov. 6, in his…

Sam Bankman-Fried, the founder of the cryptocurrency exchange FTX, was found guilty on all charges in his monthlong fraud and conspiracy trial on Thursday, Nov. 2, nearly a year after his company filed for bankruptcy. Bankman-Fried, 31, founded FTX, an exchange that allowed customers to buy and sell digital assets like Bitcoin. According to Forbes,…

The House has approved a $14.3 billion aid package for Israel. And for those who don’t tip when ordering from DoorDash, the company has a warning for you. These stories and more highlight The Morning Rundown for Friday, Nov. 3, 2023. House approves $14.3 billion aid package for Israel Secretary of State Antony Blinken  arrived in Israel on…