Wyatt McDonald - President of Coinfully

WYATTE GRANTHAM-PHILIPS

WeWork seeks bankruptcy protection in stunning fall for a company once valued close to $50 billion

WeWork has filed for Chapter 11 bankruptcy protection. It marks a stunning but anticipated fall for the office sharing company once seen as a Wall Street darling that promised to upend the way people went to work around the world.

FILE - A sign for WeWork is displayed at their office in the borough of Manhattan in New York, Aug. 9, 2023. Trading in shares of WeWork were halted Monday as rumors that the office sharing company will seek bankruptcy protection. (AP Photo/Ted Shaffrey, File)

WeWork stock halted as rumors swirl about bankruptcy preparations for the office sharing company

Trading in shares of WeWork has been halted as rumors swirl that the office sharing company, once valued as high as $47 billion, will seek bankruptcy protection. The specter of bankruptcy has hovered over WeWork for some time.

Anthony Collier, 54, and other striking United Auto Workers members picket Saturday, Oct. 28, 2023, outside the Stellantis Sterling Heights Assembly plant in Mich. (AP Photo/Corey Williams)

Autoworkers are the latest to spotlight the power of US labor. What is the state of unions today?

From auto production lines to Hollywood, the power of labor unions is back in the national spotlight. But despite historic strikes and record contract negotiations seen this year, there’s still a lot stacked against organizing today.

FILE - In this Jan. 16, 2019, file photo, Cruise AV, General Motor's autonomous electric Bolt EV is displayed in Detroit. General Motors’ Cruise says it's suspending its driverless operations nationwide as the robotaxi service works to rebuild public trust. The announcement, Friday, Oct. 27, 2023, arrives just days after California regulators revoked Cruise’s license — after determining that its driverless cars, which recently began transporting passengers throughout San Francisco, posed dangers to public safety. (AP Photo/Paul Sancya, File)

Cruise, GM’s robotaxi service, suspends all driverless operations nationwide

General Motors’ Cruise says it’s suspending its driverless operations nationwide as the robotaxi service works to rebuild public trust.

File - Bitcoin is for sale at an Automated Teller Machine at the Westfield Garden State Plaza shopping mall in Paramus, New Jersey, on March 13, 2023. The world's largest cryptocurrency soared to almost $35,000 this week, marking its highest value in nearly 18 months. (AP Photo/Ted Shaffrey, File)

Bitcoin prices have doubled this year and potentially new ways to invest may drive prices higher

Bitcoin is having another moment. The world’s largest cryptocurrency soared to almost $35,000 this week, marking its highest value in nearly 18 months.

FILE - Shoppers are silhouetted as they walk toward a Best Buy store after doors opened at 5 a.m., Nov. 26, 2021, in Lone Tree, Colo. Best Buy is saying goodbye to movie-watching with physical discs. The consumer electronics retailer plans to phase out its DVD and Blu-ray sales by early 2024 — with physical movies set to be sold in-stores and online as they are today through the holidays. (AP Photo/David Zalubowski, file)

Goodbye to more DVDs? Best Buy plans to phase out sales of physical movies in the coming months

Best Buy is saying goodbye to movie-watching with physical discs. The consumer electronics retailer plans to phase out its DVD and Blu-ray sales by early 2024 — with physical movies set to be sold in-stores and online as they are today through the holidays.

FILE - A sign outside the Internal Revenue Service building is seen, May 4, 2021, in Washington. The amount of tax money owed but not paid to the IRS is set to keep growing, according to projections published by the federal tax collection agency on Thursday, Oct. 12, 2023. (AP Photo/Patrick Semansky, File)

Gap between US income taxes owed and paid is set to keep growing, IRS says

The amount of tax money owed but not paid to the IRS is set to keep growing. For tax years 2021 and 2020, the projected gross “tax gap” soared to $688 billion and $601 billion, respectively. That marks a significant jump compared to years past.

File - Advocates for a union for Starbucks employees watch as company founder Howard Schultz leaves a hearing after testifying to the Senate Health, Education, Labor and Pensions Committee at the Capitol in Washington on March 29, 2023. Starbucks has been accused of chilling organization by closing unionized stores and firing pro-union workers. (AP Photo/J. Scott Applewhite, File)

The power dynamic in labor has shifted and pickets are seemingly everywhere. But for how long?

From auto production lines to Hollywood, the power of labor unions is back in the national spotlight. But despite historic strikes and record contract negotiations seen this year, there’s still a lot stacked against organizing today.

The exterior of the MGM Grand hotel-casino is pictured on Wednesday, Sept. 20, 2023, in Las Vegas. The cybersecurity attack at MGM Resorts last month is expected to cost the casino giant more than $100 million, the Las Vegas-based company said in a Thursday, Oct. 5, regulatory filing. (AP Photo/ Ty ONeil)

Data breach at MGM Resorts expected to cost casino giant $100 million

The data breach that MGM Resorts is calling a cyberattack is expected to cost the casino giant more than $100 million.

The Capitol is seen late Tuesday night, Sept. 26, 2023, in Washington, as lawmakers work to advance appropriations bills on the House floor. The Republican-controlled House and the Democrat-controlled Senate are starkly divided over very different paths to preventing a federal shutdown. (AP Photo/J. Scott Applewhite)

What would a government shutdown mean for me? SNAP, student loans and travel impacts, explained

With persistent gridlock in Washington, a government shutdown looks all but inevitable ahead of this weekend’s deadline.

Chase UK will soon bar its customers from making crypto transactions due to an uptick in scams

FILE - People walk on the Stanford University campus beneath Hoover Tower, March 14, 2019, in Stanford, Calif. Following a lawsuit filed Monday, Sept. 18, 2023, that alleges Stanford University received millions of dollars in donations from FTX Trading, the school said Wednesday, Sept. 20, that it will return the funds of all gifts collected from the now-collapsed cryptocurrency exchange. (AP Photo/Ben Margot, File)

Stanford says it will return all gifts from FTX following suit against Sam Bankman-Fried’s parents

Following a lawsuit that alleges Stanford University received millions of dollars in donations from FTX Trading, the school says it will return the funds of all gifts collected from the now-collapsed cryptocurrency exchange.

A package of Paqui OneChipChallenge spicy tortilla chips is seen on Thursday, Sept. 7, 2023, in Boston. Authorities are raising the alarm about a OneChipChallenge social media trend that encourages people to avoid seeking relief from eating and drinking for as long as possible after eating the chips, days after a Massachusetts teenager died hours after taking part in the challenge. The dare is popular on social media sites, with scores of people including children unwrapping the packaging, eating the chips and reacting to the heat. (AP Photo/Steve LeBlanc)

Spicy food challenges have a long history. Have they become too extreme?

A tortilla chip maker’s decision to pull its extremely spicy product sold as a “One Chip Challenge” from store shelves following the death of a Massachusetts teen has renewed attention on the popularity — and risks — of similar dares marketed by brands and spread widely online.

FILE - A sign for WeWork is displayed at the workspace-sharing office in the borough of Manhattan in New York, Aug. 9, 2023. WeWork will attempt renegotiate “nearly all” of its leases, the company said Wednesday, Sept. 6weeks after the workspace-sharing company sounded the alarm over its ability to stay in business. (AP Photo/Ted Shaffrey, File)

WeWork, shortly after warning about its future, seeks to renegotiate nearly all of its leases

WeWork says it will renegotiate nearly all of its leases, an announcement coming just weeks after the workspace-sharing provder sounded the alarm on its future ability to stay in business.

FILE - Attendees visit the Meta booth at the Game Developers Conference 2023, March 22, 2023, in San Francisco. Meta will continue to face a hefty fine over advertising practices that Norwegian regulators say violate user privacy, per a new court ruling. In July, Norway’s data protection authority, Datatilsynet, announced a “temporary ban” of behavioral advertising — a common marketing model that profiles users by collecting information like their physical locations, among other data — without adequate consent on Facebook and Instagram. (AP Photo/Jeff Chiu, File)

Court sides with Norwegian regulator’s $100K daily fine imposed on Meta over ad privacy concerns

Meta has lost a legal battle to freeze an order from Norway’s data protection authority that imposes hefty fines on the Facebook and Instagram owner over advertising practices deemed to violate user privacy.

FILE - The sign for a T-Mobile store is seen, Jan. 30, 2023, in Pittsburgh. T-Mobile plans to cut 5,000 jobs, or about 7% of its workforce, the U.S. wireless carrier announced Thursday, Aug. 24. (AP Photo/Gene J. Puskar, File)

T-Mobile will lay off 5,000 employees, or about 7% of its workforce, in the coming weeks

Wireless carrier T-Mobile plans to cut 5,000 jobs, or about 7% of its workforce. In an email to employees shared in a regulatory filing Thursday, CEO Michael Sievert said the layoffs would come over the next five weeks and impact T-Mobile workers across the country — particularly those in corporate

FILE - A sign for WeWork is displayed at the workspace-sharing office in the borough of Manhattan in New York, Aug. 9, 2023. WeWork said on Tuesday, Aug. 8, that there was “substantial doubt” on its ability to stay in business, prompting speculation around the future of the troubled workspace-sharing company. (AP Photo/Ted Shaffrey, File)

WeWork’s future: What to know after the company sounds the alarm on its ability to stay in business

WeWork said last week there was “substantial doubt” about its ability to stay in business, prompting speculation around the future of the troubled workspace-sharing company.

FILE - A Nextdoor sign is shown in a window at an office in San Francisco, May 11, 2016. Two Pinterest directors resigned from Nextdoor's board of directors earlier this month, the U.S. Justice Department said Wednesday, Aug. 16, 2023, amid the agency's broader efforts to enforce antitrust law aimed at barring executives from holding similar positions at rival companies. (AP Photo/Jeff Chiu, File)

2 Pinterest directors resign from Nextdoor’s board in response to antitrust enforcement efforts

The Justice Department says two Pinterest directors resigned from Nextdoor’s board of directors in response to the department’s efforts to enforce an antitrust law aimed at barring executives from holding similar positions at rival companies.

People queue to enter a Bank of Ireland branch in Finglas village, Dublin, Wednesday Aug. 16, 2023. Some Bank of Ireland customers were able to withdraw money they did not have Tuesday and early Wednesday, thanks to an hours-long technical glitch that also halted many of the bank’s online services. The outage allowed some customers to transfer and withdraw funds “above their normal limits,” the Bank of Ireland said. (Brian Lawless/PA via AP)

Bank of Ireland glitch allowed customers to withdraw money they didn’t have

Some Bank of Ireland customers were able to withdraw money they did not have Tuesday and early Wednesday, thanks to an hours-long technical glitch that also halted many of the bank’s online services.

FILE - A sign for WeWork is displayed at the workspace-sharing office in the borough of Manhattan in New York, Aug. 9, 2023. WeWork said on Tuesday, Aug. 8, that there was “substantial doubt” on its ability to stay in business, prompting speculation around the future of the troubled workspace-sharing company. (AP Photo/Ted Shaffrey, File)

WeWork sounds the alarm, prompting speculation around the company’s future

WeWork said last week there was “substantial doubt” about its ability to stay in business, prompting speculation around the future of the troubled workspace-sharing company.

File - Barbie is shown next to her longtime boyfriend, Ken, right, and her new admirer Blaine, an Australian boogie boarder, at the Toy Fair in New York on Feb 12, 2004. As reflected in Greta Gerwig's blockbuster movie that tackles the legacy Mattel's famous doll, Barbie has always been more popular than Ken. (AP Photo/Tina Fineberg, File)

He’s ‘just Ken’ but will the ‘Barbie’ movie change his popularity?

On and off the big screen, it’s Barbie’s world and Ken is just living in it. As reflected in Greta Gerwig’s blockbuster movie that tackles the legacy Mattel’s famous doll, Barbie has always been more popular than Ken.

Yellow Corp. trucks are seen at a YRC Freight terminal Friday, July 28, 2023, in Kansas City, Mo. After years of financial struggles, Yellow is reportedly preparing for bankruptcy and seeing customers leave in large numbers — heightening risk for future liquidation. While no official decision has been announced by the company, the prospect of bankruptcy has renewed attention around Yellow's ongoing negotiations with unionized workers, a $700 million pandemic-era loan from the government and other bills the trucker has racked up over time. (AP Photo/Charlie Riedel)

Trucking giant Yellow Corp. declares bankruptcy after years of financial struggles

Trucking company Yellow Corp. has declared bankruptcy after years of financial struggles and growing debt. It marks a significant shift for the U.S. transportation industry and shippers nationwide.

FILE - The per-gallon price is displayed electronically at the pump of a Shell station, July 5, 2023, in Englewood, Colo. The national average for gas prices stood at about $3.82 a gallon on Thursday, Aug. 3 — about 29 cents higher than that seen one month ago, according to motor club AAA. (AP Photo/David Zalubowski, File)

Gas prices are rising (again). The heat and supply cuts impact what you pay at the pump, experts say

U.S. gas prices are continuing to rise — giving drivers across the country another headache at the pump.

FILE - A sign for the Food and Drug Administration is displayed outside their offices in Silver Spring, Md., on Dec. 10, 2020. Federal regulators are warning consumers that now-recalled lots of the Tydemy birth control pill “may have reduced effectiveness” due to decreased levels of a key ingredient of the product. Lupin Pharmaceuticals, which manufactures Tydemy, notified customers on Saturday that it was voluntarily recalling two batches of the oral contraceptive — after one lot tested low for ascorbic acid. (AP Photo/Manuel Balce Ceneta, File)

Two lots of Tydemy birth control pills are under recall. The FDA warns of ‘reduced effectiveness’

Federal regulators are warning consumers that now-recalled lots of the Tydemy birth control pill “may have reduced effectiveness” due to decreased levels of a key ingredient of the product.

The per-gallon price is displayed electronically at the pump of a Shell station Wednesday, July 5, 2023, in Englewood, Colo. The national average for gas prices stood at about $3.78 a gallon on Tuesday — about 25 cents higher than that seen one month ago, according to motor club AAA. (AP Photo/David Zalubowski)

Why are gas prices rising? Experts point to extreme heat and oil production cuts

Drivers are in for another headache at the pump as U.S. gas prices continue to rise. The national average for gas prices stood at about $3.78 a gallon on Tuesday — about 25 cents higher than that seen one month ago, according to motor club AAA.

Box trailers and trucks are seen at Yellow Corp. trucking facility Monday, July 31, 2023 in Nashville, Tenn. The troubled trucking company is shutting down and filing for bankruptcy, the Teamsters said Monday. An official bankruptcy filing is expected any day for Yellow, after years of financial struggles and growing debt. (AP Photo/George Walker IV)

Teamsters say trucking giant Yellow Corp. is ceasing operations, filing for bankruptcy

Troubled trucking company Yellow Corp. is shutting down and filing for bankruptcy, the Teamsters said Monday. An official backruptcy filing is expected any day for Yellow, after years of financial struggles and growing debt.

Yellow Corp. trailers are pictured at a YRC Freight facility Friday, July 28, 2023, in Richfield, Ohio. After years of financial struggles, Yellow is reportedly preparing for bankruptcy and seeing customers leave in large numbers — heightening risk for future liquidation. While no official decision has been announced by the company, the prospect of bankruptcy has renewed attention around Yellow's ongoing negotiations with unionized workers, a $700 million pandemic-era loan from the government and other bills the trucker has racked up over time. (AP Photo/Sue Ogrocki)

Trucking company Yellow Corp. is reportedly preparing for bankruptcy. Here’s what you need to know

After years of financial struggles, U.S. trucker Yellow Corp. is reportedly preparing for bankruptcy and seeing customers leave in large numbers.

FILE - In-N-Out Burger signs fill the skyline on Tuesday, June 8, 2010, in Calif. In-N-Out is barring employees in five states from wearing masks unless they have a doctor’s note, according to internal company emails leaked on social media last week. (AP Photo/Adam Lau, File)

Masks are out at In-N-Out after burger chain bans employees from wearing them in 5 states

In-N-Out will bar employees in five states from wearing masks unless they have a doctor’s note, according to internal company emails leaked on social media last week.

FILE - The Dollar General store is pictured, Aug. 3, 2017, in Luther, Okla. Dollar General violated federal labor law and “clearly intended to interfere” with worker rights in efforts to quell unionization at a Connecticut store, a National Labor Relations Board judge said Monday, July 17, 2023. (AP Photo/Sue Ogrocki, File)

Dollar General violated worker rights and federal law amid union efforts, labor judge rules

Dollar General violated federal labor law and “clearly intended to interfere” with worker rights in efforts to quell unionization at a Connecticut store, a National Labor Relations Board judge said Monday.

Meta faces $100K daily fine from Norway regulator over privacy concerns in user advertising

Meta will face a hefty fine over advertising practices that violate user privacy, Norway’s data protection authority said Monday, unless the Facebook and Instagram owner takes action to comply with the law.