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• Auto parts company First Brands shocked Wall Street when it filed for bankruptcy last year.
• Now, federal prosecutors have charged founder Patrick James and his brother with bank fraud.
• Jefferies and UBS are among the financial firms with exposure to First Brands.

The founder of an auto parts company whose bankruptcy rattled Wall Street and prompted a debate

Apple shared its latest quarterly financial results today and the news is once again very, very good for the Cupertino company. The quarter ending December 27, 2025 marked "the best-ever quarter" for iPhones, which generated a record high revenue of nearly $85.27 billion for the business. Apple doesn't disclose the number of devices sold any more, but even with the prices for many of its latest

• A judge urged MrBeast and his burger business partner to settle their legal dispute to avoid a costly trial.
• YouTuber Jimmy Donaldson and Virtual Dining Concepts are suing each other over their ghost kitchen venture.
• The judge also

• Jeffrey Epstein victims accused Bank of America and BNY of facilitating his sex-trafficking venture.
• A judge allowed parts of the case against Bank of America to move forward.
• The judge tossed the entire case against BNY.

Sex trafficking victims of Jeffrey Epstein scored a

The National Center for Missing and Exploited Children said it received more than 1 million reports of AI-related child sexual abuse material (CSAM) in 2025. The "vast majority" of that content was reported by Amazon, which found the material in its training data, according to an investigation by Bloomberg. In addition, Amazon said only that it obtained the inappropriate content from external

The US is now leading a global surge in new gas power plants being built in large part to satisfy growing energy demand for data centers. And more gas means more planet-heating pollution.

Gas-fired

• Michael Selig, chair of the Commodity Futures Exchange Commission, has praised prediction markets.
• He said Thursday his agency would rescind a warning it published last fall about sports contracts.
• Kalshi argues that just the CFTC can regulate its offerings. States claim it's violating gambling laws.

The chairman of the Commodity Futures Trading

• SpaceX: Very valuable company controlled by Elon Musk.
• xAI and Tesla: Other very valuable companies controlled by Elon Musk.
• Elon Musk's companies routinely feature overlapping tech, employees, and investors. So why potentially merge some?

Elon Musk