Before its demise, Enron was a large energy, commodities, and services company based in Houston, Texas. Its collapse affected over 20,000 employees and shook Wall Street. At Enron’s peak, its shares were worth $90.75. When it declared bankruptcy on Dec. 2, 2001, shares traded at $0.26...
When the scandal completely unraveled and became a public spectacle, Skilling’s involvement could not be overlooked. He was indicted on 35 counts of fraud,insider trading, and other charges related to the Enron collapse. He was ultimately convicted of one count of fraud, one count of insider ...
OceanGate CEO Stockton Rush, who was piloting the Titan when it imploded, complained in the past that regulations can stifle progress. “Bringing an outside entity up to speed on every innovation before it is put into real-world testing is anathema to rapid ...
When buying a pair of shoes, you might not necessarily do so directly from the brand. You’ll probably head over to theRoadrunnersportsorZapposwebsite, or perhaps your localFootlocker,Dickssportinggoodsor family owned running store. These stores and chains buy it from brands such as adidas and...
An investigation is underway to determine why the Titan submersible imploded, killing five people on board, while traveling to the wreckage of the Titanic. Arun Bansil at Northwestern University spoke with LiveNOW from FOX's Josh Breslow to break down how an implosion happens and how it d...
backed securities, the Fed is adding about $40 billion a month to its pile. But it is also buying mortgage-backed securities to replace the pass-through principal payments that it receives when underlying mortgages are paid off, which happens when houses are sold or when mortgages are ...
A supernova is what happens when a star has reached the end of its life and explodes in a brilliant burst of light. Supernovas can briefly outshine entire galaxies and radiate more energy than our sun will in its entire lifetime. They're also the primary source of heavy elements in th...
A recent brightening event in 2023 suggested that a supernova might be imminent, so what will we see when it finally happens? Credit: ESO/L. Calçada Key Takeaways Betelgeuse is normally the 10th brightest star in the sky, but has varied over the past five years to be as high as #...
Inflation measures the loss of purchasing power of the dollar: what the same thing costs over time. But when quality improves, such as in a car, it’s no longer the same thing, and the costs of those quality improvements are removed from the inflation index. ...