Why are Chapter 11 bankruptcies increasing?
Several big companies have announced Chapter 11 bankruptcy filings in recent months and legal and business experts are breaking down what's contributing to the spike in filings.
Recommended Stories
TechCrunchFisker plans more layoffs as cash dwindles and bankruptcy looms
Fisker says it's planning more layoffs less than two months after cutting 15% of its workforce, as the EV startup scrambles to raise cash to stay alive. Fisker expects to seek bankruptcy protection within the next 30 days if it can't come up with that money, according to a U.S. Securities and Exchange Commission regulatory filing. Fisker said in the filing that it's currently trying to raise money to pay off a loan that it defaulted on in order to avoid bankruptcy.
- Engadget
X is using Grok to publish AI-generated news summaries
X is using Grok to publish AI-generated summaries of news and other topics that trend on the platform.
- Yahoo Life Shopping
This 'beautiful' 11-piece Carote nonstick cookware set is a steal at $60 — that's a clean 50% off
The nonstick, non-toxic pots and pans produce even results and clean up easily, according to nearly 10,000 five-star fans.
- Yahoo Tech
This digital photo frame is one of the best gifts I've ever given — and it's 50% off for Mother's Day
Load it up with pics before you wrap it, and take your rightful place as her favorite child.
- Yahoo Movies
Intimate 'Challengers' scenes set the internet ablaze. So, what makes for a great movie kiss?
"Challengers" might be a movie about tennis, but people can't stop talking about its kissing scenes.
- Yahoo Sports
The Lakers firing Darvin Ham was a predictable move. So ... now what?
Perhaps it was the right time to let go of Ham. But who looks at this Lakers roster and sees a championship team? Or a championship contender? Not in this NBA.
- Yahoo Personal Finance
Aer Lingus Visa Signature Card review: Earn a lucrative welcome bonus and companion ticket
Along with an 85,000-point welcome bonus, cardholders can earn a companion ticket each year.
- Yahoo Life Shopping
This $12 No. 1 bestselling solar bird bath will leave Mom's heart aflutter — and it's over 30% off
How about a Mother's Day gift that will make her heart soar?
- Yahoo News
Southeast Texas flooding: photos capture water rescues of people and pets and severe damage to homes
Southeast Texas has been hit with heavy rains and rising rivers, leading to school closings, high-water rescues and mandatory evacuation orders in some areas. Here's a look at the situation unfolding in the region through photos.
- Yahoo Personal Finance
What to do after a car accident: Your step-by-step guide
See what to do after a car crash and how to get started documenting the accident and filing an insurance claim.
- TechCrunch
Instagram now lets you post a secret Story that viewers can uncover with a DM
Instagram is adding a handful of new features for Stories to give users more creative ways to share content and engage with each other, the company announced on Friday. Most notably, the social network is introducing a new "Reveal" feature that lets you post a hidden Story for your followers to uncover by sending you a DM. Instagram is also launching other features that let you share your favorite songs and highlight memories via Stories.
- TechCrunch
X launches Stories, delivering news summarized by Grok AI
X, formerly Twitter, is now using Elon Musk's AI chatbot Grok to power a feature that summarizes the personalized trending stories in the app's Explore section. See what the world is talking about with Stories on X, curated by @grok.
- Yahoo Life Shopping
Here's how to drink more water, according to an expert — and gear that might help, starting at $10
Many of us have trouble staying hydrated, especially as we age, but the consequences are no joke.
- TechCrunch
Cloud revenue accelerates 21% to $76 billion for the latest earnings cycle
If you were concerned about slowing cloud infrastructure growth for a time in 2023, you can finally relax: The cloud was back with a vengeance this quarter. The market as a whole was up a healthy $13.5 billion to $76 billion, up 21% over the first quarter in 2023, per Synergy Research. If you’re wondering what’s driving the growth, you probably guessed that it's related to generative AI and the copious amount of data required to build the underlying models.
- Yahoo Life Shopping
'Scored major points with my wife': This classic Kate Spade bag is a Mother's Day win at almost 70% off
Save nearly $240 on a timeless crossbody that's versatile enough to be her everyday sidekick.
- Yahoo Personal Finance
Top credit card offers for May 2024: Boosted welcome bonuses, new card designs, and more
These are the best credit card bonuses and offers available right now.
- Yahoo Sports
Who will be the No. 1 pick in the 2024 MLB Draft? These 8 college players each have a legitimate case
The Cleveland Guardians will be choosing from an elite crop of hitters, pitchers and even one two-way player.
- Engadget
Instagram's 'Add Yours' sticker now lets you share songs
Instagram has released some new interactive stickers for use in Stories. One of these is a “Reveal” sticker that blurs content, so people have to DM the creator to get it unlocked.
- TechCrunch
EQT snaps up API and identity management software company WSO2 for more than $600M
WSO2, a company that provides API management and identity and access management (IAM) services for enterprises, has been acquired by Swedish investment giant EQT. Terms of the deal were not disclosed, but TechCrunch has learned via sources that the deal values WSO2 at "more than" $600 million, with EQT attaining a "significant majority" stake for the price. WSO2's products include an open source API manager, comparable to something like Google's Apigee, which businesses use for building and integrating all their digital services, either in the cloud or on-premises.
- TechCrunch
Allozymes puts its accelerated enzymatics to work on a data and AI play, raising $15M
Allozymes' ingenious method of quickly testing millions of bio-based chemical reactions is proving to be not just a useful service, but the basis of a unique and valuable dataset. The company just raised a $15 million Series A to grow its business from a helpful service to a world-class resource. The company has grown to 32 people in the U.S., Europe and Singapore, and has 15 times the lab space, which it has used to accelerate its already exponentially faster enzyme-screening technique.