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The Democrat-backing multimillionaire founder of a “climate-friendly banking” startup — whose celebrity investors included Leonardo DiCaprio, Orlando Bloom and Drake — was arrested by federal authorities this week for allegedly conspiring to defraud investors. Joseph Neal Sanberg, a 45-year-old Orange County, Calif. resident who billed himself as an “anti-poverty advocate,” was taken into custody on … Read more

A California company’s dried lily flowers have been recalled because they may contain undeclared sulfites, according to the U.S. Food and Drug Administration. The FDA and Hayward, California-based U.S. Trading Co. announced the recall of Joy Luck brand dried lily flowers on Tuesday, March 4. “People who have an allergy or severe sensitivity to sulfites run the risk of … Read more

Red Robin is the latest in a growing number of fast-food eateries planning to shutter underperforming locations following a spate of financial difficulties. The chain on Wednesday announced it is weighing plans to potentially close 70 locations once their lease expires, as it attempts to turn around its operations. The company has already closed one … Read more

Activist investors have a new obsession: Urging companies to hold (or HODL, as crypto enthusiasts say) Bitcoin on their balance sheets to boost revenue and possibly transform their businesses by betting on the cryptocurrency’s staying power. Last week, Strive Asset Management CEO Matt Cole revealed on X he was pushing GameStop — the beloved meme … Read more