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Nike claims New Balance and Skechers stole technology for sustainable shoes in new lawsuit

Nike claims New Balance and Skechers stole its Flyknit technology, a fiber used to make shoes lightweight and supportive while being sustainable.

  • By Mary Whitfill Roeloffs

WeBankrupt: 15 notable companies to go under since 2022

WeWork joins the likes of Bed Bath & Beyond and SVB Financial as headlines of the busiest year for corporate bankruptcies since 2020.

  • By Derek Saul
  • Forbes Staff

Former billionaire Whitney Wolfe Herd out as Bumble CEO amid stock’s 80% slide

Bumble cofounder Whitney Wolfe Herd will step down as the dating app company’s chief executive, the firm announced Monday morning, as the former billionaire Wolfe Herd slides into a new role while Bumble’s growing pains as a public company continue.

  • By Derek Saul
  • Forbes Staff

WeWork shares halted amid reports of bankruptcy

Shares for the office-sharing company have fallen nearly 99% this year.

  • By Ty Roush
  • Forbes Staff

Elon Musk says new AI chatbot Grok will rival ChatGPT

Musk debuted xAI’s AI chatbot Grok over the weekend, though it is in a “very early beta” stage and only available to certain X subscribers.

  • By Robert Hart
  • Forbes Staff

Billionaires behind bars: The world’s richest who’ve served time

How Sam Bankman-Fried’s possible 110 year sentence stacks up against other ex-billionaires and billionaires who’ve served time.

  • By Devin Sean Martin

Elon Musk’s X has started selling off Twitter handles for upwards of $76,000

Rumored to be in the works for the past year, the initiative appears to have begun rolling out recently, with email solicitations being sent to potential buyers.

  • By Alex Konrad
  • Forbes Staff

Rinehart could be the world’s first lithium queen

She’s not there yet but iron ore billionaire Gina Rinehart is on her way to being crowned the world’s first lithium queen.

  • By Tim Treadgold - Contributor

Get ready for a Melbourne Cup day rate rise

Get ready for a Melbourne Cup-day rate rise was the consensus opinion from an economics panel at the Forbes Business summit in Sydney. 

  • By Stewart Hawkins
  • Managing Editor

How not to invest stupid and other smart money lessons from a Shark Tank billionaire

John Paul DeJoria went from living out of a car to becoming a shampoo and tequila billionaire. Some forty years after he struck it rich, he shares investing wisdom he’s gained along the way.

  • By Maneet Ahuja
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