The salad oil scandal of 1963 nearly destroyed American Express. A fraud involving tanks of soybean oil, water, and forged warehouse receipts cut deep into the financial system. AmEx, then a major iss...
Most business plans are forgotten. Some are laughed out of the room. In the case of Raising Cane's, the idea was graded at the bottom of the class. Todd Graves was a finance major at LSU in the mid...
Chris Collins was a sitting U.S. Congressman when he became the first to be indicted for insider trading while in office. The case centered on a small biotech called Innate Immunotherapeutics, an Aust...
In the 1970s, Harley-Davidson was on the ropes. The company, once synonymous with American motorcycles, had been acquired by American Machine and Foundry (AMF) in 1969. AMF saw Harley as a brand with ...
By 2008, Starbucks was everywhere. Thousands of stores worldwide. The "third place" between work and home. A symbol of American consumer culture. But the company was also in trouble. Too many stores, ...
In 1943, a military transport plane left Washington, D.C. carrying an unusual passenger list. On board were several judges and government officials. The plane never made it to its destination. The ...
The 1968 presidential election was one of the most chaotic in U.S. history. Richard Nixon won the White House. Hubert Humphrey finished second. But the biggest shock came from third-party candidate Ge...
America Online is ending an era. The company announced that it will be winding down its dial-up internet service. Yes, dial-up. The kind that screeches and clicks before finally connecting. F...
The Smoot-Hawley Tariff Act, passed in 1930, sharply raised US import duties on thousands of goods. The goal was to protect American industries during the early days of the Great Depression. Instead, ...
In 1786, the United States was drifting. The Articles of Confederation had created a weak national government. Economic turmoil, internal dissent, and lack of federal authority were threatening the...
Nick Begich vanished. Mid-term. Alaska's lone U.S. Representative. October 16, 1972. Cessna 310 from Anchorage to Juneau. He flew with House Majority Leader Hale Boggs, an aide and a pilot. Weather...
Ethelbert Stewart led the Bureau of Labor Statistics from 1921 to 1932. He survived four presidents. He built the Bureau into a respected source on labor conditions. By 1930, the Great Depression h...
In 1963, a man named Anthony "Tino" De Angelis nearly broke the American financial system. He wasn't a banker. He wasn't a trader. He sold salad oil. De Angelis ran Allied Crude Vegetable Oil Re...
You can now send money to the U.S. Treasury using Venmo or PayPal. That's not a joke. The Treasury Department has updated its "Gifts to Reduce the Public Debt" portal on Pay.gov to accept digita...
FINRA is preparing to rewrite the Pattern Day Trader rule. The current threshold requires $25,000 in equity. That's set to drop to $2,000. Retail investors will finally get more access. The current...