Missing Billions and a Secretive CEO: The First Brands Bankruptcy
Auto-parts maker First Brands Group, the company behind products like Autolite spark plugs and Fram oil filters, declared bankruptcy last month. Court filings have revealed a trove of irregularities and a $2 billion dollar hole. WSJ’s Alexander Gladstone says the bankruptcy is having an impact on the company’s lenders and on Wall Street. Ryan Knutson hosts.
Further Listening:Â
- Trump’s Tariffs Cause Chaos in Auto IndustryÂ
- How Spirit Airlines Landed in BankruptcyÂ
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In a conversation taped at The Journal live event, entrepreneurs and influencers Vivian Tu, Haley Sacks, and Brian Kelly sat down with Jessica Mendoza to explore personal finance in the social media era; exploring everything from generational wealth to how much crypto people should have in their portfolios.
Further Listening:Â
Kathy Hochul on Mamdani, Trump and Where Democrats Went Wrong
We had so much fun in NYC, keep an eye out for more live events across the U.S. soon!
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No, Your Toll Payment Is Not Overdue
Chinese criminals have made more than $1 billion from scam text messages sent out across the U.S. and the world. The texts warn of unpaid fines and lure unsuspecting victims to fork over their credit-card details. WSJ’s Robert McMillan explains how the scheme works and why it’s been so hard to stop. Jessica Mendoza hosts.Â
Further Listening:
Pig-Butchering: A Texting Scam With a Crypto Twist
The Slaves Sending You Scam Texts
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‘Exmo’ Influencers Are Taking On Mormonism
Once among the world's fastest-growing religions, Mormonism is facing a 21st-century reckoning, driven by social media. Across Tiktok and Instagram an army of #exmo creators take on controversial aspects of The Church of Jesus Christ of Latter-day Saints’ history. WSJ’s Georgia Wells reports on the growing online #exmo community and how the church is pushing back. Jessica Mendoza hosts.Â
Further Listening:
- Why Utah Is Regulating Mom Influencers
- The Mormon Church's $100 Billion Secret Fund
Sign up for WSJ’s free What’s News newsletter.Â
Learn more about your ad choices. Visit megaphone.fm/adchoices
The most important stories about money, business and power. Hosted by Ryan Knutson and Jessica Mendoza. The Journal is a co-production of Spotify and The Wall Street Journal.
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