Saturday's attack is the biggest on Saudi oil infrastructure since Saddam Hussein's invasion of Kuwait in 1990.Energyread more
Saudi Aramco is aiming to restore by Monday about a third of its crude output that was disrupted after drone attacks on two key oil facilities, The Wall Street Journal...Marketsread more
"Blaming Iran won't end disaster. Accepting our April '15 proposal to end war & begin talks may," Zarif said on Twitter.Energyread more
Oil prices are expected to jump as much as $10 per barrel after a coordinated drone strike hit Saudi Arabia's largest oil field, forcing the kingdom to cut its oil output in...Marketsread more
Apple's new iPhones can still send texts, download apps, and make video calls, but the company spends a lot of time and effort marketing its new phones as powerful photography...Technologyread more
The trucking industry is worth hundreds of billions of dollars per year. Uber is going after this market with Uber Freight, an online platform that matches truckers with...Technologyread more
Some U.S. manufacturers say tariffs, if targeted, will help address longstanding unfair trade practices like intellectual property theft.Traderead more
Supporters of a $15 minimum wage ballot initiative in Florida argue the state's inflation-tied pay hikes have not gone far enough.2020 Electionsread more
Saudi Arabia shut down half its oil production Saturday after drone strikes hit the world's largest oil processing facility in an attack claimed by Yemen's Houthi rebels.Politicsread more
Trusii's hydrogen water machines were supposed to help users with their health problems, but customers claim the company is involved in a giant scam.Technologyread more
The decoupling of the world's two weightiest economies seems as inescapable as its extent and global impact remains incalculable.Politicsread more
Curtis James Jackson III, the rapper better known as 50 Cent, filed for bankruptcy on Monday.
Documents filed in Connecticut Bankruptcy Court showed Jackson's total assets were listed in the range of $10 million to $50 million. He listed total liabilities in the exact same range.
The chapter 11 bankruptcy filing comes days after a jury ruled that Jackson must pay $5 million to a woman suing over a sex tape that was posted without her permission, according to the Associated Press. (Tweet This)
"This filing for personal bankruptcy protection permits Mr. Jackson to continue his involvement with various business interests and continue his work as an entertainer, while he pursues an orderly reorganization of his financial affairs," Jackson's attorneys said in a statement.
The bankruptcy may come as a shock to some considering Jackson's savvy business ventures and his status as one of hip-hop's wealthiest artists. Forbes has pegged his net worth in past at up to $155 million.
A sale of the rapper's stake in VitaminWater netted him about $100 million after taxes when Coca-Cola purchased the beverage brand in 2007.
After a sense of frustration with Beats Electronics, the headphones company co-founded by Dr. Dre and later bought by Apple, 50 Cent founded his own competitor SMS Audio in 2011. When Jackson appeared on QVC in 2012 the company sold more than $175,000 worth of headphones in nine minutes.
In a more recent venture, Jackson closed a $78 million deal at the end of 2014 with FRIGO Revolution Wear to promote men's underwear.
Read More 50 Cent signs $78M underwear deal
But filing for bankruptcy doesn't necessarily mean the Grammy award-winning rapper is out of money, according to Leon Bayer, bankruptcy attorney at Bayer Wishman & Leotta.
"Chapter 11 is the drug of choice for celebrity debt problems," he said. "You don't have to be broke to file for chapter 11, but it could mean you don't have good cash flow."
Whether or not that is the case will be made more clear sometime in the 14 days Jackson has to file his debt payment plan or "schedules," which could reveal intimate financial details.
"When he files schedules it's going to show all the details of his debts, assets, even whether or not he paid his gardener on time," Bayer said.
Intentionally or not, Jackson's bankruptcy will also put a roadblock between the $5 million he was ordered to pay and the woman winning her sex tape case was set to receive.
"It tells them they aren't going to get a check anytime soon, so why not sit back down at the negotiating table," he said.
Jackson's spending and business activity—including any salary drawn for himself—could be subject to the scrutiny and approval of bankruptcy court pending the review of Jackson's filing.