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Bill Hwang, the founder of Archegos Capital Management, was convicted of manipulating stock prices and defrauding banks in a scheme that minted him a multibillion-dollar fortune before his firm collapsed in March 2021.
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The New York Times - Business
Bill Ackman Scales Back Multibillion-Dollar Fund I.P.O.
An investment fund from William Ackman aims to raise around $2 billion, according to a regulatory filing, a fraction of what was originally envisioned.4 days ago -
BBC News - Top stories
Wrongly convicted postmasters set for immediate £200k
New scheme offers immediate redress to those impaced by the Post Office scandal.4 days ago -
MarketWatch - Business
Warren Buffett sells Bank of America stock again as share price crests
Billionaire Warren Buffett reduced his ownership position in Bank of America Corp. for the second time this month as the stock continues to shine in 2024.3 days ago -
MarketWatch - Business
Money is flowing into big-bank bonds as a haven from Friday’s stock-market plunge
The market movements suggest that investors are selling stocks and putting the money into bank bonds in search of yield.9 hr ago -
The Wall Street Journal - World
GPB Capital Co-Founders Found Guilty of Fraud
Jurors found David Gentile and Jeffry Schneider guilty of securities fraud involving $1.7 billion.2 days ago -
ABC News - World
A greener getaway? Danish capital tests climate reward scheme for tourists
Tourists visiting Copenhagen this summer are encouraged to participate in unusual kinds of vacation fun, including plucking floating trash from the Danish capital’s waterways, cycling to its museums instead of going by car, or volunteering at an ...3 days ago - Climate -
The Wall Street Journal - World
Bill Ackman suspended the initial public offering of a new fund aimed at everyday investors after a lack of investor demand forced him to shrink his fundraising target.
Bill Ackman suspended the initial public offering of a new fund aimed at everyday investors after a lack of investor demand forced him to shrink his fundraising target.3 days ago -
CBS News - Top stories
Wrongfully convicted man stuck in prison despite judge's efforts to free him
Christopher Dunn has been in prison for 33 years for murder. Last week, a St. Louis judge overturned his conviction and ordered his release. However, the Missouri attorney general filed a notice of appeal with the state Supreme Court and told the ...4 days ago -
NBC News - Top stories
Scheme to steal Graceland from Elvis Presley's family set to go before federal grand jury
A federal grand jury is set to begin hearing evidence this month in the scam to steal the Graceland estate from Elvis Prelsey’s family, two sources told NBC News.2 days ago -
Financial Times - World
US regulators seek to limit asset managers’ sway over big banks
Investment groups are alarmed by efforts to curb their influence on governance and strategy at American lenders4 days ago
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The Wall Street Journal - World
Chinese Migrants Rush to Find Way to U.S. Border Before Doors Close
New measures to stem the flow of Chinese migrants into the U.S. have set off a scramble of would-be asylum seekers, with many spurred to take new risks by the possibility of a second Trump presidency.1 hr ago -
The Wall Street Journal - World
Tight Job Market Delivered Widespread Rewards. They Are at Risk.
Historically tight labor market boosted low-end pay and productivity; the latest data show the labor market is rapidly loosening.1 hr ago -
The Wall Street Journal - World
The Unraveling of a Charity's Feel-Good Story About Saving African Orphans
Jason Carney told U.S. families he was feeding malnourished babies and arranging adoptions. Two American moms started asking questions.4 hr ago -
The Wall Street Journal - World
Target-Date Funds Are Way Too Popular and Boring for These 401(k) Savers
They are the default choice for millions of retirement savers who are automatically enrolled in 401(k) plans. But some investors are moving out of them.4 hr ago -
The Wall Street Journal - World
She's the Greatest Distance Swimmer of All Time. How Long Can Katie Ledecky Keep Going?
The legendary American swimmer clinched her second gold of the Paris Olympics and 14th overall medal in the 800-meter freestyle. But the rest of the world is catching up.4 hr ago