China Fines Deloitte $308 Million over Audit Failings
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Renegade Partners Nets $128 Million as Smaller Funds Have Their Moment
The average size of a U.S. venture fund in the first quarter of this year was $105 million, a 34% fall from all of last year and its lowest level since 2017.The Wall Street Journal - World -
Bill Romanowski files for bankruptcy as government seeks $15.5 million in back taxes
Former NFL linebacker Bill Romanowski has filed for bankruptcy after he was sued by the Department of Justice for $15.5 million in unpaid federal taxes.Yahoo Sports - Sports -
Malaysia Ex-Premier’s Son Plans $100 Million Africa Investment
Yahoo News - World -
DOJ charges 'Bitcoin Jesus' with $48 million tax fraud, seeks extradition
The IRS has tried to become more sophisticated in tracking alleged Bitcoin financial crimes.CNBC - Business -
UnitedHealth CEO tells lawmakers the company paid hackers a $22 million ransom
Senators questioned UnitedHealth Group CEO Andrew Witty on Wednesday about a cyberattack on its subsidiary Change Healthcare.CNBC - Business -
DOJ charges ‘Bitcoin Jesus’ with $48 million tax fraud, seeks extradition
The Justice Department unveiled criminal tax fraud charges this week against a prolific bitcoin investor named Roger Ver.NBC News - Top stories -
Financier Robert Day'sLavish Los Angeles Mansion Lists for $150 Million
The roughly 15,000-square-foot Bel Air estate would be among the country’s priciest home sales this year if it sells for that priceThe Wall Street Journal - World -
A Penthouse With a ‘Little Garden of Eden’ Is Listed at Nearly $5 Million
David Saint, a theater director and a producer of the 2021 film version of “West Side Story,” is selling his duplex with a wraparound terrace in the East Village.The New York Times - Lifestyle -
Biden administration gives more than $26 million in clean energy grants
The Biden administration said Wednesday that it will give more than $26.9 million in grants in support of clean energy projects across the country. “Energy efficient upgrades are a surefire way to bring down costs and shore up resiliency for ...The Hill - Politics - Joe Biden -
How to Claim Your Part of a $5.6 Million Ring Settlement
The Federal Trade Commission is sending payments to customers who had certain Ring home security cameras and accounts during a particular time period, the agency said.The New York Times - Tech -
Insurer to Make $350 Million Payout in Baltimore Bridge Collapse
The check from Chubb would be the first large payout in what will likely be a yearslong wrangle over who bears the $1 billion-plus estimated cost of the bridge’s collapse.The Wall Street Journal - World -
MLB fans in some cities lost access to Bally Sports regional networks after Comcast and Diamond failed to reach a new carriage deal.
MLB fans in some cities lost access to Bally Sports regional networks after Comcast and Diamond failed to reach a new carriage deal.The Wall Street Journal - World - MLB -
A New York judge fined Trump $9,000 and threatened to jail him for repeatedly violating an order restricting what he can say publicly about potential witnesses in his hush-money trial.
A New York judge fined Trump $9,000 and threatened to jail him for repeatedly violating an order restricting what he can say publicly about potential witnesses in his hush-money trial.The Wall Street Journal - World - New York -
HSBC’s Quinn hands his successor a China challenge
Prospects of a quick pay-off from the country look increasingly remoteFinancial Times - Business - China -
China Has a Controversial Plan for Brain-Computer Interfaces
China's brain-computer interface technology is catching up to the US. But it envisions a very different use case: cognitive enhancement.Wired - Tech - China -
China Vanke Shares Slump After Soft Results
The property developer’s shares slumped after it posted soft first-quarter results amid continuing pressure in China’s property sector.The Wall Street Journal - Business - China -
Hamas and Fatah Officials, Longtime Rivals, Met in China
The Chinese government did not say when the talks between the main Palestinian factions were held. Expectations for progress were low.The New York Times - World - China -
China Has Crossed Biden's Red Line on Ukraine
The president warned Xi not to provide ‘material support’ to Russia. Will there be consequences?The Wall Street Journal - World -
FirstFT: Police storm Columbia University campus and remove pro-Palestinian protesters
Also in today’s newsletter, Fed decision day and Berkshire after BuffettFinancial Times - World -
Why Xi Jinping is afraid to unleash China’s consumers
The pressure on Beijing to find a new growth model is acute but the president seems resistant to deeper economic reformFinancial Times - World - China -
Beijing Braces for a Rematch of Trump vs. China
Officials are preparing for the potential of more turbulent U.S. relations and another trade war should Trump get re-elected.The Wall Street Journal - World - China -
Why Xi Jinping is afraid to unleash China’s consumers
The pressure on Beijing to find a new growth model is acute but the president seems resistant to deeper economic reformFinancial Times - Business - China -
Metals Fall Ahead of Fed Policy Decision
Metal prices traded lower, with gold falling back below $2,300, as traders further temper expectations on the timing of U.S. interest-rate cuts this year.The Wall Street Journal - World - Federal Reserve -
Beijing tightens grip on China social media giants
Yahoo News - World - China -
Highway collapse in China leaves at least 24 dead
A section of a highway collapsed early Wednesday in southern China, sending cars tumbling and leaving at least 24 people dead, according to state media.NBC News - Top stories - China -
China Brings High-Elevation Hydropower Project Online
Yahoo News - World - China -
At least 48 dead after highway collapse in China
A long section of a highway collapsed Wednesday in southern China, killing at least 48 people and injuring dozens more.CBS News - World - China -
At least 24 dead after highway collapse in China
State media reported that a long section of a highway collapsed Wednesday in southern China, killing dozens.CBS News - Top stories - China -
China’s rail authority applies to join OTIF
Yahoo News - World - China -
Delusions of strong-arming China into compliance are dangerous
The current U.S.-China predicament is a complex accumulation of 50 years of interaction and interdependence.The Hill - Politics - China -
Giant Pandas Are Returning to San Diego, China Announces
“Panda diplomacy” has represented an area of cooperation between the United States and China despite tension over weighty issues of trade and national security.The New York Times - Business - China -
Giant Pandas Are Returning to San Diego, China Announces
“Panda diplomacy” has represented an area of cooperation between the United States and China despite tension over weighty issues of trade and national security.The New York Times - Top stories - China -
Death toll rises to 48 in China highway collapse
The death toll climbed to 48 on Thursday as search efforts continued in southeastern China after a highway section collapsed in a mountainous area.NBC News - Top stories - China -
Tesla signs mapping deal with Baidu in China
Yahoo News - World - China -
Pinterest’s stock soars 17% on big revenue and profit beat, 500 million monthly active users
Pinterest Inc.’s stock soared in extended trading Tuesday following quarterly results and revenue guidance that exceeded Wall Street estimates.MarketWatch - Business -
The Affordable Connectivity Program Ends Today. Millions of Americans Might Lose Internet Access
The Affordable Connectivity Program—a federal benefit that provides discounts on high-speed internet access to low-income Americans—ends on April 30. Here's what happens next.Wired - Tech -
Ex-Cowboys WR Michael Gallup reportedly signing 1-year, $3 million deal with Raiders
The Cowboys released Michael Gallup earlier this spring after he posted his worst season in the league last fall.Yahoo Sports - Sports - NFL -
TD Bank Sets Aside $450 Million for Possible U.S. Anti-Money Laundering Penalties
Canada’s second-largest bank by market capitalization said the provision is related to talks with one U.S. regulator.The Wall Street Journal - World -
DJT: Trump receives 36 million shares of Trump Media worth $1.8 billion as earnout bonus
The shares were part of a contractual "earnout bonus" that Trump's eponymous media company agreed to shortly before it went public in March.CNBC - Business - Donald Trump -
How a post falsely claiming migrants are registering to vote spread to millions in four weeks
A false narrative suggesting that over half a million migrants had illegally registered to vote in swing states shows how quickly misinformation can spread.NBC News - Politics