Music Catalog Giant Hipgnosis Is Sold, and Merck Mercuriadis Exits

Six years ago, an outspoken music executive named Merck Mercuriadis kicked off a new wave of dealmaking in the industry when his company, Hipgnosis, began buying up the song catalogs of artists like Neil Young, Shakira, Justin Bieber and the Red Hot Chili Peppers. Now, Mercuriadis, who once managed Beyoncé and Elton John, is stepping […]

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Synapse Bankruptcy: When a Fintech Isn’t a Bank and Savings Accounts Are Frozen

For close to a century, putting your savings into a federally insured bank has been a sure thing: If the institution fails, up to $250,000 of your money will be protected. What if it isn’t anymore? The promise of bank insurance — a tenet of U.S. consumer protection since the Great Depression — is now […]

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Reliability of U.S. Economic Data Is in Jeopardy, Study Finds

Federal Reserve officials use government data to help determine when to raise or lower interest rates. Congress and the White House use it to decide when to extend jobless benefits or send out stimulus payments. Investors place billions of dollars worth of bets that are tied to monthly reports on job growth, inflation and retail […]

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Organizer of World Economic Forum in Davos Accused of Discrimination

A former employee of the World Economic Forum, the nonprofit organization behind the glittery annual gathering of business and political leaders in Davos, Switzerland, sued the group and its founder, Klaus Schwab, on Monday, accusing them of workplace discrimination. In a lawsuit filed in U.S. District Court in Manhattan, Topaz Smith, who is Black, said […]

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Political Gridlock Will Raise the Economic Stakes in France

One thing was clear after France’s surprise election results on Sunday: Any new government formed by President Emmanuel Macron would face months of political paralysis. What’s less certain is whether that gridlock will tip France’s heavily indebted economy further into distress. The turmoil has focused attention back on France’s ballooning €3 trillion debt and a […]

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Boeing Plea Deal Involving 737 Max: What to Know and What Comes Next

Boeing’s announcement on Sunday that it had agreed to plead guilty to a federal criminal charge as part of a deal with the Justice Department was the culmination of a yearslong crisis involving the company’s 737 Max plane. The agreement may help Boeing put to rest a federal case stemming from two fatal crashes of […]

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