Category: Business

The collapse of Archegos Capital Management in spring 2021, which caused billions in losses for a handful of Wall Street banks, was the result of “lies and manipulation” by Bill Hwang, the firm’s founder, a federal prosecutor told a jury in Manhattan on Monday. During closing arguments, Andrew Thomas, the prosecutor, said that Mr. Hwang […]

For as long as students at colleges across the United States have protested the war in Gaza, they’ve drawn the fury of some of the financial world’s mightiest figures — investors, lawyers and bankers — who have flexed their financial power over universities, toppling school leaders in the process. It didn’t stop the students. The […]

Wall Street’s game theory As more leading Democrats say privately that President Biden should withdraw from the presidential race, some of the party’s most prominent backers on Wall Street spent the holiday weekend debating what to do next. The group — including Larry Fink of BlackRock; Robert Rubin, the former Treasury secretary; Jon Gray of […]

Every year is an Olympics year in Lausanne, Switzerland, a city of stone buildings, tile roofs and historic church squares perched on a hillside overlooking Lake Geneva. As home to the International Olympic Committee and the Olympic Museum, the city is involved year-round in championing the Games, long before and long after the official ceremonies […]

The yen’s collapse this year to a nearly four-decade low is undermining Japan’s plans for its largest military buildup in postwar history. The government has slashed orders for aircraft, and officials warn that further cuts may be imminent. Japan buys much of its military equipment from American companies, in transactions done in dollars. The government’s […]

Boeing agreed on Sunday to plead guilty to a felony charge of conspiring to defraud the federal government over two fatal crashes of the 737 Max in 2018 and 2019, according to a late-night court filing. In the deal with the department, outlined in part in the court filing, Boeing also agreed to pay a […]

After leading successful campaigns for the A.F.L.-C.I.O. and the Service Employees International Union from 1997 to 2008, Ms. McAlevey transitioned to consulting, coaching labor groups across the country on how to energize the rank and file, attract new members and fight off employers’ aggressive anti-union tactics. She also worked with immigrant rights organizations, tenant groups […]

David Ellison’s Hollywood career has been defined by high-octane blockbusters filled with suspense, stunts and improbable plot twists. But on Sunday he landed his biggest cliffhanger yet, striking a deal to merge with Paramount after months of negotiations with the company and its controlling shareholder, Shari Redstone. If the deal closes, he will be in […]

A special committee of Paramount’s board on Sunday signed off on a deal to merge with Skydance, according to two people familiar with the negotiations, setting the stage for a new era for CBS, Nickelodeon and the film studio behind the “Top Gun” and “Mission: Impossible” franchises. Shari Redstone, Paramount’s controlling shareholder, is expected to […]

Officials in President Biden’s Treasury Department have proposed new actions aimed at crippling a fleet of aging oil tankers that are helping deliver Russian oil to buyers around the world in defiance of Western sanctions. Their effort is aimed at punishing Russia but it has stalled amid White House concerns over how it would affect […]