Jury Finds Archegos Founder Bill Hwang Guilty of Fraud and Racketeering
The 2021 collapse of Archegos Capital Management led to some $10 billion in losses for some Wall Street banks. He could spend the rest of his life in prison.
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![The sudden collapse in 2021 of Archegos Capital Management caused steep losses for the banks that had facilitated his firm’s trading.](https://cdn.statically.io/img/static01.nyt.com/images/2024/07/10/multimedia/10archegos-trial-gvtf/10archegos-trial-gvtf-thumbLarge.jpg?auto=webp)
![The sudden collapse in 2021 of Archegos Capital Management caused steep losses for the banks that had facilitated his firm’s trading.](https://cdn.statically.io/img/static01.nyt.com/images/2024/07/10/multimedia/10archegos-trial-gvtf/10archegos-trial-gvtf-threeByTwoMediumAt2X.jpg?auto=webp)
The 2021 collapse of Archegos Capital Management led to some $10 billion in losses for some Wall Street banks. He could spend the rest of his life in prison.
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Some of those grappling with high health care costs are finding ways to celebrate small wins and build a sense of community.
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When the private equity firm Carlyle bought Beautycounter, the skin care brand that people sold at kitchen tables, everything changed.
By Jordyn Holman and
Analysts warn that the Labour Party’s proposals are unlikely to be cheap and could come at the cost of jobs in the oil and gas industry.
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Samsung Union Workers Launch Indefinite Strike
The tech giant’s largest union escalated its dispute with management after failing to reach an agreement over pay and working policies.
By Jin Yu Young and
Amazon Says It Reached a Climate Goal Seven Years Early
The company said it effectively got all of the electricity it used last year from sources that did not produce greenhouse gas emissions. Some experts have faulted the company’s calculations.
By Ivan Penn and
Powell Welcomes Cooling Inflation but Wants ‘More Good Data’ Before Rate Cut
Jerome H. Powell, the chair of the Federal Reserve, delivered optimistic remarks to Senators as inflation and the job market slow gently.
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What Happens When Your Bank Isn’t Really a Bank and Your Money Disappears?
For unsuspecting depositors of online financial start-ups, the unraveling of a little-known intermediary has separated them from their life savings.
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A Wall Street Law Firm Wants to Define Consequences of Israel Protests
Sullivan & Cromwell is requiring job applicants to explain their participation in protests. Critics see the policy as a way to silence speech about the war.
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His innovative version of the chocolate chip cookie, studded with irregular pieces of dark Swiss chocolate, led to a chain of more than 100 stores worldwide.
By Florence Fabricant
The interview will air in prime-time on NBC on Monday, the first night of the Republican National Convention.
By Michael M. Grynbaum
In a news conference from aboard the International Space Station, Butch Wilmore and Suni Williams said they had confidence in the troubled spacecraft to get them home.
By Kenneth Chang
The film was supposed to hit theaters on Aug. 16, but that plan was scrapped after the first chapter of the Western saga disappointed at the box office.
By Nicole Sperling
Burkina Faso, Mali and Niger are withdrawing from a 49-year-old regional alliance that has allowed goods and nearly 400 million people to travel freely across a tightly connected region.
By Elian Peltier
Hurricane Beryl set records as the earliest Category 5 storm ever. What does that mean for the rest of hurricane season? Here’s what travelers need to know.
By Christopher Kuo
Ingrid Ciprian-Matthews, who ascended to the role last year, will be a senior adviser on coverage through the presidential election.
By John Koblin
The network’s C.E.O., Mark Thompson, has promised a more robust digital strategy as people flee traditional cable packages.
By John Koblin
The ABC anchor, in a surreptitious recording, said, “I don’t think he can serve four more years.”
By Michael M. Grynbaum
The measure aims to close a loophole that officials said allowed metals made partly in China to come into the United States duty free.
By Ana Swanson
The S&P 500 winning streak rolled on after the Fed chair made encouraging comments about inflation and the state of the labor market.
By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni
The Times wants to hear from patients and providers about medical practices affiliated with Optum, a subsidiary of UnitedHealth Group. Share your experience below.
By Chris Hamby
Intelligence officials from three countries flagged a Russian influence campaign that used artificial intelligence to create nearly 1,000 fake accounts on the social media platform X.
By Steven Lee Myers and Julian E. Barnes
A court-appointed monitor said he was looking into allegations that a union official was punished for resisting actions that would have benefited the union president’s partner and her sister.
By Noam Scheiber
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Legal maneuverings followed a Supreme Court ruling last month that denied the Sackler family immunity from liability over its role in the opioid crisis.
By Jan Hoffman
Across the country, copper and other valuable materials have been stolen from streetlights, statues and even gravesites, costing millions to repair.
By Michael Corkery and Mark Abramson
A new report estimates that the company led by Elon Musk accounted for just under half of all battery-powered vehicles sold in the second quarter of the year.
By Jack Ewing
A former employee sued the nonprofit, accusing it of denying professional opportunities because of her race and gender.
By Michael J. de la Merced
As diagnoses of autism rise, Microsoft and other large companies are working to better support autistic workers so they can thrive without “masking.”
By Steven Kurutz
A report says new approaches and increased spending are needed to ensure that government statistics remain dependable and free of political influence.
By Ben Casselman
In a report, the regulator sharply criticized pharmacy benefit managers, a turnaround from its longstanding tolerance of their practices.
By Reed Abelson and Rebecca Robbins
The president’s joined a call intended to soothe wealthy backers’ worries and tried to shift the focus to attacking Donald Trump.
By Andrew Ross Sorkin, Ravi Mattu, Bernhard Warner, Sarah Kessler, Michael J. de la Merced, Lauren Hirsch and Ephrat Livni
The company, whose pricey acquisitions kicked off a rush on catalog sales, sold its assets to Blackstone for $1.6 billion, and its outspoken leader will step down.
By Ben Sisario
The French election results point to a prolonged political logjam, which may not help a country bedeviled by high debt and slowing economic growth.
By Liz Alderman
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David Ellison is poised to soon run Paramount Pictures, among other entertainment assets. But what does that mean in a fractured cultural landscape?
By Brooks Barnes
As chronic work stress climbs, entrepreneurs find opportunity in the burgeoning space of burnout coaching.
By Martha C. White
The plane manufacturer must still resolve various legal challenges and operational problems tied to the troubled 737 Max plane.
By Niraj Chokshi, Danielle Kaye and Mark Walker
The Committee on Foreign Investment in the United States proposed a rule that would make it harder for foreigners to buy land near military bases.
By Alan Rappeport
Prosecutors and lawyers presented closing arguments in the case against Bill Hwang, who is charged with 11 counts including securities fraud and racketeering.
By Matthew Goldstein
The Biden administration is trying to get foreign companies to invest in chip-making in the United States and more countries to set up factories to do final assembly and packaging.
By Edward Wong and Ana Swanson
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