Defunct hedge fund firm Archegos Capital Management founder Bill Hwang has been found guilty of securities and market manipulation fraud which prosecutors claimed cost global investment banks billions.
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Sonic Manager Fatally Shot in Drive-Thru After Dispute With Customers Over Fake Money
A 33-year-old night manager at a Sonic restaurant in San Antonio, Texas, was tragically shot and killed during a dispute with customers over counterfeit money while working in the drive-thru.
Uniqlo’s Parent Company Projects 37.4% Quarterly Net Profit Gain
Fast Retailing, the Japanese owner of the clothing retailer Uniqlo, reported that it had a quarterly net profit of $720 million in its latest figures in May, an increase of 37.4% from the same period last year.
UK Economy Grows 0.4% in May: Official Statistics
The United Kingdom’s Office of National Statistics released the latest economic figures, which revealed that the country’s economy grew by 0.4% in May.
Alzheimer's Treatment Breakthrough: Nasal Sprays Boost Brain Health, Study Suggests
A recent study indicates that nasal sprays containing tiny lipophilic micelles may significantly enhance Alzheimer's treatment by improving cognitive function.
Latest News
The Australian state of New South Wales announced that general retail trade would be closed for the entirety of April 25 every year in commemoration of Anzac Day.
Elon Musk was held not liable for failing to pay at least $500 million in severance to thousands of Twitter employees he laid off after buying the firm.
Costco will raise membership fees starting in September, the first in 7 years. A worker pushes carts outside a Costco Wholesale store May 31, 2006 in Mount Prospect, Illinois.
Credit Gnomes addresses long-standing challenges in the property management industry by enabling property managers to report tenants' rental payment data directly to major credit bureaus—Experian, Equifax, and TransUnion. This empowers property managers to leverage credit reporting, offering solutions to these issues. This approach not only encourages tenants to prioritize rent payments but also provides them with the opportunity to build positive credit histories.
Chinese authorities are reviewing an investigative report which alleged the practice of using fuel tankers to carry cooking oil, rocking the country into a major food safety scandal.
Intuit announced it will lay off 1,800 employees as part of an AI-focused reorganization, with plans to rehire at least that many in fiscal 2025.
CNN's new CEO Mark Thompson initiated his first major restructuring effort by laying off 100 employees, marking a significant move as he attempts to revitalize the struggling cable channel.
The UK Supreme Court's ruling against British Airways on flight delays entitles passengers to compensation for cancellations due to staff illness, potentially benefiting tens of thousands annually.
A newly disclosed state report reveals that raw milk from Raw Farm in Fresno, California, has been linked to the largest salmonella outbreak in a decade, sickening at least 165 people.
