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.
Legal & Regulatory
IRS Recovers $1 Billion Unpaid Taxes From Wealthy Individuals Amid Budget Cut Threats From GOP
The IRS has successfully collected $1 billion in back taxes from high-wealth taxpayers under Biden's economic package, aiming to enhance tax fairness and compliance while facing potential budget cuts from Republicans.
US FTC to File Lawsuit Against 3 Biggest Prescription Drug Middlemen Over Insulin Prices: Report
The US Federal Trade Commission (FTC) is reportedly filing a lawsuit against the three biggest prescription drug middlemen over insulin prices.
UK Unveils New Stock Market Listing Rules to Simplify, Streamline the Process
As UK IPOs declined, the Financial Conduct Authority (FCA) has proposed new regulations for stock market listings.
New York Hotels Will Not Be Permitted to Use Small Shampoo and Lotion Bottles — Here’s Why
Hotel guests in New York will no longer be able to receive "hospitality care" goods like shampoo and lotion in small bottles.
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.
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.
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.
Guangzhou Duoyi Network Co. Ltd confined an employee, Liu Linzhu, to a dark room without power or communication for four days to pressure him into resigning.
Swiss authorities have banned the use of the Sarco "suicide capsule," set to debut in euthanasia clinics, citing ethical and legal concerns about the device's method.
Despite initial plans to fill OpenAI's board seats, Apple and Microsoft will exit instead to avoid regulatory concerns but will continue their collaborative partnerships.
The Federal Trade Commission (FTC) took a historic step by prohibiting the online messaging platform NGL from catering to users younger than 18.
A woman was accused of using her deceased "sugar daddy's" severed thumb to access his bank account.
