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Sam Bankman-Fried’s Parents Explore Seeking Trump Pardon for Son
The parents of FTX co-founder Sam Bankman-Fried are exploring ways to secure a pardon for the onetime crypto billionaire from President Donald Trump, according to a person familiar with the matter.
John Miller’s New High-Yield Muni Fund Dominates Market in 2024
It’s been a banner year for high-yield municipal bonds, and in particular the category’s star money manager, John Miller, who joined First Eagle Investments in January after nearly three decades at Nuveen.
Georgia Court Removes Fani Willis From Trump 2020 Case
A Georgia appeals court disqualified Fulton County District Attorney Fani Willis and her entire office from handling the 2020 election prosecution of President-elect Donald Trump, but will allow the case to continue.
BlackRock Writes Down Flagship Renewable Fund, Overhauls Leaders
BlackRock Inc. said it’s writing down the value of one of its flagship renewable funds after two key investments for the vehicle collapsed, and it’s enlisting executives from its recently acquired Global Infrastructure Partners business to help turn around performance.
Self-Proclaimed Bitcoin Inventor Found in Contempt of Court After Lawsuit Loss
A computer scientist who falsely claims to be the inventor of Bitcoin has been found in contempt of court by a London judge for breaching several orders after a stinging lawsuit loss.
UK’s Starmer Says He Opposes Trade Tariffs in Signal to Trump
Prime Minister Keir Starmer said he’s not a fan of tariffs, a signal to Donald Trump that his UK government will oppose any move by the president-elect’s incoming US administration to erect trade barriers.
Luigi Mangione Agrees to Be Sent to NYC on Murder Charges
Luigi Mangione, the suspect in the fatal midtown Manhattan shooting of a top UnitedHealth Group Inc. executive, will be extradited to New York to face murder charges after he dropped his opposition to the move in court on Thursday.
Canadians Urged to Take Risks as Equity Deals Hit 23-Year Low
Investment bankers are urging Toronto-listed companies to buy a business or raise some money as deal volumes in Canada have fallen to their lowest levels in 23 years.
G-7 Considering Options to Harden Price Cap on Russian Oil
Group of Seven nations are exploring ways to toughen the price cap on Russian oil as they seek to better target Moscow’s ability to fund its war against Ukraine, according to people familiar with the matter.
US Existing-Home Sales Rise as Buyers Accept High Mortgage Rates
Existing-home sales in the US topped a rate of 4 million in November for the first time in six months as house hunters begrudgingly accept mortgage rates above 6%.
UAW Reaches Secret Deal With Rivian to Make Unionizing Easier
The EV maker pledged to adopt a neutral stance on UAW efforts to organize its factory workers, contingent upon the company becoming profitable.
Lilly’s US Weight-Loss Drug Shortage Ends, Curtailing Copies
Eli Lilly & Co.’s weight-loss and diabetes drugs Mounjaro and Zepbound are no longer in short supply in the US, which means compounding pharmacies must stop making copycats in the coming months.
FAA Bans Drone Flights in Parts of New Jersey
The US Federal Aviation Administration prohibited drone flights over several parts of New Jersey as public hysteria over sightings continues to persist.
Trump Would Support Abolishing the Debt Ceiling, NBC Reports
President-elect Donald Trump said Congress should get rid of the debt ceiling, NBC News reports citing a phone interview with him on Thursday.
Soho House Spikes After Receiving Premium Buyout Offer
Soho House & Co Inc. shares are soaring after the global membership platform said it received an offer to buy the company at a premium to its current market value.