Disgraced investor Sung Kook “Bill” Hwang was sentenced to 18 years in prison on Wednesday for fraud and market manipulation in connection to the stunning collapse of Archegos Capital Management. US District Judge Alvin Hellerstein announced the sentence in Manhattan federal court, months after a jury convicted Hwang in July on 10 criminal charges including wire fraud, securities
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Some McDonalds locations in the US are not serving espresso drinks because the machines have been disabled over safety concerns, CNN reported on Wednesday. The manufacturer, Melitta, told its customers there was a safety issue with the $3,000 espresso makers. McDonalds told The Post it quickly decommissioned the machines after Melitta flagged the issue. The
President-elect Trumpon Wednesday announced the sale of a limited number of “45” guitars on his social media site. “Coming Soon! The Limited Edition 45 Guitar. Only 1,300 of each Acoustic and Electric Guitars MADE Some personally signed!” Trump wrote on Truth Social. The “American Eagle” series of guitars features the “Make America Great Again” phrase
Do Canada’s sex work laws violate its constitution? A case argued before the country’s Supreme Court this month brings the question to the forefront of Canadian law. The case is Kloubakov v. Canada. It was brought by two menMikhailKloubakov andHicham Moustainewho were employed as drivers for women being paid for sex. Both men were found
Stay informed with free updates Simply sign up to the European companies myFT Digest — delivered directly to your inbox. If Charles Dickens were to rewrite A Tale of Two Cities today, he might well switch locations. To illustrate the best and worst of times in contemporary Europe, the novelist could perhaps have picked Helsinki
A rendering of the planned Calcasieu River bridge in southwest Louisiana, the state’s largest and most complex public-private partnership to date.Plenary One way to tell that the public-private partnership to replace Louisiana’s Calcasieu Bridge has gained national attention in P3 and transportation infrastructure circles? “People can actually pronounce it now the correct way,” joked Shawn
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The International Criminal Court has issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former defence minister Yoav Gallant “for crimes against humanity and war crimes”. The move is a dramatic escalation of legal
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world It is a millennia-old cliché of soldiering that you spend the majority of your time waiting around, interrupted by brief spasms of action. The same can be true of diplomacy. For a year
“God, grant me the serenity to accept the things I cannot change,” wrote Jamie Lee Curtis of her decision to leave the social media site X. The actress is among several big names to jump ship from Elon Musk’s platform this month, citing a lurch to the right, misinformation and a lack of moderation. “Tried
Enjoy complimentary access to top ideas and insights — selected by our editors. The top 10 bond counsel for healthcare deals accounted for $12.32 billion in 63 deals in the first half of 2024. Orrick Herrington & Sutcliffe topped the list with $2.05 billion across 15 deals, followed by Hawkins Delafield & Wood with $2
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world US envoy Amos Hochstein will meet Israeli Prime Minister Benjamin Netanyahu on Thursday in a renewed push by Washington to negotiate a ceasefire between Israel and Hizbollah in Lebanon. The US blueprint for
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Russia has fired an intercontinental ballistic missile for the first time since its full-scale invasion of Ukraine in 2022, following days of escalation in the conflict. Ukrainian air defence forces said the missile, which
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s competition watchdog will explore waving through more company mergers without forcing businesses to sell assets, weeks after Sir Keir Starmer claimed the agency was holding back Britain’s growth. The Competition and Markets Authority
With Israel’s air strikes still pounding Beirut and Donald Trump packing his diplomatic team with Middle East hawks, many Lebanese have pinned their hopes for peace on one man: the automotive tycoon Massad Boulos. As a Trump in-law, no other Lebanese voice is as close to the president-elect, or seemingly as well placed to win
Olaf Scholz is facing a “Biden moment” amid growing pressure from his own party to abandon his bid for a second term as German chancellor and make way for the more popular defence minister. Scholz has the backing of the Social Democratic leadership, which so far supports his bid to lead the party in its
As OpenAI raced to raise almost $7bn last month, one investor was always on hand. Thrive Capital stayed close to the AI start-up’s co-founder and chief executive Sam Altman and contributed over $1bn to a funding round that valued the artificial intelligence group at $150bn. The bet is the boldest yet for the New York-based
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. When regular companies report quarterly earnings, investors peruse them, and the shares move up, down or sideways. When those earnings come from Nvidia, however, the financial world tilts on its axis. The chipmaker’s stock dipped
US stocks were mixed at the market’s close, as investors hunkered down ahead of earnings — and outlook on the much-hyped artificial intelligence sector — from chipmaker Nvidia. Wall Street’s S&P 500 finished less than 0.1 per cent higher, with the index staging a late rally to recover from losses earlier in the session. The
€69 per month Complete digital access to quality FT journalism with expert analysis from industry leaders. Pay a year upfront and save 20%. What’s included Global news & analysis Expert opinion FT App on Android & iOS FT Edit app FirstFT: the day’s biggest stories 20+ curated newsletters Follow topics & set alerts with myFT