Finance

Jim Chanos calls suit accusing him of embezzling funds ‘baseless and defamatory’

Famed short seller Jim Chanos called a lawsuit accusing him of embezzling funds for personal use, “false, baseless and defamatory.”…

Crypto exchange Gemini returns $2.2 billion to users after pausing withdrawals 18 months ago

Customers with funds locked up in crypto exchange Gemini’s defunct crypto lending program are finally going to start getting their…

Goldman Sachs partner Beth Hammack to succeed Mester as Cleveland Fed leader

A Goldman Sachs executive and finance industry veteran will take over as the new president of the Cleveland Federal Reserve.…

Clean Energy Ventures raises $305 million to back early-stage climate startups

Clean energy stocks may be underperforming in the public market. But there is still a great appetite for companies focused…

IMF upgrades China’s growth forecast to 5% on ‘strong’ first quarter and policy measures

BEIJING — The International Monetary Fund on Wednesday raised its forecast for China’s growth this year to 5%, from 4.6%…

Chinese travelers are opting for lower-cost domestic destinations over foreign tourist spots

BEIJING — Chinese travelers are increasingly opting for cheaper domestic destinations over foreign tourist spots. Only 14% of high-income households…

Stock trade settlement moves to single day as GameStop mania underscores need for faster transactions

Years of work on Wall Street to pick up the pace of trading will be put to the test this…