Morgan Stanley will pay $249 million to settle criminal, SEC block trade probes
Morgan Stanley has agreed to pay a total of $249 million to settle a criminal investigation and a related Securities…
Bill Ackman is creating an activist organization to fight antisemitism, reform higher education
Hedge fund billionaire Bill Ackman, who recently fought a high-profile battle against Harvard University, said Friday that he’s starting an activist…
Wholesale prices unexpectedly fall 0.1% in December in positive inflation sign
Wholesale prices unexpectedly declined in December, providing a positive signal for inflation, the Labor Department reported Friday. The producer price…
Wells Fargo posts higher fourth-quarter profit, helped by higher interest rates and cost cutting
Wells Fargo shares fell Friday even after fourth-quarter profit rose from a year ago, as the bank warned that net…
BlackRock buys infrastructure investor Global Infrastructure Partners for $12 billion
BlackRock, the world’s biggest asset manager, announced Friday it is buying Global Infrastructure Partners for about $12 billion in cash…
Chinese rival to Apple’s Vision Pro raises $70 million, doubles down on new strategy to win consumers
BEIJING — Chinese augmented reality glasses and software company Rokid this week announced it raised 500 million yuan ($70 million)…
China’s annual exports drop for the first time in seven years
BEIJING — China’s annual exports fell for the first time in seven years in 2023, even as shipments in December…
Shipping boss says ongoing Red Sea disruption could have ‘significant consequences’ for global growth
Ongoing disruption to trade flows through the Red Sea could hit global economic growth, the head of one of the…
