Bill Hwang, founder of collapsed family office Archegos Capital Management, has been arrested by US authorities and charged with racketeering, fraud and market manipulation. The indictment released on Wednesday accuses Hwang, 58, and former chief financial officer Patrick Halligan, 45, of using archegos as an “instrument of market manipulation and fraud” with “considerable consequences for…
An indictment was released today accusing Sung Kook (Bill) Hwang, the founder and head of a private investment firm known as Archegos, and Patrick Halligan, Chief Financial Officer of Archegos, racketeering conspiracy, securities fraud and wire fraud offenses in connection with interrelated torts. schemes to illegally manipulate the prices of publicly traded securities in Archegos’…
AUSTIN, Texas — An enzyme variant created by engineers and scientists at the University of Texas at Austin can break down environmentally strangling plastics that typically take centuries to degrade in hours to days. This discovery, published today in Nature, could help solve one of the world’s most pressing environmental problems: what to do with…
It’s been a tough year for an investor, and the wealthy are no exception. Losses in the stock and bond markets this year have made portfolio conversations between Wall Street investment advisers and clients more difficult. The most conservative portfolios performed as badly if not worse than the riskiest portfolios, with bonds offering little protection….
Since Elon Musk’s takeover, prominent conservative figures have seen massive increases in Twitter followers – with many wondering if this reflected a sudden lifting of long-suspected shadowbans. Donald Trump Jr. led the way by questioning the giant spike, which saw him gain 87,296 new subscribers on Tuesday – and another 119,022 at the start of…
Placeholder while loading article actions Elon Musk is using his powerful Twitter account to support right-wing users who have strongly criticized two company executives, exposing them to the masses online who have joined in the attacks. It started with a tweet on Tuesday from political podcast host Saagar Enjeti, responding to a Politico report that…
At the time the rate locks were issued for these transactions, mortgage rates were still around 3.2%. By Wolf Richter for WOLF STREET. Home prices have soared — including about 30% or more in Phoenix, Tampa and Miami year over year — according to the S&P CoreLogic Case-Shiller Home Price Index today. But this madness…
Elon Musk will have to pay Twitter a $1 billion termination fee if it doesn’t complete its $44 billion acquisition of the social network, announced Monday, according to a new filing with the SEC. The filing, which details the terms of the agreement, says Twitter would have to pay the same fee under specific circumstances….
Twitter spokesperson Trenton Kennedy said Gadde got emotional while discussing the impact of her team and the pride she feels in them. Sources confirmed that she spoke at length about how proud she was of the work done by her team and encouraged employees, urging them to keep striving to do a good job at…
U.S. stocks were trading sharply lower on Tuesday afternoon, failing to capitalize on the rebound from the previous session, as investors scanned a series of corporate earnings reports and awaited earnings reports expected after the bell. tech giants including Microsoft Corp. and Alphabet Inc., parent company of Google. How are stock market indices changing? The…
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