Did Supreme Court Nominees Lie to Congress?

Photo: Sarah Silbiger / Getty Images One media narrative congealing after this week’s Supreme Court leak is that President Trump’s nominees lied to Congress by claiming they would not overturn the abortion precedent of Roe v. Wade. So allow us to check the tape — and explain why respecting past decisions does not bind the … Read more

Teva CEO Sees a Final Opioid Settlement Coming This Year

Text size Teva CEO Kåre Schultz has been predicting a national opioid settlement for years. Christopher Goodney / Bloomberg Teva Pharmaceutical Industries CEO Kåre Schultz has, for years, been predicting and hoping for an imminent end to the company’s opioid litigation troubles. In November 2019, he called a resolution of opioid litigation by the end … Read more

Who Is Archegos Fund Manager Bill Hwang?

Archegos Capital Management founder Bill Hwang and Chief Financial Officer Patrick Halligan were indicted on securities fraud and racketeering charges Wednesday for what prosecutors said was a massive fraud and manipulation scheme that nearly jeopardized the US financial system. Archegos collapsed in March 2021 in one of the most dramatic meltdowns on Wall Street in … Read more

Judge Holds Donald Trump in Contempt, Imposes Sanctions for Noncompliance in New York Probe

Former President Donald Trump has said New York’s civilian probe targeting him and his business is politically motivated.Photo: Chris Seward / Associated Press Updated Apr. 25, 2022 5:51 pm ET A New York judge on Monday held Donald Trump in contempt of court and fined him $ 10,000 a day for what he said was … Read more

Mysteries: Don Winslow’s ‘City on Fire’ Review

Don Winslow’s latest combustible crime chronicle, “City on Fire,” takes place in Providence, R.I., in the 1980s. Here a crew of Irish crooks and a family of Italian criminals maintain a cooperative business arrangement; they conduct their affairs in the watchful shadow of Boston and New York syndicates who would love to take over their … Read more

Coinbase’s stock selloff is ‘way overblown’ for these reasons, analyst says

Shares of Coinbase Global Inc. sank toward another record low Monday, even as bullish analyst Owen Lau of Oppenheimer attempted to debunk the bears’ reasons for selling the crypto-trading platform. The stock COIN, -1.45% fell 3.8% in midday trading, putting it on track for the eighth loss in nine sessions, and the third record low … Read more

Elon Musk and Twitter: What Happens Next

Text size Tesla founder and CEO Elon Musk could continue to face legal questions over his new stake in Twitter. Win McNamee / Getty Images Elon Musk’s back and forth with Twitter took another turn this week after a shareholder filed a lawsuit alleging that the billionaire entrepreneur violated securities laws in the way he … Read more

Wells Fargo to Pay to Settle Lawsuit Over Its 401 (k) Plan

Wells Fargo has agreed to pay $ 32.5 million to settle a two-year-old case involving alleged self-dealing with the company’s 401 (k) plan. Wells Fargo, which had previously sought to dismiss the lawsuit last February, agreed to the settlement without admitting any wrongdoing. Victor J. Blue / Bloomberg The lawsuit, which dates to March 2020, … Read more

Mortgage delinquencies rose for the first time in 9 months. What does that mean?

More homeowners are late on their mortgage payments. What does that mean? Getty Images / iStockphoto Mortgage delinquencies are on the rise. Indeed, in February, the national delinquency rate rose for the first time in 9 months, largely driven by a 97,000 rise in early-stage delinquencies – or those that were 30 – 60 days … Read more

Bitcoin Prices Steady After Crypto Heist. A Prominent Whale Is Getting Bigger.

Text size Bitcoin prices have held onto recent gains. Rutmer Visser / Dreamstime Bitcoin and other cryptocurrencies were mostly steady on Wednesday, holding onto recent gains and shaking off pressure on the sector from a major digital asset heist. Bitcoin, the leading cryptocurrency, was down less than 1% over the past 24 hours but holding … Read more