Richard Kim, a former Goldman Sachs and JPMorgan Chase executive, was indicted on securities and wire fraud charges related to his alleged misappropriation of about $4 million in investor funds for his start-up online casino company, most of which he allegedly lost within a week through gambling on another site, prosecutors said Wednesday. Investors who…
Groceries are seen at a Walmart supermarket in Houston, Texas, on May 15, 2025. Ronaldo Schemidt | AFP | Getty Images As tariffs spark worries of higher prices, Walmart is dangling more discounts for its own employees. The largest private U.S. employer said Wednesday that it will offer a 10% employee discount on nearly all…
In the face of blistering criticism from President Donald Trump, Goldman Sachs economist David Mericle on Wednesday stood by a controversial forecast that tariffs will begin to hit consumer wallets. Trump lashed out at the bank in a Tuesday post on Truth Social, suggesting that CEO David Solomon “get a new Economist” or consider resigning….
A Spirit Airlines Airbus A320 taxis at Los Angeles International Airport after arriving from Boston on September 1, 2024 in Los Angeles, California. Kevin Carter | Getty Images News | Getty Images Spirit Airlines has warned it might not be able to survive a year as a going concern if it doesn’t raise more cash,…
CoreWeave‘s stock dropped 14% after the renter of artificial intelligence data centers reported a bigger-than-expected loss. In its second quarterly financial results as a public company, CoreWeave reported an adjusted loss of 27 cents per share, compared to a 21-cent loss per share expected by analysts polled by LSEG. CoreWeave’s results came as the lock-up…
An independent contractor wearing a protective mask and gloves loads Amazon Prime grocery bags into a car outside a Whole Foods Market in Berkeley, California, on Oct. 7, 2020. David Paul Morris | Bloomberg | Getty Images Amazon is rolling out same-day delivery of fresh foods to more pockets of the U.S. as it looks…
JD Vance’s U.K. trip has caused a stir, with locals staging a ‘Vance not welcome party’ on Tuesday after the U.S. vice president’s motorcade arrived in the picturesque Cotswolds. “Bullies not welcome here,” read one sign, while another called to “make America moral again.” Other placards mocked the U.S. official more directly, saying “JD Vance’s…
An aerial view shows a subdivision that has replaced the once rural landscape in Hawthorn Woods, Illinois. Scott Olson | Getty Images Homeowners are clearly looking for savings, even if it means taking on a riskier mortgage. Refinance demand, along with renewed demand for adjustable-rate loans, drove a sharp increase in overall applications last week….
The Tencent logo is displayed on the exterior of a building at the company’s headquarters, with a surveillance camera visible in the foreground, on November 30, 2024, in Shenzhen, Guangdong Province, China. Cheng Xin | Getty Images News | Getty Images Tencent on Wednesday reported a 15% jump in second-quarter revenue as a strong performance in…
Tom Farley, chief executive officer of Bullish Global, during a Bloomberg Television interview on the sidelines of the Consensus Crypto Conference in Hong Kong, China, on Wednesday, Feb. 19, 2025. Lam Yik | Bloomberg | Getty Images Cryptocurrency exchange Bullish has priced its initial public offering at $37 per share, above the expected range of…
