FTX fraudster Caroline Ellison sentenced to 2 years in prison, ordered to forfeit $11 billion
Caroline Ellison, who headed a hedge fund affiliated with doomed crypto exchange FTX, testified against her former boyfriend Sam Bankman-Fried…
Category: Economy
Koch network touts Mark Robinson’s policy positions with ‘thank you’ ads
A political network backed by billionaire Charles Koch has been quietly involved with advocating for Mark Robinson despite his controversial…
How Foot Locker is waging a comeback after its breakup with Nike
Foot Locker, long reliant on Nike for the bulk of it revenue, is winning over other brands as it transforms…
Trump threatens ‘200% tariff’ if John Deere moves production to Mexico
Former President Donald Trump, the Republican nominee, has made tariffs a key element of his campaign's economic policy. ...
Southwest Airlines tells staff ‘difficult decisions’ ahead in push to boost profits
Southwest will provide more detail about its plans to raise profits at an investor day on Sept. 26. ...
Boeing sweetens labor proposal in ‘best and final’ offer as strike enters second week
The new offer includes higher pay raises, reinstated annual bonuses and an increased ratification bonus, among other changes, Boeing said…
Boeing’s defense unit chief Colbert is departing, CEO says
CEO Kelly Ortberg said a replacement for Ted Colbert would be named later. ...
SEC says Elon Musk should be sanctioned if he keeps dodging Twitter depositions
The SEC asked a federal judge to sanction Elon Musk if he continues to delay a deposition regarding his 2022…
Constellation Energy to restart Three Mile Island nuclear plant, sell the power to Microsoft for AI
Constellation described the agreement with Microsoft as the largest power purchase agreement that the nuclear plant operator has ever signed.…