The white gift bag with a cheery “Happy Birthday” printed on the side didn’t have a present in it. It had $226,000 in cash that the Sinaloa drug cartel needed laundered, authorities allege. The U.S. Department of Justice on Tuesday…
Even association with Taylor Swift couldn’t save Golden Goose’s IPO. The Italian company, known for its high-end, distressed sneakers, today shocked the market by announcing the withdrawal of its nearly €600mn flotation in Milan. This offering seemingly had everything going…
Gecko Capital’s Maunakea Emerging Markets Debt Recovery Fund has delivered an impressive 74% return over the past year, and its fund manager is particularly bullish on two South American economies looking ahead. The fund aims to make double-digital returns annually…
Embattled Boeing CEO Dave Calhoun spent two hours Tuesday trying to persuade largely skeptical senators that the beleaguered aircraft maker had committed to safety since a pair of deadly crashes six years ago. Democrat and Republican lawmakers alike grilled Calhoun at…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Federal Trade Commission said it has “uncovered reason to believe” that TikTok and its Chinese parent company ByteDance “are…
The TikTok logo is displayed at TikTok offices on March 12, 2024 in Culver City, California. Mario Tama | Getty Images The Federal Trade Commission said Tuesday that it’s referred its complaint against TikTok and Chinese parent ByteDance to the…
In America, where we tend to celebrate successful individuals who turn ideas into multi-million-dollar companies, it’s a little odd to think of a CEO—especially one heading a company as colossal as Shein—going unrecognized by his own employees. And yet, that’s…
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jeff Bezos has made his first public comments since a leadership crisis shook The Washington Post, telling the newspaper’s senior…
Aytac Unal/ | Anadolu | Getty Images Shares of Trump Media & Technology Group dropped more than 13% on Tuesday, continuing the stock’s tumble following the conviction of former President Donald Trump, the company’s majority shareholder. Trump Media shares, which…
The Oracle of Omaha has his sights on the oil industry. Berkshire Hathaway, the holding company helmed by investing titan Warren Buffett, has upped its stake in Houston-based Occidental Petroleum, buying up shares over the past nine trading days to…