Stephen Gandel
Posts
As crypto swoons, Anthony Scaramucci struggles to keep investors.
The hedge fund manager, who did a brief stint in Trump’s White House, is facing a wave of redemption requests amid lackluster performance.
Goldman Sachs Beats Rivals as Traders Take Advantage of Volatility
Despite better-than-expected profit, the Wall Street giant’s leaders said they would slow hiring and review stock repurchases as the economy becomes more “uncertain.”
Archegos Sued by Former Employee for Millions in Lost Pay
A former analyst at the firm said employees were forced to contribute to a $500 million deferred compensation plan, which they were told was guaranteed.
D.E. Shaw Ordered to Pay $52 Million in Defamation Case
An arbitration settlement ends a dispute between D.E. Shaw and one of its former partners, Daniel Michalow, who was ousted over sexual misconduct allegations.
Constructive Communication Between the U.S. and China Gets Harder
Later this month, the United States and China may face another threat in their already fraught relations.
Starbucks’s C.E.O. Howard Schultz: “I Don’t Know if We Can Keep Our Bathrooms Open”
Speaking at The Times’s DealBook D.C. policy forum, Howard Schultz said safety concerns have prompted Starbucks to reconsider its 2018 policy on customer use of...
The Texas Law That Has Banks Saying They Don’t ‘Discriminate’ Against Guns
Recent legislation requires firms to declare that they don’t “discriminate” against the firearm industry — or risk losing lucrative business with the state.
Berkshire Hathaway Reports Drop in Earnings, Driven by Investment Losses
The conglomerate’s large stock portfolio lost nearly $1.6 billion in the first three months of the year. But profits at its railroad, manufacturing and retail...
Market watchers are looking for signs of a slowdown in Russian oil shipments.
The oil market is opaque, which means analysts have to look elsewhere to learn about how Russia’s invasion may be impacting its oil deliveries.
DraftKings Recruits Fewer Bettors Than Expected, Despite Freebies
The company said it lost $326 million in the fourth quarter and told investors to expect nearly $1 billion in additional losses from operations this...