A federal judge ordered an end to the SEC’s 16-year-old lawsuit over Allen Stanford’s $7.2 billion Ponzi scheme, directing the financier and two former colleagues to pay sums that will go largely uncollected.
Read More US SEC case over massive Allen Stanford fraud ends, judge orders fines
Hedge fund stock-pickers lost billions of dollars on Monday in a rout in global technology shares sparked by the emergence of a low-cost Chinese AI model.
Read More HEDGE FLOW Stock hedge funds post big one-day drop in DeepSeek rout, say Goldman data
Boeing said it was making progress on increasing plane production, despite the company recording its biggest annual loss in four years.
Read More Boeing stock rallies 6% on plane progress after $11.8-billion annual loss
Starbucks is set to report its fourth straight quarter of comparable sales decline in what could be another blow for efforts to revive demand at the struggling coffee chain.
Read More Starbucks sales set to drop again as investors wait for turnaround
Firms reported boosting hiring, supporting the Federal Reserve’s cautious approach to cutting interest rates this year.
Read More US business activity at nine-month low in January; hiring accelerates
Catastrophe risk modeling firm KCC is estimating insured losses of about $28 billion from the Los Angeles wildfires, making them the costliest wildfires in U.S. history.
Read More LA fire insured losses estimated at $28 billion, KCC says