Madoff’s victims, many of whom were elderly, lost their savings without warning — cheated by a Wall Street financier who built a lavish lifestyle for himself.
Category Archives: business
Cryptocurrency platform Coinbase valued at close to $86 billion in its Nasdaq debut
Coinbase shares closed at $328.28 in their Nasdaq debut on Wednesday, giving the cryptocurrency exchange an initial market cap of $85.8 billion.
Most stimulus checks aren't going to travel and luxury goods, but groceries and rent
“For all the talk of revenge spending and pent-up demand for travel… just 13 percent of stimulus check recipients plan to spend the money on discretionary activities or nonessential items,” said one analyst.
Madoff exploited weak oversight — did regulators learn their lesson?
“We didn’t need any new rules in order to prevent Bernie Madoff from happening. We needed to enforce the old rules,” said one ethics lawyer.
Asian American-owned businesses suffer outsized toll amid pandemic
The coronavirus pandemic is hitting business owned by Asian Americans on multiple fronts.
Office landlords don't take return to work for granted
Office landlords offer everything from new filtered air conditioning systems to wine hours to compete with working from home.
Bernie Madoff, mastermind behind largest Ponzi scheme in history, dies at 82
Once hailed as a Wall Street icon, the ex-Nasdaq chairman had bilked investors out of an estimated $65 billion at the time of his 2008 arrest.
Hundreds of CEOs, celebs, corporations unite to oppose 'discriminatory' voting legislation
In addition to big companies and their leaders, the statement’s signatories include major law-firms and nonprofits.
Coinbase's blockbuster debut is 'watershed' for crypto — but there are risks ahead
Coinbase is set to go public through a blockbuster direct listing Wednesday, and investors are hailing it as a “watershed” moment for cryptocurrency.
Huge ship that blocked Suez Canal stuck again as Egypt demands $900 million compensation
The ship’s manager called the decision to “arrest” the Ever Given “extremely disappointing.”