Billionaire hedge-fund manager Bill Ackman's SPAC is being sued for not operating as a blank-check firm, The New York Times first reported. The suit claims Ackman's SPAC has behaved more like an investment company than an operating company. Here's a closer look at what that means.
Top consulting firm Alvarez & Marsal just announced one of the strictest vaccine mandates yet: get vaccinated or take unpaid leave. Starting Oct. 31, employees who don't get the shot will be placed on a leave of absence, which could last up to six months. Here's everything we know so far.
Chinese stocks continued to tumble this week amid new economic data and an ongoing regulatory crackdown on US-listed Chinese companies. Firms like D1 Capital and Coatue made big bets before the market took a dive, while others, like Tiger Global Management and Sculptor Capital, trimmed their positions early - and avoided serious damage. Take a look at the winners and losers of the Chinese stock sell-off.
There's hardly been a better time to be a wealth manager: America's wealthy are getting richer, and private firms and banks are staffing up to serve these clients, who often have at least $10 million in assets. These are five of the top players on the hiring hunt.
Amid a surging mergers-and-acquisitions market, firms that provide due diligence on deals are struggling to keep up. More deals and fewer workers are putting a strain on firms like EY, which are tasked with vetting targets' financials - and they're having to turn prospective clients away as a result.
The twist? The hacker had just stolen more than $600 million from Poly Network, the firm that offered him a job. More about the hacker that stole the funds "for fun :)" and then landed a job offer.
NewsletterSIMPLY PUT - where we join the dots to inform and inspire you. Sign up for a weekly brief collating many news items into one untangled thought delivered straight to your mailbox.
Next Story
Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
One of the world's only 5-star airlines seems to be considering asking business-class passengers to bring their own cutlery
Experts warn of rising temperatures in Bengaluru as Phase 2 of Lok Sabha elections draws near
Axis Bank posts net profit of ₹7,129 cr in March quarter
7 Best tourist places to visit in Rishikesh in 2024
From underdog to Bill Gates-sponsored superfood: Have millets finally managed to make a comeback?
7 Things to do on your next trip to Rishikesh
