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Daily Business Review

Vanished $4 Billion Brings Down Century-Old Retailer in a Week

The startling and rapid meltdown has left Brazilians with the prospect of losing a ubiquitous company known for its unmistakable red-and-white logo and holiday sales.
5 minute read

Daily Business Review

Wayfair to Cut 1,750 Jobs, 10% of Staff, After Sales Decline

Wayfair said the reductions would include about 18% of corporate employees, reflecting efforts to eliminate management layers and become more agile.
2 minute read

Daily Business Review

Stocks Bounce Thanks to Tech Rally, Fed Comments

Google parent Alphabet Inc. gained after revealing a plan to cut 12,000 jobs. Netflix Inc. surged after reporting stronger-than-expected subscriber numbers.
2 minute read

Daily Business Review

Bankrupt Genesis Owes Its Top 50 Creditors $3.4 Billion

Genesis's biggest creditor is a $766 million claim related to customers of crypto exchange Gemini, who have money stuck with Genesis's lending unit.
2 minute read

Daily Business Review

Argentina's $1B Bond Buyback Plan Has Investors Stumped

Investors point out that the government doesn't have very much room in central bank coffers to fund such a lavish buyback.
3 minute read

Daily Business Review

Jes Staley 'Personally Observed' Epstein's Abuse, Woman Suing JPMorgan Claims

Jes Staley bragged within JPMorgan about Jeffrey Epstein's value to the bank, according to a complaint.
4 minute read

Daily Business Review

Weak US Retail Sales, Factory Data Heighten Recession Concerns

The retail sales report can be difficult to draw concrete conclusions from since the data aren't adjusted for inflation and mostly only capture spending on goods.
4 minute read

Daily Business Review

US Futures Climb Amid Inflation, Retail Sales Data

Investors are focusing on indicators of growth and inflation to assess when exactly will the Federal Reserve and other major central banks halt their interest-rate increases.
3 minute read

Daily Business Review

Fight to Regulate Crypto at Crossroads as Ripple Ruling Looms

FTX's bankruptcy in November left customers and investors facing billions of dollars of potential losses, and several of the company's executives have been charged with various types of financial fraud.
7 minute read

The American Lawyer

Wilmer Hires Former New York Fed Deputy GC

Yoon Hi Greene joins the firm's financial institutions group after 23 years at the Federal Reserve Bank of New York.
3 minute read

More from ALM

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Legal Speak is a weekly podcast that makes sense of what’s happening in the legal industry.

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