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Historic Shift Underway in China’s Economy as Investment Slump Deepens11:11 Investment in manufacturing, infrastructure and property is expected to fall this year, a remarkable turn for an economy whose growth reshaped the world. Paramount Says Money Is No Object. Warner Bros. Isn’t Convinced.11:11 Larry Ellison is backstopping Paramount’s bid for Warner Brothers, but Warner Brothers is concerned that the billionaire has not provided a personal guarantee to pay. Tech Support Scammers Stole $85,000 From Him. His Bank Refused a Refund.11:11 A retired lawyer lost the money in a tech support scam, a type of online fraud that is surging. Citibank said it couldn’t recover the funds, which criminals wired from inside his account. The Fine Art of Managing Christie’s11:11 As more people tune in for the “theater” of high-end auctions, Bonnie Brennan is trying to convert them into clients. Harold Hamm, Oklahoma Oil Tycoon, Allies With Trump to Reshape U.S. Energy11:11 Harold Hamm, an Oklahoma oil tycoon, has played a central role in reshaping energy policy by allying himself with President Trump. Fleece, Love and Vomit: New Yorkers’ Best (and Worst) SantaCon Stories9:35 The bar crawl and charity fund-raiser has been eliciting strong reactions in the city for more than 25 years. Readers shared theirs. China Is Getting Much of What It Wants From the U.S., Including Chips6:23 For China, President Trump’s moves to loosen chip controls, soften U.S. rhetoric and stay silent on tensions with Japan amount to a rare string of strategic gains. Arkansas Public Television Drops PBS3:44 The loss of federal funding forced a difficult decision, the executive director of Arkansas TV said: Cut PBS, or go off the air entirely. Calvin McDonald, Lululemon CEO, Will Depart Yoga Clothing Maker in January0:34 The maker of yoga clothing is looking for a new leader after public pressure from the company’s founder. Crypto Entrepreneur Who Caused 2022 Crash Is Sentenced to 15 Years in Prison23:30 Do Kwon, who designed the virtual currencies Luna and TerraUSD, which plunged in 2022, had pleaded guilty to fraud. Stocks Reverse Downturn to Reach a Record High22:26 The S&P 500 edged higher as investors shrugged off concerns over Oracle’s earnings. It was just enough. Bessent Accelerates Regulation Overhaul to Jumpstart Growth21:22 The Treasury Secretary unveiled changes to the Financial Stability Oversight Council to ease “overregulation.” Hollywood Director Is Convicted in $11 Million Scheme to Defraud Netflix20:50 Carl Erik Rinsch secured funding from the streaming company for a science-fiction series, “Conquest,” that was never completed. Thomas O. Hicks, Texas Money Man Who Owned 3 Teams, Dies at 7919:46 A master of leveraged buyouts, he bought baseball and hockey teams in Texas and an English soccer club, only to lose them in an avalanche of debt. What IndiGo Airline’s Meltdown Reveals About India’s Economy17:38 A tangle of problems at IndiGo, the dominant carrier, resulted in gridlocked airports across the country. Worse, it was the symptom of an even bigger problem. |
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