Chinese stocks rose on Monday as investors remained optimistic that coronavirus rules would be eased, despite repeated messages from authorities that China would stay the course with “zero Covid” policies. Major U.S.-listed Chinese stocks were higher in premarket trade, with Ali Baba (ticker: BABA) rises 1.5%, JD.com (JD) 2% in the green, Tencent (700.HongKong) climbing … Read more
Before the Securities and Exchange Commission adopted a new rule last week on clawbacks, the agency and federal prosecutors had begun stepping up efforts to recover compensation from top executives whose companies run afoul of accounting rules or the law. The new SEC rule will require companies to try to recover incentive pay from executives … Read more
China’s supreme leader Xi Jinping secured a groundbreaking third term on Sunday, installing a new Politburo Standing Committee with loyalists in a clean slate not seen since the era of Communist Party founder Mao Zedong. Financial markets were rattled by expectations that Xi’s policy agenda of strengthening national security and party political security would shift … Read more
US-listed shares of China-based companies were shaken on Monday as Chinese President Xi Jinping’s move to consolidate power fueled fears that current policies that have led to a slowing economy will continue. Chinese leader Xi was named over the weekend to a third five-year term as general secretary, ignoring the custom of stepping down after … Read more
NEW YORK—Ross Mtangi, a trading executive at Credit Suisse Group AG , left his Manhattan penthouse in March 2021 with his laptop and told his pregnant partner he was going to work. He checked into a nearby hotel and tuned in to work calls. Later, he texted for cocaine from a drug delivery service. A … Read more
WASHINGTON — An appeals court’s ruling that the U.S. Consumer Financial Protection Bureau is unconstitutionally funded could undermine the agency’s work over its nearly 12-year existence, legal experts said, including rules that ensure the smooth functioning of the $13 trillion mortgage market. The decision, made by a three-judge panel of the Fifth U.S. Circuit Court … Read more
CNN — More than 4,000 current and former law students received the exciting news that they had been accepted into Northeastern University’s law school last week. There was just one problem: The acceptance letters were sent by mistake, according to the university. The university sent the “erroneous email” Monday to a total of 205 current … Read more
A version of this story appeared in CNN’s What Matters newsletter. To get it in your inbox, sign up for free here. CNN — While many of us have been distracted by weather events (Ian) and world events (Russia), there were several developments on multiple fronts as it relates to former President Donald Trump this … Read more
Photo: Getty Images/iStockphoto The electoral police are always looking for new ways to limit political speech, and their next victim may be public interest law firms. That’s now being put to the test in Texas, where the state’s ethics commission could decide Thursday whether a law firm can be barred from offering pro-bono legal help … Read more
CNN — The newest addition to former President Donald Trump’s legal team, Chris Kise, has been recused from the Mar-a-Lago documents investigation less than a month after he was hired to represent Trump in the case, two sources familiar with the matter say the move, to CNN. Kise is expected to remain on Trump’s legal … Read more