In the process of attacking big law firms this week, the Trump administration hinted at another potential target: a decades-old nonprofit that helps students land jobs on Wall Street. The Equal Employment Opportunity Commission sent letters to 20 law firms on Monday demanding information on their diversity, equity and inclusion, or D.E.I., efforts. All of … Read more
Robert E. Denham, a mergers-and-acquisitions lawyer who was known for parachuting into imperiled companies and splintered board rooms and steering the organizations out of trouble, died on Saturday at his home in Pasadena, Calif. He was 79. His family said the cause was cancer. Soft-spoken, erudite and strategic, Mr. Denham had a knack for being … Read more
Britons are bracing for a burst of higher inflation for much of this year as many household bills jump next month, a revival of the cost-of-living pressures that have squeezed household budgets in recent years. Next month, the average annual energy bill is set to rise 6.4 percent as the price cap resets. Water bills, … Read more
SoftBank said on Wednesday that it had agreed to pay $6.5 billion for the Silicon Valley chip start-up Ampere Computing, doubling down on a bet that technology that originated in smartphones will come to dominate the world’s data centers. The deal also reflects the Japanese conglomerate’s belief that Ampere’s chips can begin to play a … Read more
European Union regulators on Wednesday ramped up their efforts to force Apple and Google to change key parts of their businesses, despite potential pushback from the Trump administration over the regulation of American tech companies. The European Commission, the executive branch of the 27-nation bloc, said Apple and Google had violated a law passed in … Read more
European Union regulators on Wednesday ramped up their efforts to force Apple and Google to change key parts of their businesses, despite potential pushback from the Trump administration over the regulation of American tech companies. The European Commission, the executive branch of the 27-nation bloc, said Apple and Google had violated a law passed in … Read more
America’s once highflying stock markets are stumbling, and their counterparts in Europe are faring much better. Shares in European companies have comfortably outperformed the S&P 500 in recent months, as President Trump’s trade war has prompted investors to revisit their assumptions. Officials in Brussels say that the rally could be even bigger. The European Commission, … Read more
The Trump family is said to be in talks to invest in Binance. The discussions revolve around the family taking a stake in the U.S. arm of the crypto exchange, which had pleaded guilty to violating anti-money-laundering laws and whose founder, Changpeng Zhao, served time in prison, according to The Wall Street Journal. (It’s unclear … Read more
In 2016, three New York commodities traders — Michael Intrator, Brian Venturo and Brannin McBee — fell in love with cryptocurrencies. They were using Bitcoin to bet on pool games and fantasy football and were captivated by its wild swings in price. They soon decided to create more digital currencies through a process called “mining,” … Read more
In 2009, when Nvidia held its first developer conference, the event was something of a science fair. Dozens of academics filled a San Jose, Calif., hotel decorated with white poster boards of computer research. Jensen Huang, the chipmaker’s chief executive, roamed the floor like a judge. This year, Nvidia’s developer conference is far different. More … Read more