[Follow live updates on the upcoming meeting between President Biden and China’s leader, Xi Jinping.] For decades, American banks have been eager to expand their business in China, the world’s second-largest economy. They’re finally getting their way — just as a spiraling corporate debt crisis threatens to rock the country’s financial system and China’s central […]

  Erin Griffith Kevin Downey, Holmes’s lawyer, is cross-examining Eisenman. Raising his voice a bit asking about his investment experience and about his conversations with Holmes. Pointing out that Eisenman only had one short call with Holmes before investing.   Erin Griffith Eisenman emails again asking for more info about potentially selling his shares. Balwani’s […]

Mr. Trump’s critics filed lawsuits against him, arguing that business that the hotel received from foreign governments violated the so-called emoluments clause of the Constitution, which prohibits federal officials from taking gifts or payments from other governments. Mr. Trump’s company said that it voluntarily did not solicit business from foreign embassies, given the potential accusations […]

What’s Up? (Nov. 7-13) G.E. Is Breaking Up. So Is J.&J. On Tuesday, General Electric said it will spin off its health care division in early 2023 and its energy business a year later. Only its aviation division will remain. The 129-year-old company’s breakup marks an end to an era of global conglomerates. Other large […]

Then there was a 35-year-old tech worker in Long Beach, Calif., who bought a house in Round Rock for $300,000 last October. By January 2021, it was worth roughly $400,000; in February, he bought two more. His winning bids were two of dozens that his real estate agent, a former equities trader who now works […]

This is a path that many experts recommend against. “The first thing we tell people is absolutely not to tap into their retirement account,” said Elizabeth Isele, the founder and chief executive of the Global Institute for Experienced Entrepreneurship. Though Ms. Edwards is younger than the entrepreneurs over age 50 the institute is devoted to, […]

“Based upon the information on the public record, and the history of alleged mental health issues, I am shocked that the conservatorship was terminated without a current mental health evaluation,” said Victoria J. Haneman, a trusts and estates law professor at Creighton University. “I had no doubt that a clear path to termination would be […]

ImageJohnson & Johnson announced it would become two companies, one of them focused on consumer products like its baby powder, and the other on drugs and medical devices.Credit…Mike Segar/Reuters By Michael J. de la Merced Johnson & Johnson said on Friday that it would break itself up into two publicly traded companies, in the latest […]

Rocketing inflation has become a headache for U.S. consumers, and President Biden has a go-to prescription. He says a key way to help relieve increasing prices is to pass a $1.85 trillion collection of spending programs and tax cuts that is currently languishing in the Senate. A wide range of economists agree with the president […]

He also called on governments, drug companies and others to “step up” vaccine distribution efforts around the world. “The theory that this is transitory is starting to get long in the tooth …” Ken Griffin of the financial giant Citadel said rapidly growing inflation was one of his biggest worries. He said that the Fed […]