Bloomberg Business

Icahn Enterprises Plunges After Cutting Payout in Half

Carl Icahn slashed his company’s quarterly payouts in half and pledged to “stick to our knitting” in another substantive move acknowledging complaints raised by short-seller Hindenburg Research earlier this year.

Giveaway by Influencer in NYC’s Union Square Sparks Chaos

Thousands of young people descended on New York City’s Union Square on Friday afternoon after a social media influencer announced a video game console giveaway, sparking chaotic scenes in which officers were hit with rocks and bottles and leaving dozens of attendees injured.

Ex-Celsius CEO Mashinsky Must Face Civil Fraud Suit in New York

Former Celsius Network Ltd. Chief Executive Officer Alex Mashinsky, whose once high-flying crypto lender went bankrupt last year, was ordered by a New York judge to face a civil fraud lawsuit filed by New York’s attorney general.

Goldman Sachs Analyst Died of Drowning, Father Says

Goldman Sachs Group Inc. analyst John Castic died of drowning and there were no signs of foul play, his father said, citing conversations with the New York City coroner’s office and police detectives.

Wall Street Giants Expect $8.9 Billion Hit From Bank Failures

The biggest US lenders expect to pay almost $8.9 billion to help replenish the US government’s bedrock Deposit Insurance Fund after it was tapped to backstop uninsured depositors at Silicon Valley Bank and Signature Bank.

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