Today’s Business and Stock Market News: Live Updates – The New York Times

Ms. Holmes, who founded the blood testing start-up Theranos, is on trial for fleecing investors out of hundreds of millions of dollars and misleading patients and doctors.

After closing arguments are completed and jury instructions are given, jurors — eight men and four women — will begin deliberating whether Ms. Holmes committed 11 counts of wire fraud and conspiracy to commit wire fraud.

The government did not disagree with Ms. Holmes’s point that business failure, on its own, was not a crime, said Jeffrey Schenk, an assistant U.S.

Mr. Schenk also addressed Ms. Holmes’s accusations of abuse against her former business partner and boyfriend, Ramesh Balwani, known as Sunny.

He showed an image of a staircase with eight steps leading up to “beyond a reasonable doubt,” which jurors must reach to deliver a guilty verdict.

The move comes as some Chinese companies have already begun seeking listings on stock markets in mainland China or Hong Kong instead of New York in response to demands from Beijing for greater control of potentially sensitive data.

5, that it is prepared to cooperate with the United States and reach a series of agreements that protect investors while also shielding China’s security and other interests.

The American accounting board, a nonprofit corporation that works closely with the S.E.C., disputes that China has shown flexibility.

Politicians and their immediate families bought $267 million and sold $364 million worth of assets this year, both down on levels in 2020 despite rising markets.

Staff members in the bank’s securities division avoided oversight by discussing company business on their personal devices via text messages, the messaging service WhatsApp and personal email accounts, according to the Securities and Exchange Commission, which find the bank $125 million.

Record-keeping is “an essential part of market integrity and a foundational component of the S.E.C.’s ability to be an effective cop on the beat,” Gary Gensler, the S.E.C.

has not yet closed its investigation into JPMorgan, which found that more than 100 people, including senior managers, used personal communications to send tens of thousands of messages that were not properly retained in the bank’s systems, according to an S.E.C.

Employees including desk heads, managing directors and other senior executives sent more than 21,000 texts and emails relating to work for an investment-banking client from January 2018 to November 2019.

The JPMorgan inquiry has also prompted investigations into other financial firms’ records, the regulator said on Friday.

The strike has partly revolved around the company’s two-tier compensation system, in which workers hired after 2015 typically receive lower wages and benefits than longer-tenured workers.

“We value all of our employees.

senator from Vermont, announced plans to hold a rally Friday on behalf of Kellogg workers in Battle Creek, Mich., the location of the company’s headquarters and one of the striking cereal plants.

The executive, Dan Ammann, a former investment banker who is from New Zealand, gave up his job as G.M.’s president to take over Cruise at the beginning of 2019.

It is testing a fleet of more than 300 self-driving vehicles there and in Phoenix, according to its website.

said a Cruise co-founder, Kyle Vogt, currently the president and chief technical officer, would serve as interim chief executive — a change reflected almost immediately on Cruise’s website.

The New York Times is working on an article about customer service during the pandemic: the challenges, the bursts of rage, the confusion — and the moments of connection and humanity.

That meant inventing fresh terms as well as leaning on the classics, like disruption and road map.

Others opt for something subtler — maybe “Jude the Obscure,” which the actor Paul Rudd chose, or Thomas Piketty’s “Capital,” featured behind Transportation Secretary Pete Buttigieg.

Trading has been volatile this week, as investors absorbed changing policy stances from the Federal Reserve and its counterparts in Europe.

Tech stocks, which are sensitive to changing interest rates, have tumbled this week.

In Europe, the Bank of England and the European Central Bank also took steps toward combating inflation during their policy meetings on Thursday.

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