Category: Business News

Soros Lost Nearly $1 Billion After Trump Election

Billionaire hedge-fund manager George Soros lost nearly $1 billion as a result of the stock-market rally spurred by Donald Trump’s surprise presidential election. But Stanley Druckenmiller, Mr. Soros’ former deputy who helped Mr. Soros score...

FBI arrests Volkswagen exec on fraud charges

The Federal Bureau of Investigation has arrested a Volkswagen AG (VOWG_p.DE) executive on charges of conspiracy to defraud the United States, the New York Times reported on Monday. Oliver Schmidt, who headed the company’s...