Hedge Fund Founder Charged with Mismarking Securities

 A New York hedge fund founder was arrested Wednesday on charges that he exaggerated his company’s performance by over $200 million to impress and preserve investors. Anilesh Ahuja, 49, of Manhattan, was charged with conspiracy, securities fraud and wire fraud. Federal officials said that the founder, chief executive officer and …

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Disney Teases Possibility of More ‘Avengers’ Movies

More “Avengers” movies could be on their way, Disney said on Tuesday, following the global success of “Avengers: Infinity War,” which has smashed box office records since its release last month. Walt Disney Chief Executive Bob Iger told analysts on an earnings call that the fourth, already announced “Avengers” movie …

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US Trade Embargo Has Cost Cuba $130B, UN says

A United Nations agency said on Tuesday an “unjust” U.S. financial and trade embargo on Cuba had cost the country’s economy $130 billion over nearly six decades, coming up with the same estimate as the island’s communist government. Although many U.S. allies join Washington in criticizing Cuba’s one-party system and …

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China Cuts US Soybean Purchases

With the threat of tariffs and counter-tariffs between Washington and Beijing looming, Chinese buyers are canceling orders for U.S. soybeans, a trend that could deal a blow to American farmers if it continues. At the same time, farmers in China are being encouraged to plant more soy, apparently to help make …

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