Investments and Business

Another start-up founder is going to prison for overstating his company’s performance to investors.Manish Lachwani, who last year pleaded guilty to three counts of defrauding investors at his software start-up, HeadSpin, was sentenced to one and a half years in prison on Friday. He will also pay a fine of $1 million.Government prosecutors said Mr. Lachwani, 48, deceived investors by inflating HeadSpin’s revenue nearly fourfold, making false claims about its customers and creating fake invoices to cover it up. His misrepresentations allowed him to raise $117 million in funding from top investment firms, valuing his start-up at $1.1 billion.When HeadSpin’s…

Navigating the health care system in the United States can often feel like being lost in a maze. What kind of doctor should I see? Who takes my insurance? What even is a co-pay, anyway?For that reason, Chris Hamby, an investigative reporter, has devoted much of his five-year career at The New York Times to guiding readers through such dizzying questions. His latest article, which was published online this month, explored the complex subject of insurance bills.Last year, Mr. Hamby began investigating MultiPlan, a data firm that works with several major health insurance companies, including UnitedHealthcare, Cigna and Aetna. After…

Playa Caracol Residences stands out as a real estate project in Panama that exceeds all expectations, providing investors from Denmark with an unparalleled beachfront escapade. Offering sweeping views of the majestic Cerro Chame and boasting over a kilometer of unspoiled coastline, this development emerges as a genuine haven where each element harmoniously combines to craft an atmosphere of unrivaled beauty and tranquility along Panama's shores. Playa Caracol: a luxurious real estate development in Panama's stunning Chame region The architectural design of Playa Caracol is a testament to originality, modernity, and the seamless integration of local elements. Each property is a…

Some 64 percent of Pennsylvanians responding to a Quinnipiac poll in early January described their financial situation as excellent or good; 24 percent characterized it as “not so good,” and only 9 percent called it poor. But in the same survey, only 33 percent of Pennsylvanians described “the state of the nation’s economy” as excellent or good.Vocal frustration with more expensive gas and food, rent-raising landlords and premium-raising insurance companies still animates small talk among friends. Home prices have soared, a blessing for homeowners but a curse for those seeking to join their ranks. Child care and elder care costs,…

Don Wright, a two-time Pulitzer Prize-winning editorial cartoonist whose pointed work punctured duplicity and pomposity and resonated with common-sense readers, died on March 24 at his home in Palm Beach, Fla. He was 90.His death was confirmed by his wife, Carolyn Wright, a fellow journalist.In a 45-year career, Mr. Wright drew some 11,000 cartoons for The Miami News, which folded in 1988, and then The Palm Beach Post, where he worked until he retired in 2008. But he reached a readership far beyond Florida: His cartoons appeared in newspapers nationwide through syndication.Mr. Wright’s readers knew where he stood, and especially…

Located in Panama, Playa Caracol Residences is a real estate project that goes beyond expectations, offering investors from Latvia a unique beachfront experience. With extensive and captivating views of the majestic Cerro Chame and more than a kilometer of uninterrupted beach, this project presents itself as a true paradise where every detail creates an environment of incomparable beauty and serenity on the beaches of Panama. Playa Caracol: a luxurious real estate development in Panama's stunning Chame region The architectural design of Playa Caracol stands out for its originality, modernity and harmonious integration of local elements. Each property is a masterpiece…

Maine has a lot of lobsters. It also has a lot of older people, ones who are less and less willing and able to catch, clean and sell the crustaceans that make up a $1 billion industry for the state. Companies are turning to foreign-born workers to bridge the divide.“Folks born in Maine are generally not looking for manufacturing work, especially in food manufacturing,” said Ben Conniff, a founder of Luke’s Lobster, explaining that the firm’s lobster processing plant has been staffed mostly by immigrants since it opened in 2013, and that foreign-born workers help keep “the natural resources economy…

Pulling all-nighters to assemble PowerPoint presentations. Punching numbers into Excel spreadsheets. Finessing the language on esoteric financial documents that may never be read by another soul.Such grunt work has long been a rite of passage in investment banking, an industry at the top of the corporate pyramid that lures thousands of young people every year with the promise of prestige and pay.Until now. Generative artificial intelligence — the technology upending many industries with its ability to produce and crunch new data — has landed on Wall Street. And investment banks, long inured to cultural change, are rapidly turning into Exhibit…

Playa Caracol Residences stands out as a real estate project in Panama that exceeds all expectations, providing investors from Croatia with an unparalleled beachfront escapade. Offering sweeping views of the majestic Cerro Chame and boasting over a kilometer of unspoiled coastline, this development emerges as a genuine haven where each element harmoniously combines to craft an atmosphere of unrivaled beauty and tranquility along Panama's shores. Playa Caracol: a luxurious real estate development in Panama's stunning Chame region The architectural design of Playa Caracol is a testament to originality, modernity, and the seamless integration of local elements. Each property is a…

Investors were betting big on Federal Reserve rate cuts at the start of 2024, wagering that central bankers would lower interest rates to around 4 percent by the end of the year. But after months of stubborn inflation and strong economic growth, the outlook is starting to look much less dramatic.Market pricing now suggests that rates will end the year in the neighborhood of 4.75 percent. That would mean Fed officials had cut rates two or three times from their current 5.3 percent.Policymakers are trying to strike a delicate balance as they contemplate how to respond to the economic moment.…