Business News
An Investor Made $20 Billion, Then Lost It All in Just 2 Days
Bill Hwang amassed an immense fortune before losing it entirely after his lenders started selling his positions to pay off his debt to them.
Justin Chan is a news writer at Entrepreneur.com. Previously, he was a trending news editor at Verizon Media, where he covered entrepreneurship, lifestyle, pop culture, and tech. He was also an assistant web editor at Architectural Record, where he wrote on architecture, travel, and design. Chan has additionally written for Forbes, Reader's Digest, Time Out New York, HuffPost, Complex, and Mic. He is a 2013 graduate of Columbia Journalism School, where he studied magazine journalism. Follow him on Twitter at @jchan1109.
More From Justin Chan
Business News
China Could Use Bitcoin as ‘Financial Weapon’ Against U.S., Peter Thiel Warns
The noted China critic also slammed U.S. companies that did business in the country.
Business News
Just Hours After JPMorgan’s CEO Called for More Transparency, the Bank Asked Shareholders to Vote Against It
Though JPMorgan CEO Jamie Dimon emphasized the need for transparency and a commitment to racial equity in an annual shareholders letter, the board he chairs appeared to quickly reverse course hours later.
Business News
Crypto Market Value Exceeds $2 Trillion for First Time
The cryptocurrency market's high value is largely attributed to two popular digital currencies.
Business News
The Youngest Billionaire Is No Longer Kylie Jenner – It’s a 19-Year-Old From Germany
As of October 2020, Jenner's net worth was listed at $700 million.
Business News
Here’s How to Check If Your Phone Number Was Leaked in the Massive Facebook Breach
Over the weekend, the personal data of more than 533 million Facebook users was published in a hacking forum.
Business News
Kim Kardashian West Joins Estranged Husband Kanye West on Billionaires List
The model and television personality's net worth is largely attributed to the success of her two businesses.
Business News
Elon Musk Reveals What Caused a SpaceX Prototype to Mysteriously Explode
The SN11 launched from the company's South Texas facilities last week but exploded upon landing.
Business News
This NBA Team Will Soon Have the Option of Being Paid in Bitcoin
In a Clubhouse announcement, Vivek Ranadivé said he would be open to paying his players and staff in cryptocurrency.
Business News
Apple and Samsung Bully LG Out of the Smartphone Business
The South Korean company says it will now focus on other growth areas, including smart homes and robotics.
Business News
Nike, HP and Other Large Corporations Got Away With Not Paying Any Federal Taxes on Their 2020 Profits
At least 55 of America's largest companies avoided federal taxation last year by using certain tax breaks, some of which had been revived during the pandemic.
Business News
March Jobs Report Shows Payroll Employment Jump by 916,000
Data from the U.S. Bureau of Labor Statistics recently revealed a dip in the unemployment rate and an increase in total confirm payroll employment.
Business News
SEC Allows Coinbase to List Shares on Nasdaq, Marking Huge Win for Cryptocurrency Supporters
The listing gives further legitimacy to the use of digital currency among investors.
Business News
Judge Grants Nike’s Request to Block Sale of Lil Nas X’s Controversial Sneakers
The controversy-courting Grammy winner's Satan Shoes reportedly contain a drop of blood from each member of the MSCHF collective.
Business News
Man Has Nightmare Experience After Finding 15,000 Bees in His Car
A man went on a grocery store run, only to come back to car and find thousands of bees in the backseat.
Business News
Elon Musk Selected to Join Board of Company That Owns UFC and Miss Universe
In an IPO filing, Endeavor Group Holdings said that a 2018 settlement between Musk and the SEC would not prevent the billionaire's ability to join the company's board.
Business News
Biden’s $2 Trillion Infrastructure and Jobs Plan: Here’s Where the Money Would Go
Following the passage of his $1.9 trillion stimulus plan, the president is now turning his attention to job creation and improving the country's dilapidated infrastructure.
Business News
NFL’s Taylor Rapp Was Once Overlooked as an Asian American Athlete. Now, He’s Making His Mark With His Own NFT Series.
The Los Angeles Rams safety is looking to capitalize on a digital craze in an effort to help the AAPI community.
Business News
Sir Richard Branson Touts New, Futuristic Spaceship in Bid to Boost Space Travel
Virgin Galactic recently unveiled the 'VSS Imagine,' its latest third-generation spacecraft.
Business News
Amazon Workers Detail Disturbing Work Conditions in Complaint Filed to the National Labor Relations Board
Former employees said they were aggressively placed under surveillance and forced to pee in bottles to meet quotas.
Business News
Visa, PayPal to Allow Customers to Pay With Cryptocurrency
Visa and PayPal have both jumped on the digital currency trend, giving customers more options to settle payments
Business News
Large Container Ship Finally Freed From Suez Canal
The 224,000-ton Ever Given had been stuck at the canal for nearly a week, leaving nearly 370 vessels, and billions in trade, at a standstill.
Business News
Elon Musk Suggests in Tweet That Tesla Could Be Bigger Than Apple in a Few Months, Then Deletes It
The SpaceX and Tesla CEO turned some heads in a recent tweet to a fellow user.
Business News
Senate Passes Bill to Extend Deadline for PPP Applications
In an overwhelmingly bipartisan vote, the Senate voted to give small businesses more time to apply for loans.
Business News
Elon Musk Ordered to Delete Threatening 2018 Tweet to Tesla Workers, NLRB Rules
The Tesla CEO must remove a tweet that addresses the possible unionization of his workers, the board ordered on Thursday.
Business News
Ex-Employee Claims Former Boss Paid His Final Paycheck in 500 Pounds Worth of Pennies
After Andreas Flaten gave his two-week notice, he was surprised to find his final paycheck in the form of oil-covered pennies.
Business News
A Giant Container Ship Has Blocked the Suez Canal, And It’s Costing $9.6 Billion Worth of Daily Marine Traffic
The Ever Given container ship has been grounded since Tuesday.
Business News
Amid Intense Criticism, Wall Street Firms Are Now Giving Junior Bankers 6-Figure Bonuses in a Desperate Bid to Retain Them
The announcements come as junior-level analysts and associates have raised concerns about their overwhelming workloads.
Business News
Chrissy Teigen Just Abruptly Deleted Her Twitter Account. Here’s Why.
The model and television personality called it quits on the social media platform after garnering nearly 14 million followers.
Business News
Meghan McCain Slammed for Questioning ‘Whether or Not Race and Gender Are More Important Than Qualifications’
'The View' host suggested that she would lose her gig if "identity politics" were in play.
