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A Hedge Fund Bailout Highlights How Regulators Ignored Big Risks

WASHINGTON — As the coronavirus began shuttering the global economy in March, critical parts of U.S. financial markets edged toward collapse. The shock was huge and unexpected, but the vulnerabilities

Facing Financial Crisis, New York’s MTA Subway Braces For Deep Cuts

Facing one of the biggest financial crises in the history of the subway, New York’s public transportation agency is preparing drastic measures to restore its finances that are likely to

Deep Recession Is Projected for Europe, as Markets Slip: Live Updates

Latest projection: A deep recession and ballooning unemployment in Europe. The European Union’s economy is set to shrink by 7.4 percent this year, investment is expected to collapse and unemployment

Opinion | America Can Afford a World-Class Health System. Why Don’t We Have One?

The health care industry has armored itself, employing five lobbyists for each elected member of Congress. But public anger has been building — over drug prices, co-payments, surprise medical bills

As Russia and Saudi Arabia Retreat, U.S. Oil Industry Avoids the Worst

HOUSTON — The American oil industry may have dodged a bullet. Russia and Saudi Arabia — which only a month ago hoped to undercut American producers — have retreated from threats

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