Business

Since Sam Bankman-Fried was convicted of fraud last year, he has hired a new lawyer known for courtroom showmanship. A group of sympathetic law professors has pushed for a reappraisal of his actions. And his parents have turned for help to former employees of FTX, the collapsed cryptocurrency exchange he founded.From a federal detention center in Brooklyn, Mr. Bankman-Fried, 31, has continued to fight his case behind the scenes, as he aims for a lenient sentence and prepares to appeal his conviction. On Tuesday, his lawyers filed a legal memo in U.S. District Court in Manhattan, arguing that he should…

The Federal Reserve may have a housing problem. At the very least, it has a housing riddle.Overall inflation has eased substantially over the past year. But housing has proved a tenacious — and surprising — exception. The cost of shelter was up 6 percent in January from a year earlier, and rose faster on a monthly basis than in December, according to the Labor Department. That acceleration was a big reason for the pickup in overall consumer prices last month.The persistence of housing inflation poses a problem for Fed officials as they consider when to roll back interest rates. Housing…

Claude Montana, the audacious and haunted French designer whose exquisite tailoring defined the big-shouldered power look of the 1980s — an erotic and androgynous tough chic that brought him fame and accolades until he was felled by drugs and tragedy in the ’90s — died on Friday in France. He was 76.The Fédération de la Haute Couture et de la Mode confirmed the death but did not specify a cause or say where he died.Mr. Montana was among a cohort of avant-garde Parisian designers, among them Thierry Mugler and later Jean Paul Gaultier, who idealized the feminine form in extravagant,…

The Biden administration and European allies call President Vladimir V. Putin of Russia a tyrant and a war criminal. But he enjoys a standing invitation to the halls of power in Brazil.The president of Brazil says that Ukraine and Russia are both to blame for the war that began with the Russian military’s invasion. And his nation’s purchases of Russian energy and fertilizer have soared, pumping billions of dollars into the Russian economy.The views of the president, Luiz Inácio Lula da Silva, encapsulate the global bind in which the United States and Ukraine find themselves as the war enters its…

There’s an easy knock against the space dreams of Jeff Bezos and his rocket company, Blue Origin: In its 24th year of existence, the company has yet to launch a single thing to orbit.Blue Origin’s accomplishments to date are modest — a small vehicle known as New Shepard that takes space tourists and experiments on brief suborbital jaunts. By contrast, SpaceX, the rocket company started by the other high-profile space billionaire, Elon Musk, today dominates the launch market.On Wednesday, Blue Origin hopes to change the narrative, holding a coming-out party of sorts for its new big rocket.In the morning, at…

Last fall, Tiffanie Simmons, a second-generation autoworker, endured a six-week strike at the Ford Motor factory just west of Detroit where she builds Bronco S.U.V.s. That yielded a pay raise of 25 percent over the next four years, easing the pain of reductions that she and other union workers swallowed more than a decade ago.But as Ms. Simmons, 38, contemplates prospects for the American auto industry in the state that invented it, she worries about a new force: the shift toward electric vehicles. She is dismayed that the transition has been championed by President Biden, whose pro-labor credentials are at…