Bloomberg Business

It’s a tough time to be in the real estate business. That means Goldman Sachs Group Inc. is feeling some pain, too.

Wall Street’s biggest banks whittled down their ranks by about 21,000 people in the first six months of the year as they rejiggered workforces amid a slump in dealmaking and capital markets activity.

Tesla Inc. investors have pushed its market value up by $550 billion this year, shrugging off shrinking profit margins as price cuts drive sales. Second-quarter results may force a rethink.

Goldman Sachs Group Inc.’s profit plunged as the Wall Street giant notched one of its weakest quarters under Chief Executive Officer David Solomon.

The rise of artificial intelligence has spurred global corporations to increase their spend given the potential upside for business prospects. But IAC Inc.’s Joey Levin isn’t getting distracted by the deal opportunities around the technology’s buzz alone.

Carvana Co. will restructure its debt and sell shares as the used-car retailer tries to regain its footing following a pandemic boom and bust.

Broadcom Inc.’s proposed $61 billion takeover of VMware Inc. was provisionally waved through by the UK’s antitrust watchdog, easing the path toward one of the largest technology deals in history.

Activision Blizzard Inc. agreed to give Microsoft Corp. three more months to iron out regulatory issues and close the biggest video-game deal of all time.