Vista Equity Partners’ David Breach flagged early indications that the bottleneck for initial public offerings could ease by year-end, giving tech buyout firms more exit options.
Authentication software company Okta Inc. plans to devote about $40 million of its annual research and development budget to new artificial intelligence projects, Chief Executive Officer Todd McKinnon said.
The PGA Tour tried to argue that LIV Golf posed a threat to the sport’s integrity. Now it will have to convince players and sponsors that joining forces with its Saudi Arabia-backed rival is good for business.
The Pentagon committed an additional $2.1 billion in a long-term arms package for Ukraine that will provide air defense systems, artillery munitions, hand-launched drones and laser-guided rockets.
The company whose bonds have handed investors losses of roughly 70% since mid-May, making them the worst performers for the year in emerging markets, could be heading for more pain.
China’s Zhejiang Huayou Cobalt Co. applied to list its nickel on the London Metal Exchange, becoming the first producer to use a fast-track registration process designed to help rebuild liquidity in the exchange’s contract following last year’s short squeeze.
Apollo Global Management Inc. is tapping more European banks to sell the private credit fund it recently opened to the continent’s affluent individual investors amid a global slump in fundraising.
Beyond Meat Inc.’s 20% jump Thursday stung traders betting against the fake-meat company and set them up for a short squeeze that could lead to even steeper losses.
China supports South Africa in hosting various BRICS activities this year, President Xi Jinping told his counterpart Cyril Ramaphosa Friday in a phone call, according to a statement from the Chinese Foreign Ministry.
Under sweeping bipartisan aviation legislation introduced Friday, a new eye in the sky might monitor US airline flights in the near future: crash-proof video recorders in cockpits.
