Alibaba Group Holding Ltd. will explore initial public offerings for its logistics and grocery arms while hiving off its $12 billion cloud business, kicking off the first phase of a much-anticipated breakup to try and revive anemic revenue growth.
The historic lull in the equity market has revived a controversial strategy of selling volatility. Though one calming factor is likely to fade as Friday’s options expiration risks creating fresh turmoil for traders.
The US Supreme Court handed social media companies a new line of defense as they face an increasing number of lawsuits alleging their algorithms have harmed users — whether by addicting children or selling suicide kits.
A flurry of trades more than five hours before the US stock market opened in New York on Thursday seemingly wiped out more than $22 billion in value for an information technology company in another case of mistaken identity.
Shares of Grab Holdings Ltd. fell the most in more than a year after the Southeast Asian ride-hailing and food delivery company reported slowing spending by customers grappling with a higher rate of inflation and rising interest rates.
Senator Kyrsten Sinema of Arizona said she’s “more and more confident” of a deal to avert a US default.
Traders who bet on a decline in the stock price of WeWork Inc., the beleaguered real estate company, reaped millions in gains this past year.
US Treasury Secretary Janet Yellen told top bank executives Thursday that a failure to raise the debt ceiling would be “catastrophic” for the financial system, reiterating that the matter should be addressed without delay.
Mexico halted its steepest-ever series of interest rate rises and promised to keep them stable for an extended period after inflation slowed sharply and the peso rallied to a seven-year high.
The Group of Seven nations will increase pressure on Russia with additional sanctions as well as restrictions on goods it uses on the battlefield, according to a senior Biden administration official.
