GlobalFoundries Inc. filed a lawsuit against International Business Machines Corp., claiming that Big Blue is continuing to profit from a chip business that it spun off nearly eight years ago.
An anonymous trader linked to a digital wallet labeled “jaredfromsubway.eth” has become the talk of the decentralized finance world the last few days after racking up both big fees and profits through a strategy known as sandwich attacks.
The resurgence of deal activity in the drug-development industry is driving investors’ interest in biotech stocks and boosting values for potential takeover targets.
Uncertainty continues to linger about whether or not the US will make it through to late summer without risking a debt-ceiling-related default after figures indicating the size of the Treasury’s tax day cash influx were somewhat lackluster.
Tesla Inc.’s solar deployments plunged in the first quarter, largely due to “volatile weather” and other factors.
Mitsubishi UFJ Financial Group has hired more than 20 people from Silicon Valley Bank as the Japanese firm builds out its technology, media and telecom banking group.
Hundreds of billions of dollars in clean energy tax subsidies from Democrats’ marquee climate law would be repealed by legislation to lift the debt ceiling introduced Wednesday by House Speaker Kevin McCarthy.
Stocks were little changed as traders assessed another batch of corporate earnings and remained focused on any signals about the Federal Reserve’s next policy moves. Bond yields climbed.
Alcoa Corp. said lower prices for its metal-making ingredients will help to lower production costs in the second quarter as aluminum demand stays robust.
Wedbush is upgrading Western Alliance Bancorp to outperform from neutral and adding it to its best ideas list after earnings showed it in a solid position just a month after the collapse of Silicon Valley Bank sent turmoil through the regional banking sector.
