Bloomberg Business

Micron Technology Inc. is cutting executives salaries by as much as 20% and suspending bonuses as the chipmaker copes with an industrywide slump.

Yahoo Inc. will eliminate about 1,000 jobs beginning this week, or roughly 12% of its employees, the first round of cuts in a larger plan to restructure its advertising tech division amid a wave of layoffs in the industry.

Hesai Group, a developer of sensor technologies used in self-driving cars, rose 11% in its US trading debut after expanding its initial public offering to raise $190 million.

Solar power equipment maker Nextracker Inc. rose 27% in its trading debut after raising $638 million in the biggest US initial public offering of the year.

Facebook and its outside law firm were ordered to pay almost $1 million in sanctions for deceitfully denying that it shared users’ private information with third parties without permission.

Tesla Inc. shares extended their breakneck rally on Thursday to double from the lows touched in early January, helped by a rising appetite for growth and technology stocks, and signs that demand for its electric vehicles is rebounding.

Mexico stunned markets Thursday by increasing interest rates by half a percentage point, in a move by the central bank to outpace the US Federal Reserve that no top economist predicted. The peso jumped on the surprise decision.

For the nearly 2,000 attendees of the ETF Exchange conference, a lot has changed in a year.

The bank is planting its sights more firmly on the ultra-rich in India.