Bloomberg Business

Robinhood Markets Inc. said it’s looking to repurchase shares previously controlled by Sam Bankman-Fried and canceled almost $500 million of stock-based compensation for its co-founders.

Money managers have cut $300 billion of bearish bets and are now positioned more in line with historic norms — robbing the market of pent-up demand just as the Federal Reserve warns its inflation-fighting battle is far from over.

A Florida legislative committee advanced a bill that would give Republican Governor Ron DeSantis control over a special government district that’s home to Walt Disney Co., limiting the sweeping powers granted to the entertainment giant for decades.

Traders are becoming increasingly unsure whether Microsoft Corp.’s proposed $69 billion takeover of Activision Blizzard Inc. will go through, after Britain’s antitrust watchdog became the latest regulator to challenge the deal.

JPMorgan Chase & Co. cut hundreds of mortgage employees this week, adding to job losses across the industry as home-lending businesses continue to be hurt by elevated interest rates.

Japan’s financial regulator says it suspects “more than a few cases” of greenwashing by asset managers running ESG portfolios and will take “regulatory action against malicious cases,” Hideki Takada, director at the Financial Services Agency, said in an interview.

Kraken, one of the world’s largest cryptocurrency exchanges, is embroiled in a probe by a top US financial regulator over whether it broke securities rules related to certain offerings to American clients, according to a person with knowledge of the matter.

Connecticut Governor Ned Lamont unveiled a $50.5 billion biennial budget that would cut income taxes on families making up to $100,000 per year, as well as have the state borrow $600 million for new housing.