Timing a strategic (rather than tactical) re-entry into Chinese stocks continues to split ultra-bullish strategists and wounded investors wary of another regulatory grenade from Xi Jinping’s government.
Western Digital Corp. and Kioxia Holdings Corp. are progressing in their merger talks and have figured out a rough structure that would eventually involve a dual-listing in Japan, according to people familiar with the matter.
Incoming New Zealand Prime Minister Chris Hipkins said he’s ready to lead the country through the economic downturn and believes he can win the October election.
Abbott Laboratories said it’s cooperating with the US Justice Department in a probe involving the contamination of baby formula at one of the company’s plants last year.
Former President Donald Trump has dropped a long-running court fight with Congress over access to his New York state tax returns, notifying a judge late Friday in a joint filing with a House committee that the new Republican leadership “has no interest” in the documents.
Meta Platforms Inc.’s spending on lobbying decreased by about $1 million during the final three months of 2022 compared to the previous quarter, according to filings posted on Friday.
Google employees, after watching peers at rival tech firms lose their jobs en masse, were anxious about when layoffs would happen to them. Then on Friday morning, some of them couldn’t get into their corporate accounts.
President Joe Biden “looks forward” to meeting with Kevin McCarthy, the new Republican House speaker, to discuss a variety of issues, but negotiation on raising the US debt limit is off the table, the White House said Friday night.
South Korea’s early trade data showed a decline in exports persisting this month in the latest sign of a global economic slowdown.
The failure of Sam Bankman-Fried’s FTX crypto empire raises “serious questions” about how well venture capitalists and money managers scrutinized his operations before investing client funds, a Commodity Futures Trading Commission official said.
