(Bloomberg) — Credit Acceptance Corp., one of the biggest subprime US auto lenders, was sued by New York and a federal regulator for allegedly luring thousands of low-income individuals into unaffordable high-interest car loans.
Alibaba Group Holding Ltd. led an advance in US-listed Chinese stocks on Wednesday, with Ant Group Co.’s approved fundraising plan boosting optimism that China’s regulatory clampdown on its internet sector is easing.
Payments-software provider ACI Worldwide Inc. is in talks with private equity firms about a potential sale, according to people familiar with the matter.
Microsoft Corp. shares closed at their lowest level since November after UBS Group AG downgraded the stock, amplifying concern about the company’s cloud-computing business, for years a key driver of revenue.
(Bloomberg) — General Electric Co.’s former medical-equipment business surged in its trading debut as investors got their first chance to bet on the now-independent company.
With hiring freezes, smaller upfront payments and fewer acquisitions, the podcast boom is feeling like a thing of the past
Equity investors hoping for a reprieve in the new year after a brutal 2022 are likely to be disappointed, according to Michael Kantrowitz at Piper Sandler & Co.
The bond market humbled Wall Street’s best and brightest in 2022. Oblivious to what lay ahead — the most-aggressive interest rate hikes in decades — one bond fund manager after another was saddled with heavy losses.
Gemini Trust Co. Chief Operating Officer Noah Perlman has left the cryptocurrency firm founded by Tyler and Cameron Winklevoss as it seeks to navigate the recent turmoil in digital-asset markets, according to a person familiar with the matter.
The age of adventure is being replaced by the realm of reality in the automotive displays at the annual Consumer Electronics Show in Las Vegas, once a fantastical flight of fancy that promised a Jetson’s lifestyle was just around the corner.
