People on Wall Street have taken potshots at tech stocks all year. Surging valuations and elevated interest rates doom them. Earnings forecasts are a fantasy. Regulators are set to break up their sprawling monopolies.
Virgin Galactic Holdings Inc. said it launched its third commercial flight Friday morning, sending another crew of paying tourists to the edge of space and back.
Uber Technologies Inc. is working on a TaskRabbit-like service that will let app users hire people to conduct various tasks in an expansion beyond driving and deliveries.
Greece’s sovereign-credit rating was lifted to investment status by DBRS Morningstar — the country’s most significant upgrade out of junk since it was rocked by a debt crisis more than a decade ago.
The US Ambassador to Japan floated rumors about the disappearance of China’s foreign minister and other top officials in a social media post that risks undermining Biden administration efforts to ease tensions with Beijing.
The Air Force’s top general warned the service’s ranks to be on guard against offers to work for companies training Chinese military pilots, the most explicit public acknowledgment yet of a practice the US has sought to clamp down on.
Aman Group, which operates some of the world’s most expensive hotels, secured a $360 million investment from a group including a United Arab Emirates wealth fund and an investment firm backed by an influential member of that nation’s royal family.
US Supreme Court Justice Samuel Alito rejected Democratic demands that he recuse from a pending tax case after he gave two interviews to one of the participating lawyers for use in a Wall Street Journal article.
Thoma Bravo is in discussions with private credit lenders about arranging roughly $1 billion of debt financing for its planned acquisition of NextGen Healthcare Inc., according to people with knowledge of the matter.
The Federal Deposit Insurance Corp. acknowledged on Friday that it should have strengthened oversight of First Republic Bank before the lender’s failure in May.
