Investors betting on an extension of Baidu Inc.’s market-beating rally may be due for a reality check as concerns about the sluggish Chinese economy and setbacks from a key segment of its business deepen.
Citigroup Inc. Chief Executive Officer Jane Fraser is weighing an overhaul of the firm’s most powerful committee of decision makers as she seeks to simplify the Wall Street giant.
Nikola Corp. fell in early trading after the maker of electric big rigs warned it may not reach its full-year delivery target as it grapples with fallout from recent battery incidents.
Two of Wall Street’s top strategists are at odds about the outlook for US stocks following a three-week run of declines as debate rages over whether the economy can avoid a recession.
Goldman Sachs Group Inc. sees a short-term hit to the US economy, with a subsequent rebound, in the likely event of a federal government shutdown sometime after appropriations run out Sept. 30.
A very seasonal legal spat is playing out in Nantucket: The billionaire owner of a $6.5 million cottage is suing a clam shack to stop it from opening a mere 18 inches away from his 1,200 square foot home.
Chevron Corp. terminated its debt exchange offer with PDC Energy Inc.’s bondholders after receiving low turnout, according to a statement Monday.
Blackstone Inc. wrapped up a record $5.2 billion fund for deals that defy easy categorization and aren’t constrained by any particular investment style.
Triton’s plans to sell Pharmanovia are stalling over valuation, people familiar with knowledge of the matter said, in another sign that private equity firms are struggling to get deals over the line.
Eisai Co.’s breakthrough Alzheimer’s disease drug is poised to gain the backing of Japanese regulators after the medicine was fully cleared in the US last month.
