WASHINGTON—Federal regulators proposed a bevy of new requirements for special-purpose acquisition companies, or SPACs, and their takeover targets amid widespread concern that the vehicles skirt important investor protections. The Securities and Exchange Commission advanced a set of rules Wednesday that, if implemented, would make it harder for SPACs to raise money from investors and execute […]
Nielsen Holdings NLSN 20.31% PLC agreed to sell itself to a group of private-equity firms in a deal that values the media-measurement company at around $10 billion, resurrecting a deal after talks fell apart last week. A consortium led by Elliott Management Corp.’s private-equity arm and Brookfield Asset Management Inc. agreed to pay $28 a […]
US stocks wavered and bond yields remained near their highest level in three years with investors preparing for a campaign of interest-rate increases from the Federal Reserve. The S&P 500 was up about 0.1% in early trading Monday. Last week, US stocks rebounded for a second consecutive week. The tech-focused Nasdaq Composite rose 0.5%, while […]
The turmoil in Chinese technology shares is damping the financial firepower Japan’s SoftBank 9984 -1.75% Group Corp. has for new investments, and prompting debate about whether it might sell some of its huge stake in Alibaba BABA -1.88% Group Holding Ltd. The Nasdaq Golden Dragon China Index of US-listed Chinese stocks has declined 52% over […]
The turmoil in Chinese technology shares is damping the financial firepower Japan’s SoftBank 9984 -1.75% Group Corp. has for new investments, and prompting debate about whether it might sell some of its huge stake in Alibaba BABA -1.88% Group Holding Ltd. The Nasdaq Golden Dragon China Index of US-listed Chinese stocks has declined 52% over […]
The turmoil in Chinese technology shares is damping the financial firepower Japan’s SoftBank 9984 -1.75% Group Corp. has for new investments, and prompting debate about whether it might sell some of its huge stake in Alibaba BABA -1.88% Group Holding Ltd. The Nasdaq Golden Dragon China Index of US-listed Chinese stocks has declined 52% over […]
The company has reached an agreement to list all New York City taxis on its app, an alliance that could ease the ride-hailing giant’s driver shortage and temper high fares while directing more business to cabdrivers, whose livelihoods were affected by the emergence of car- sharing apps and the pandemic. While Uber has formed partnerships […]
Russia’s stock market is set to have a partial reopening Thursday, nearly a month after it shut down following the invasion of Ukraine. The challenge for Moscow is that the resumption of trading could simply send Russian stocks back into free fall. On Feb. 24, the day when President Vladimir Putin began the assault on […]
Alibaba Group Holding ltd. BABA -4.35% boosted its share buyback program to $25 billion from $15 billion, in a bid to reassure investors about the company’s prospects after a year in which its stock has fallen by more than half. The potential buybacks are substantial compared with the Chinese e-commerce giant’s market value: As of […]
Text size The S&P 500 saw its best week since November 2020 last week. Ed Jones/AFP via Getty Images The stock market slide Monday as Federal Reserve Chair Jerome Powell indicated that the central bank could be more aggressive in lifting interest rates. Tea Dow Jones Industrial Average dropped 202 points, or 0.6%, while the […]
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