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 […]
US stocks rebounded for a second consecutive week as investors gained confidence that the economy can withstand the escalating war in Ukraine and the Federal Reserve’s plans to lift interest rates to control inflation. The S&P 500 climbed 1.8% for the week, extending its gains over the past two weeks to 8.1%, the strongest run […]
“The Lost City,” directed by brothers Adam and Aaron Nee, is a boisterous romp designed around a one-of-a-kind treasure. Ostensibly, that prize is the Crown of Fire, a priceless headpiece rumored to be constructed from hundreds of red diamonds. In truth, it’s the woman searching for the jewels—or rather, it’s Sandra Bullock acting the part […]
Apple Inc. AAPL 2.27% said a judge’s ruling that it was violating California’s unfair-competition law should be overturned because she had already found the iPhone maker’s in-app payment system was competitive. It is the Cupertino, Calif., company’s first full-throated filing laying out its argument in the appeals fight over its high-profile legal battle with “Fortnite” […]
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 […]
Edward “Ned” Johnson III, who transformed Fidelity Investments into a financial behemoth and opened Wall Street to millions of Americans, died Wednesday. Mr. Johnson was 91 years old. “He passed away peacefully at home in Florida surrounded by his family,” Abigail Johnson, who succeeded her father as Fidelity’s chief executive in 2014 and chairman in […]
Credit Suisse CS 0.19% Group AG is expected to pay around $500 million after losing a lawsuit brought by a Georgian billionaire who claimed the bank mismanaged his money. Credit Suisse has spent years fending off claims from Bidzina Ivanishvili, a former prime minister of Georgia. He sued the bank in Bermuda and Singapore for […]
US stocks edged higher, putting Wall Street indexes on course to recoup some of Wednesday’s losses, while oil prices hovered near recent highs. The S&P 500 added 0.4% in early trading Thursday. The tech-focused Nasdaq Composite Index rose 0.5% and the Dow Jones Industrial Average gained 0.3%, about 100 points. US stocks declined and oil […]
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