Alibaba, Tencent’s $66 Billion Party Starts to Fade
China’s largest tech companies Alibaba Group Holding Ltd. and Tencent Holdings Ltd. have gained $66 billion in market
2023-08-09 08:52
UAW Demands Would Add $80 Billion to US Carmaker Labor Costs
New contract demands made by the United Auto Workers union would add more than $80 billion to each
2023-08-09 08:27
Indian Debt Collection Startup Raises $50 Million From Accel, Westbridge
Credgenics, an online service that helps banks collect on debt, raised $50 million in a funding round led
2023-08-09 07:52
Amazon In Talks to Be Anchor Investor in Arm IPO, Reuters Says
Amazon.com Inc. is in talks to join other tech companies as an anchor investor in Arm Ltd.’s initial
2023-08-09 07:18
WeWork Tumbles After Raising ‘Substantial Doubt’ About Future
WeWork Inc. shares plummeted more than 25% in extended trading after saying there’s “substantial doubt” about its ability
2023-08-09 06:49
Hedge Fund Shorts Nio and Honda, Favors Hyundai in Asia EV Race
An Asian hedge fund is shorting some Chinese and Japanese automaker stocks on bets they will lose out
2023-08-09 06:20
Power-Plant Owners Blast Biden’s Emissions-Cutting Plan
The top lobbying group for US electric utilities is taking aim at the Biden administration’s plan for stifling
2023-08-09 02:18
Airbnb’s Lawsuit to Block NYC Short-Term Rental Law Is Dismissed
Airbnb Inc.’s challenge to a New York City municipal law requiring hosts to register for an operating license
2023-08-09 02:16
Tesla’s New CFO Now Has Two Jobs and a Lot of Question Marks
Tesla Inc. has a long history of promoting talent from within. Outside hires don’t last for very long
2023-08-08 19:56
TSMC Partners With Infineon, NXP, Bosch to Build German Chip Fab
Taiwan Semiconductor Manufacturing Co. has agreed to build a €10 billion ($11 billion) plant in eastern Germany in
2023-08-08 18:48
Italy’s Windfall Profits Tax on Banks Spooks Markets
Italy’s right-wing government spooked markets with an unexpected tax on banks’ windfall profits, sending the country’s leading lenders
2023-08-08 15:51
SoftBank Vision Fund Swings to Profit on Global Tech Rebound
SoftBank Group Corp.’s Vision Fund eked out its first profit in more than a year, thanks to a
2023-08-08 14:59