Adyen Plunges 20% After Hiring and Inflation Hit Earnings
Adyen NV’s shares plunged most on record after first-half earnings missed estimates, weighed down by the Dutch fintech
2023-08-17 15:46
China’s Troubled $137 Billion Shadow Bank Plans Debt Restructuring, Taps KPMG
The Chinese shadow banking giant whose liquidity crisis has fanned fears about financial contagion is planning to restructure
2023-08-17 11:29
China’s Housing Slump Is Much Worse Than Official Data Shows
Judging by China’s official statistics, the nation’s housing market has been remarkably resilient in the face of tepid
2023-08-17 07:56
Trump-Tied SPAC’s Rally at Risk as Sponsors Need More Time
The blank-check company seeking to take Donald Trump’s media company public sweetened the proposed deal to keep the
2023-08-17 06:24
Tech Firms Are Slowing Layoffs But Still Not Yet Resuming Hiring
Tech companies aren’t yet ramping up hiring after massive layoffs over the past year, despite a surge in
2023-08-17 05:28
Heir to Venezuela TV Empire Drops Soap Operas for Satellites
Adriana Cisneros has been obsessed with satellites ever since she was a child in Venezuela. Now, after a
2023-08-17 05:25
Cisco Gives Tepid Annual Forecast, Stoking Fears of Slowdown
Cisco Systems Inc., the largest maker of computer networking equipment, gave a lukewarm revenue forecast for the coming
2023-08-17 04:48
Carlsberg Profit Shows Drinkers Willing to Swill Pricier Beers
Carlsberg A/S reported better-than-expected half-year profit after consumers shelled out more money for premium beers even after unprecedented
2023-08-16 14:59
Marc Becker, Co-Head of Impact Investing at Apollo, Dies at 51
Marc Becker, a 27-year veteran of Apollo Global Management Inc. and co-head of impact investing at the private
2023-08-16 08:56
Bitcoin’s Extreme Volatility Vanishes Amid ‘Extreme Apathy and Exhaustion’
Ask anyone to name a typical characteristic exhibited by Bitcoin and they might mention that it’s volatile. But
2023-08-16 07:16
Blockstream Is Betting on Bitcoin Comeback as It Hoards Crypto Mining Rigs
Bitcoin developer Blockstream Corp. is betting that the world’s most valuable cryptocurrency is poised for a massive rebound,
2023-08-16 02:45
ChatGPT Creator OpenAI Is Testing Content Moderation Systems
OpenAI said its technology is capable of moderating content, a task that could help businesses become more efficient,
2023-08-16 01:21