WSJ News Exclusive | Jack Ma Plans to Cede Control of Ant Group
HONG KONG—Billionaire Jack Ma plans to relinquish control of Ant Group Co., people familiar with the matter said, part of...
Corporate Funding
Startups Suffer Bleak Second Quarter
The number of U.S. startups going public has slowed to a trickle and fresh funding for such companies has dropped...
AT&T, Verizon Raise Prices and Test Consumer Budgets
The wireless companies are boosting monthly fees and increasing the cost of mostly older cellphone plans. Source link
Latam Airlines Cleared to Depart Chapter 11 Under Creditors’ Control
A bankruptcy judge approved a chapter 11 exit plan for Latam Airlines Group SA that puts $5.44 billion of fresh...
Cosmetics Maker Revlon Files For Chapter 11
Revlon Inc. filed for bankruptcy, potentially ending a decadeslong bet on the beauty products company by Ronald Perelman, its billionaire...
WSJ News Exclusive | Marc Lore’s Food-Delivery Startup Wonder Is Valued at $3.5 Billion After Capital Raise
Wonder Group, a food-delivery startup led by Jet.com founder Marc Lore, has raised hundreds of millions of dollars to expand...
Treasury Releases Pandemic Funding for Small Businesses as They Face New Risks
A federal pandemic aid program aimed at boosting small businesses’ access to capital is getting off the ground more than...
For Tech Startups, the Party Is Over
A dizzying turn in technology-startup investing is undoing the fortunes of founders and investors riding a 13-year bull run.Highflying startups...
Hot Job Market, Strong Demand for CFOs Strain Due Diligence
The sudden exit of Moderna Inc.’s newly hired chief financial officer shines a light on the challenges companies and recruiters...
Ford Sells About 8% of Its Stake in Electric-Vehicle Startup Rivian
Ford Motor Co. has sold off about 8% of its stockholdings in Rivian Automotive Inc., according to people familiar with...
Oil Prices Top $100, Yet Some Big U.S. Frackers Let Their Production Fall
Oil prices are at their highest in years and politicians want companies to pump more. But most large American frackers...
BP Takes $25.5 Billion Hit From Russia Exit
BP BP 0.49% PLC took a $25.5 billion pretax accounting charge related to its decision to exit its Russia holdings,...
Exxon and Chevron, Buoyed by High Oil Prices, Shower Investors With Cash
Big oil companies are continuing to reap the benefits of high commodity prices but aren’t backing off plans to reward...
TikTok Owner ByteDance Taps Senior Lawyer Julie Gao as CFO
SINGAPORE—ByteDance Ltd., the Chinese owner of short-video platform TikTok, appointed a senior China-focused lawyer as their new chief financial officer,...
Twitter Adopts Poison Pill Plan to Block Elon Musk From Increasing Stake
Twitter adopted a poison-pill takeover defense to make it difficult for Elon Musk to increase ownership beyond 15%. The move...
Visa Expects to Make Up Lost Russia Revenue Within a Year
Visa Inc. has lost about 4% of the revenue booked during its most recent fiscal year by pulling out of...
Venture Powerhouse Sequoia Capital Names New Leader
Sequoia Capital named a new top leader, a rare transfer of power at one of Silicon Valley’s most storied venture-capital...
Starbucks Suspends Buybacks to Invest in Operations as Schultz Returns
Starbucks Corp. said it is suspending billions of dollars in share repurchases, a move that interim Chief Executive Officer Howard...
Biotech Stocks, Once Booming, Enter Bear Territory
Biotech companies are having one of their worst stock-market runs in years, as rising interest rates, scientific setbacks and a...
A New Meme-Stock Frenzy Led AMC to Gold Mine Stake
Day traders looking to capitalize on commodity price volatility catalyzed a chain reaction that ended with movie theater giant AMC...
