Bloomberg Tech

Instacart’s debut rally is fizzling out, just a day after it went public in one of this year’s biggest US listings.

A former Wall Street trader who became the head of a major crypto company has been caught up in allegations about drug use and his relationship with a 19-year-old intern at a Bitcoin conference last year as part of a lawsuit filed by a former colleague.

General Electric Co. and Safran SA said thousands of jet-engine parts with falsified documents were sold to global aircraft fleets at the hands of a UK supplier, potentially wreaking havoc among airlines now racing to identify the components on their jets.

When Ed Tilly walked onto the Chicago Board Options Exchange floor in 1987 — where trading pits teemed with sweaty men barking orders and flashing signals — the recent college graduate was hooked.

Investors have had a lot thrown at them this year: more Federal Reserve tightening, a regional banking crisis, geopolitical turmoil. And yet US stock indexes are on track for a stellar year.

A California man falsely claimed to be an MIT-trained physicist who worked on secret government projects to raise $26 million for supposed battery technology and cancer-research startups, the SEC said in a fraud lawsuit.

Investors will flock to funds focusing on buzzy themes when the Federal Reserve cuts interest rates, according to Cathie Wood, who is doubling down on innovative investment strategies with a new acquisition.

US equity futures edged higher as traders awaited a Federal Reserve interest rate decision that will be scrutinized more for the policy outlook than a widely expected pause in hikes.