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.
Back in June, Justin Sun had a pitch for yield-hungry crypto investors: a new project that promised 5% returns tied to low-risk securities like government bonds.
Cathie Wood’s Ark Investment Management has acquired a fellow exchange-traded fund issuer in its biggest push yet into Europe’s nascent market for trend-driven investing.
New York City was ordered to face a lawsuit by DoorDash Inc., Grubhub Inc. and Uber Technologies Inc.’s Uber Eats over a pandemic-era cap on how much the meal-delivery services can collect from local restaurants, moving the case closer to a possible trial.
The European Union needs to investigate Chinese support for electric vehicles as a result of the massive subsidies it provides the industry, according to the head of the bloc’s executive arm.
As Instacart started trading on the Nasdaq on Tuesday, investors weren’t betting on a grocery-delivery company. They’re betting on a data and advertising business.
Microsoft Corp. mistakenly provided confidential information about its video-game operations to a federal court website.
Treasury yields rose and stocks fell ahead of the Federal Reserve decision, with traders betting rates will be higher for longer to prevent an inflation flare-up. Brent oil briefly topped $95 a barrel.
Stanford University plans to return millions of dollars it received from bankrupt crypto exchange FTX and related entities, a university spokesperson said in an emailed statement.
Instacart racked up a 12% trading-debut gain in one of the year’s biggest initial public offerings, showing investors are receptive to the online grocery delivery firm’s pivot to advertising and also adding momentum to a rebound for US listings.
