SoFi Technologies Inc.’s effort to transition from upstart fintech firm to the big leagues of financial institutions will face an important step possibly as soon as next week when the company helps take Instacart Inc. public.
SK Hynix Inc.’s $24 billion rally this year faces pressure as the South Korean chipmaker finds itself embroiled in an intensifying US-China tech war.
Apple Inc. is extending an agreement to get modem semiconductors from Qualcomm Inc. for three more years, a sign that its ambitious effort to design the chips in-house is taking longer than expected. Qualcomm shares surged on the news.
BMW AG will invest in the 110-year-old plant where the Mini brand originated to make electric models, tapping the UK government for support in the fight to prop up the country’s car industry.
Instacart and its backers set the stage for an initial public offering that may value the grocery-delivery business at up to $9.3 billion, less than a quarter of what it was worth at the height of the Covid-19 pandemic.
The dollar fell the most in two weeks, while stocks rose as traders took bullish cues from improving Chinese data and comments from Treasury Secretary Janet Yellen.
Malaysia plans to ban exports of rare earth raw materials, according to Prime Minister Anwar Ibrahim, becoming the latest country seeking to restrict shipments of materials that are in high demand for the green energy transition.
Investment bankers came up with an irresistible pitch about six years ago to entice Latin American companies to list in the US — the deep pockets of investors and their familiarity with new economy stocks.
The UK is kicking in support toward BMW AG making electric Minis in Oxford without insisting that batteries are sourced locally, Business Secretary Kemi Badenoch said, in candid comments on the auto industry’s reliance on China.
Apple Inc.’s annual iPhone unveiling is always its most momentous time of the year — a chance to impress consumers with the company’s latest model and set up the holiday selling season.
