Asian equities opened marginally higher Tuesday with support from a rally on Wall Street amid optimism that the Federal Reserve will pause its most-aggressive tightening campaign in decades.
Salesforce Inc. shareholder support for Chief Executive Officer Marc Benioff grew in the past year following a tussle with activist investors who pushed for spending cuts and greater profits.
Chegg Inc., which offers online homework-help services, will cut roughly 4% of its workforce as students increasingly turn to artificial intelligence chatbots like ChatGPT for assistance.
Binance.US urged a federal judge to reject a Securities and Exchange Commission request to freeze billions of dollars of assets on the cryptocurrency exchange during a legal fight with the regulator, arguing the move would cripple its business and hurt customers.
Japanese food maker Yaokin Corp. shocked generations raised on its Umaibo puffy corn snack last year when it increased its price from 10 yen ($0.07) for the first time in 42 years. Facing an outcry over a 2 yen increase, the company took out advertisements to apologize.
New York City agreed to delay until September enforcement of a new municipal law requiring hosts of short-term rentals to register for an operating license.
The Federal Trade Commission sued Microsoft Corp. in federal court Monday to block the company from closing its $69 billion acquisition of Activision Blizzard Inc.
Nasdaq Inc.’s biggest-ever acquisition is supposed to make the exchange operator more predictable and profitable. Investors may need more convincing.
Tesla Inc.’s charging technology won more backers as a handful of players in the electric-vehicle power industry said they would offer compatible equipment, further solidifying the automaker’s system as the US standard.
The stock market kept its bullish momentum as traders geared up for a pause in one of the Federal Reserve’s most-aggressive tightening campaigns in decades.
