Chinese e-commerce leader Alibaba Group Holding Ltd. slumped in Hong Kong, after the Financial Times reported that its early backer SoftBank Group Corp. is moving to sell the majority of its stake in the company.
Taiwan said China dialed down plans for a no-fly zone near the island after it complained about risks to flight safety, a rare possible instance of backtracking by Beijing as tensions between the two sides simmer.
A tax agreement between Apple Inc. and its hometown of Cupertino, California, has come under scrutiny from state regulators, potentially slashing the amount of money that the company sends to the city.
Asian stocks fell on concern moderating inflation in the US won’t be enough to prevent the Federal Reserve from raising interest rates again next month.
Jeff Bezos no longer plans to bid for the NFL’s Washington Commanders, according to a person familiar with the matter.
The Ethereum blockchain, the most important commercial highway in the digital-asset sector, successfully implemented a widely anticipated software upgrade.
SoftBank Group Corp. is moving to sell the majority of its stake in Chinese internet giant Alibaba Group Holding Ltd., the Financial Times reported, the latest sign of long-time China investors lowering their exposure there.
International Business Machines Corp. is considering selling its weather business as the company continues to focus on software and cloud services.
The Public Broadcasting Service has followed National Public Radio in quitting Twitter after the social media network labeled both organizations as government-backed media.
Dish Network Corp. fell to a 24-year low Wednesday after Barclays became the most recent Wall Street analyst firm to cut the stock’s target price in what has been a challenging year for the nation’s second-largest satellite TV provider.
