Buy-now-pay-later services will hit a record this holiday as increasingly cash-strapped US shoppers struggle with higher prices and rising borrowing costs, according to projections from Adobe Analytics.
Graphcore Ltd., the British chipmaker that aimed to challenge Nvidia Corp., said it needs to raise money to continue operating as a “going concern” after racking up losses.
Banks including Citigroup Inc. and JPMorgan Chase & Co. have raised their China growth forecasts to 5% for this year, as a strengthening in recent data helps build consensus around the government’s ability to meet its GDP target.
Sam Bankman-Fried, on trial for multiple counts of fraud related to the collapse of his FTX crypto exchange, has denied all the allegations against him. Now, it will be up to the jury to decide whether he acted “in good faith,” as his lawyers maintain, or “lied to the world” as the prosecution argued in their opening statements.
Ledger, a company making hardware “wallets” for crypto investors, will lay off 12% of its workforce as it conserves resources to weather a protracted industry downturn.
Mastercard Inc. named Jeremy Fleming, the former head of the UK’s security and intelligence agency, as a senior adviser to help the global payments company safeguard proprietary information.
Merger arbitrage traders don’t expect deals to pick up until next year, though they are seeing signs of diminishing antitrust fears, while software companies are becoming attractive targets.
Adobe Inc.’s rivals and customers are being quizzed by European Union watchdogs on whether the US software firm could upend fair competition in the interactive product design market after its proposed $20 billion buyout of Figma Inc.
Bulls hoping the Nasdaq 100’s best day since August is the start of a meaningful rebound may be about to get a boost from a long-standing ally: tech companies themselves.
The US trade deficit shrank to an almost three-year low in August, reflecting a pullback in American demand for foreign merchandise and a pickup in goods shipments overseas.
