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Dubbed “Britain’s Bill Gates,” Mike Lynch sold his data company for $11 billion in a controversial deal. Lynch is among several people missing after a superyacht, Bayesian, sank early Monday morning in a powerful storm off the coast of Sicily.

Shares of Trump Media & Technology Group Corp. are down 2.7% Monday and trading around $22.43, putting the stock on pace for its lowest close since Jan. 16, when it closed at $22.35, Dow Jones Market data show.

Income-seeking investors will soon lose their easy access to yields of over 5% in bank accounts.

The stock market has a stronger statistical record than the several other indicators

Credit spreads show the borrowing spigot remains open for companies and an economy flush with liquidity, says Mizuho.

Loans came to light last year in a short seller’s critical report.

S&P is tracking 13 private-equity mergers of $5 billion or more in 2024, on course to beat the 22-year high set in 2021.

The Conference Board’s leading index is a gauge designed to show turning points in the economy, but has not worked well in the post-pandemic environment.

Faraday Future Intelligent Electric Inc. will host a launch event for its China-U.S. Automotive Bridge Strategy on Sept. 19, part of its plan to introduce a mass-market second brand, the company announced Monday.

AMD’s stock is rising as the company plans to buy ZT Systems and bolster its ability to provide AI infrastructure.

Shares of General Motors Co. were headed for a fifth straight gain Monday after the carmaker confirmed there will be layoffs in its software and services division.

By one measure, Wall Street is six times larger than the economy it ostensibly represents.