News

The missing funds explain what is at the heart of the worst meltdown in the U.S. fintech sector since its emergence after the 2008 financial crisis.

Apollo Asset Management's co-president Scott Kleinman had a more contrarian view: He said he'd be betting against any rate cuts in 2024. 

A group of Credit Suisse bondholders have filed a lawsuit over the Swiss government's decision to write down the failed bank's Additional Tier 1 debt.

Chinese EV company Nio plans to expand to the Middle East this year, and begin delivering vehicles under a third brand in the first half of next year.

Chinese e-commerce giant Alibaba is ramping up its global expansion with new services aimed at attracting small businesses in the U.S. and Europe.

U.S. consumers may still be feeling the effects of inflation for quite some time, according to Five Below CEO Joel Anderson.

Shares of GameStop shot to session highs Thursday after "Roaring Kitty" scheduled a livestream on YouTube, which would be his first one in almost four years.

Enterprise tech giant Salesforce is opening an artificial intelligence center in London, making a bullish bet on the U.K. as a global technology hub.

Bulgarian-founded corporate card startup Payhawk said it is targeting acquisitions to help it grow its footprint in the U.S.

Hanesbrands has agreed to sell its Champion brand to Authentic Brands Group in a transaction valued at $1.2 billion, the company announced Wednesday.

Barry Sternlicht defended his decision to put a cap on how much money investors could pull from his real estate fund.

Ashkenazi will replace Ruth Porat, who will become president and chief investment officer of the company after nearly a decade as chief financial officer.