Updated Nov. 1, 2023 10:36 am ET Prosecutors began their final pitch to the jury that will decide the fate of Sam Bankman-Fried by highlighting the thousands of people who lost billions…
Tag: WSJ-PRO-WSJ.com
Trading Startup Sues Regulator in Effort to Launch Election-Betting Market
WASHINGTON—An online-trading startup is suing the federal government after regulators blocked its plan to let people bet on U.S. elections. The company, Kalshi, said in a complaint filed Wednesday in the U.S….
Match Group, Google Reach Binding Term Sheet in Legal Battle
Match Group and Alphabet-unit Google reached a binding term sheet for a settlement regarding their claims against each other in their legal battle. The online dating company said in a letter to…
After a Boom and Bust, the Chip Industry Is Regaining Its Health
Updated Nov. 1, 2023 12:02 am ET The global semiconductor industry is bottoming out, executives say, signaling a rebound in some areas of technology and providing relief for the U.S. government, which…
Waystar IPO Delayed Until December or 2024
Updated Oct. 31, 2023 3:40 pm ET One of the last big IPOs of the year just got delayed as the short-lived rebound in the new-issue market unravels. Waystar was set to…
Lumen Technologies Pushes Out Debt Maturity With Agreement
Lumen Technologies has reached a deal with a group of creditors to push out maturities of its debt and secure additional financing. The Denver-based telecommunications company said Tuesday that the group of…
Sam Bankman-Fried’s Lawyers Seek to Regain Ground in FTX Trial
Sam Bankman-Fried’s lawyers rested their case Tuesday after seeking to rehabilitate the FTX founder’s credibility from the prosecutors’ two-day grilling. Bankman-Fried, dressed in a gray suit, floundered through the end of Assistant…
Stocks End October With Gains, Post Monthly Losses
A busy day for corporate earnings reports ended with major stock indexes higher, though not enough to prevent them from a third-straight monthly decline. The S&P 500 climbed 0.6% on Tuesday, to…
Biden’s ‘Junk Fee’ Crackdown Comes for Retirement Advice
Americans rolling over their money into an individual retirement account from a 401(k) will have more protections on the advice they get as part of a Labor Department proposal released Tuesday. Under…
Never Mind Covid, Investors Want a Pfizer Obesity Pill
Some of this year’s best performers in the healthcare sector are companies expected to profit from the anti-obesity drug craze, with Eli Lilly and Novo Nordisk shares both up more than 40%…