A bipartisan group of senators led by Utah Republican Mike Lee introduced legislation Thursday that would take aim at conflicts of interest in the advertising technology industry and force Google to break up its dominant online-ad business. The bill, co-sponsored by Sens. Ted Cruz (R., … Read More

Elon Musk’s recent tweets cast doubt on whether the billionaire will follow through with his agreement to buy Twitter Inc. TWTR -1.14% for $44 billion. Twitter’s board, meanwhile, says the agreement remains in effect and it intends to enforce it. As with everything involving the … Read More

WASHINGTON—Securities and Exchange Commission Chairman Gary Gensler said Wednesday he worries that more investors will be harmed in cryptocurrency markets, after this month’s implosion of the stablecoin known as TerraUSD. “I think a lot of these tokens will fail,” Mr. Gensler told reporters after a … Read More

Inflation is catching up with some of America’s biggest retailers, as their recent quarterly results were pinched by higher costs on everything from products to fuel. Investors dumped shares of Walmart Inc., Target Corp. and other big chains—notching some of the biggest declines since the … Read More

Melvin Capital plans to close its funds and return the cash to its investors, capping a stunning reversal for a firm that lost big on the surge in meme stocks last year and on wagers on growth stocks this year. In a letter to investors … Read More

Cathie Wood isn’t pleased about one of her most popular investments, Tesla Inc., being excluded from a prominent index that tracks eco- and socially friendly companies. “Ridiculous,” was essentially Wood’s terse response to news that the S&P 500 ESG Index has dropped Elon Musk’s electric-vehicle … Read More

Target Corp. TGT -23.89% shares tumbled after the retailer posted lower quarterly earnings and said it would absorb higher costs this year rather than raise its prices. Sales at the Minneapolis-based retailer increased in the most recent quarter as shoppers spent more on food and … Read More

U.S. stock indexes fell in early trading, following signs that rising costs were weighing on some companies’ profits, putting Wall Street on course to extend the year’s volatility. The S&P 500 fell 1.1% Wednesday. The tech-focused Nasdaq Composite receded 1.6% and the Dow Jones Industrial … Read More

Jamie Dimon’s compensation puts him among the highest paid CEOs in the S&P 500. Photo: Chris Ratcliffe/Bloomberg News Updated May 17, 2022 5:16 pm ET JPMorgan Chase & Co. shareholders objected to a roughly $50 million retention bonus for Chief Executive Jamie Dimon and voted … Read More

One of Allianz SE’s ALIZF -1.73% U.S. investing divisions pleaded guilty to securities fraud and agreed to pay about $6 billion in penalties and restitution to investors who suffered losses when some of the subsidiary’s hedge funds tanked during the March 2020 market selloff. Allianz … Read More