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China's Consumers Extend Economic Rebound From Pandemic
A gauge of activity in China’s services sector reached its highest level in more than a decade in March, a sign that Chinese consumers are
Virgin Orbit to Cut Workforce by 85%
The satellite-launch company is cutting expenses after failing to secure meaningful funding. Source link
Bed Bath & Beyond Ends Hudson Bay Deal, Turns to Market for $300 Million to Avoid Bankruptcy
Bed Bath & Beyond Inc. said it will try to sell up to $300 million of common stock in the open market while terminating a
Ford Raises Price Again on Electric F-150 Lightning Truck
Business Autos & Transportation Autos Industry Auto maker resumes full production of the truck after addressing a battery issue Source link
JD.com's Property and Industrial Units Seek About $1 Billion Each in Hong Kong IPOs
The Chinese e-commerce giant said it plans to spin off the two businesses through separate listings. Source link
FTX Founder Sam Bankman-Fried Pleads Not Guilty to Latest Federal Charges
Markets Currencies Cryptocurrency Lawyer says latest charges go against terms of the extradition agreement with the Bahamas Source link
Fed, Treasury Fine Wells Fargo for Sanctions Violations
Markets Financial Regulation Federal Reserve and the Treasury Department are fining the bank $97.8 million Source link
Wall Street Bonuses Fall by Most Since 2008
The average bonus was $176,000 last year, down 26% from 2021. Source link
Jack Ma Engineered Alibaba's Breakup From Overseas
The Chinese billionaire used his influence within Alibaba Group, the e-commerce empire he built, to orchestrate its breakup plans, people familiar with the matter said.
Bond Rally at Risk as Bank Stress Diminishes
The sharpest rally for U.S. government debt in years has left investors and analysts warning that bond markets are vulnerable to a reversal. Source link