The U.S. Justice Department has asked Tesla Inc. to provide documents related to CEO Elon Musk's tweets about taking the company private, according to a person familiar with the matter.
Spotify has been spending a lot of money on talk lately. This is in addition to all of the other expenses the company has been facing.
Shein, an online retailer, has hired Marcelo Claure, a former SoftBank Group Corp. executive, to help run its Latin American business.
Private-credit fund managers such as Blackstone Inc. have been increasingly popular in recent years. These types of funds offer investors a way to get exposure to the credit markets without having to invest directly in bonds or other debt instruments. Carlyle Group LP (CG) shares fell 0.76% in premarket trading on Thursday after the company announced it would sell its majority stake in software company Alteryx Inc (AYX) for $1.15 billion.Group Inc. and Centerbridge Partners are increasingly forming partnerships with insurers, or buying them outright.
Wall Street firms are expecting rising sales and earnings from the semiconductor company this year, and they expect the stock price to follow suit. AMD’s shares are likely to jump 19%, based on brokers’ average price target, more than its biggest US peers such as Intel Corp. and Nvidia Corp. The positive sentiment reflects AMD's ongoing progress in gaining market share from Intel in the server processor space, as well as potential gains from Meta Platforms Inc. increasing its spending on chips for its metaverse project.