Business
Wall Street Shuffles Bets on Consumer Loans as Economy Slows
The looming prospect of a recession has Wall Street shifting its bets on which debts Americans will make good on…
SoftBank Reports Record $23 Billion Quarterly Loss as Tech Downturn Hits
TOKYO—Japanese technology investor SoftBank Group Corp. on Monday reported a record quarterly loss of more than $23 billion after its…
Carlyle Chief Executive to Step Down
Carlyle Group Inc. Chief Executive Kewsong Lee is leaving the private-equity firm, as it struggles to expand and its shares…
Hong Kong cuts hotel quarantine for travelers to 3 days, plus 4 days of home medical surveillance
Hong Kong is reducing the amount of time travelers will need to serve hotel quarantine, from seven days down to…
Baidu’s robotaxis don’t need any human staff in these parts of China
Chinese tech company Baidu announced Monday it can sell some robotaxi rides without any human staff in the vehicles.BaiduBEIJING —…
UPS Nears Deal to Buy Italian Healthcare-Logistics Provider Bomi Group
United Parcel Service is nearing a deal to acquire Italy’s Bomi Group, according to people familiar with the matter, as…
Berkshire Hathaway Posts Strong 2nd-Quarter Earnings, but Reduces Buybacks
Berkshire Hathaway Inc. (BRK.A, Financial) is one of the world’s largest investing conglomerates. The company is a diversified giant which…
Loyalty Ventures: A High-Risk, High-Reward Opportunity
Plano, Texas-based Loyalty Ventures Inc. (LVLT) looks like it is circling the drain. However the situation is not as bad…
CVS Plans to Bid for Signify Health
CVS Health is seeking to buy Signify Health according to people familiar with the matter, as the drugstore and insurance…