Meta’s Threads App to Launch Web Version as Rivalry With X Enters New Stage
A web version of the new text-first app is one of the features users have asked for and could help it compete with X after a decline in usage.
Chinese Developers’ Shares Fall After PBOC Holds Mortgage Rate
Shares of many Chinese property developers fell as investor sentiment took a hit after the country’s central bank kept its mortgage rate unchanged, exacerbating concerns over problems in the country’s property sector.
Wall Street All-Stars Including Weinstein, Ackman Bid for Hedge Fund
Drama-plagued Sculptor Capital already agreed to a sale to Rithm Capital.
Bankrupt Yellow Draws New $1.5 Billion Bid for Truck Terminals
Old Dominion Freight Line’s proposal outbids rival Estes Express, stepping up the competition for a network of 169 terminals.
America’s Tech Giants Rush to Comply With New Curbs in Europe
Some of the impact will hit right away, changing how users scroll, search and shop online.
The AI Trade Faces Its First Major Test With Nvidia Earnings
The chip maker’s rosy forecast lifted markets in a turbulent time-but the bar to dazzle investors is higher now.
Macau Reclaims Crown From Vegas as World’s Top Gambling Hub
Fortunes of MGM, Sands and Wynn are rising after they bled cash during years of pandemic border restrictions in the Chinese city.
Retailers Are Fleeing Downtown San Francisco. IKEA Is Moving In.
The opening will test a new format that the Swedish furniture company is rolling out globally-a pared-back store aimed at casual shoppers and office workers.
Schulman Having Bumpy Landing After Taking PayPal to New Heights
With the company’s market value having plunged nearly $300 billion since its July 2021 peak, CEO Dan Schulman is relinquishing the reins after nine years.
Viral Makeup Company’s Valuation Looks Oddly High
Oddity Tech, owner of the wildly popular online makeup brand Il Makiage, has priced in a flawless future.
Source: Dow Jones Newswires