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The Latest Breaking News from WSJ

China Tech's Dwindling Fortunes Fuel More Alibaba Stake Selloff Speculations By SoftBank

The dwindling fortunes of the Chinese tech shares have prompted concerns over Alibaba Group Holding Ltd (NYSE:BABA) stake selloff by SoftBank Group Corp (OTC:SFTBY) (OTC:SFTBF), the Wall Street Journal reports. SoftBank's single most significant investment in the e-commerce giant was hit hard by the domestic crackdown. The Nasdaq Golden Dragon China Index of U.S.-listed Chinese stocks…

Benzinga

Russia-Ukraine latest updates: Biden defends Putin remarks

Ukraine news from March 28: Joe Biden refuses to backtrack after saying Vladimir Putin ‘cannot remain in power’.

Al Jazeera

Russian Invasion of Ukraine Proves To Be Another Headache For Alibaba: WSJ

The Western sanctions on Russia became a bone of contention for Alibaba Group Holding Ltd (NYSE: BABA), as Russia proved to be a bright spot for its AliExpress,

Benzinga

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President Biden Says US Will Respond If Russia Uses Chemical Weapons In Ukraine: WSJ

U.S. officials said that President Biden had embraced a longstanding U.S. approach of using the threat of a potential nuclear response to deter conventional and other non-nuclear dangers and nuclear ones.

Benzinga

Uber makes peace with New York City taxis

The citywide agreement will put yellow taxis on its app

Axios

Novavax's COVID-19 Vaccine Scores Green Light In India with First Approval For Adolescents

Novavax Inc's (NASDAQ:NVAX) COVID-19 vaccine has got emergency-use authorization from the Drugs Controller General of India for children aged 12 to 17 years. The authorization is a global first approval in adolescents for the vaccine manufactured and marketed in India by the Serum Institute of India under the brand name Covovax. Novavax said…

Benzinga

SEC Proposes Mandatory Disclosure Of Climate-Change Risks, Emissions: WSJ

U.S. regulators proposed stringent requirements for publicly traded companies to report information on greenhouse-gas emissions and risks related to climate change.

Benzinga

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American Airlines To Resume Alcohol Sales From Mid-April: WSJ

American Airlines Group Inc (NASDAQ:AAL) is set to resume selling alcoholic beverages on many domestic flights from April, reported WSJ. American Airlines was the last major U.S. airline to delay selling alcoholic beverages because of the rise in unruly passenger behavior. Airlines suspended food and beverage service after the travel demand declined…

Benzinga

Regulator Defers MGM Stakeholder's Nevada Gaming License By 1 Month

Nevada Gaming Commission shelved MGM Resorts International (NYSE:MGM) stakeholder Barry Diller’s licensing by a month until an April commission meeting, the Wall Street Journal reports. The move coincided with insider-trading investigations by federal authorities into his share purchases of Activision Blizzard Inc (NASDAQ:ATVI). In 2020, Diller and his internet holding company, IAC/InterActiveCorp (NASDAQ:IAC), admitted spending over $1 billion for…

Benzinga

Biden, Democrats Fall Short On Voters' Key Issues: WSJ

The Wall Street Journal poll concluded that President Biden failed to satisfy 57% of voters despite an appreciation for his response to the Russian - Ukraine crisis and a recent State of the Union speech. The poll results were consistent with WSJ's previous poll taken during mid-November. Biden's fellow Democrats also lost ground to Republicans…

Benzinga

Falling Chip Prices Are Making 5G Phones More Affordable: WSJ

The falling price of the 5G phone specialized semiconductors helped make faster mobile service affordable to more lower-income consumers globally, the Wall Street Journal repor

Benzinga

Democrats Remove $15.6B COVID-19 Provision To Pass $13.6B Aid for Ukraine: WSJ

The House passed a $1.5 trillion spending bill, including emergency aid for Ukraine, after Democratic leaders decided to remove the $15.6 billion in COVID-19 assistance, as some Democratic lawmakers said they felt blindsided by the provision.

Benzinga

Microsoft Security Chief Stresses On Importance Of Combating Cyberattacks Through Cloud Adoption

Microsoft Corp's (NASDAQ:MSFT) new security chief, Charlie Bell, emphasized the importance of solving cyberattacks by embracing cloud, the Wall Street Journal reports. Microsoft has built a $15 billion business and one of the world's most enormous private cyber armies to counter cyberattacks. WSJ notes that U.S. banks flagged nearly $600 million in…

Benzinga

Microsoft's Activision Acquisition Triggers Regulatory Subpoenas Over Workplace Harassment

The Wall Street Journal reports that federal and state regulators have broadened their investigations into Activision Blizzard Inc's (NASDAQ:ATVI) leadership role in handling workplace misconduct claims. State watchdog, The California Department of Fair Employment and Housing subpoenaed Activision's directors over its workplace issues. It also has subpoenaed police departments in the Los Angeles area…

Benzinga

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Al Jazeera

Gates Foundation no longer centre of Melinda’s giving plans: WSJ

Melinda French Gates is no longer pledging to give away the lion’s share of her wealth to the Gates Foundation.

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