Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes

Elon Musk's Belated Disclosure of Twitter Stake Triggers Regulators' Probes

WASHINGTON—Federal regulators are investigating Elon Musk’s late disclosure last month of his sizable stake in Twitter Inc., TWTR -2.48% according to people familiar with the matter, a lag that allowed him to buy more stock without alerting other shareholders to his ownership. The Securities and Exchange Commission is probing Mr. Musk’s tardy submission of a … Read more

Elon Musk’s Belated Disclosure of Twitter Stake Triggers Regulators’ Probes

Elon Musk's Belated Disclosure of Twitter Stake Triggers Regulators' Probes

WASHINGTON—Federal regulators are investigating Elon Musk’s late disclosure last month of his sizable stake in Twitter Inc., TWTR -2.48% according to people familiar with the matter, a lag that allowed him to buy more stock without alerting other shareholders to his ownership. The Securities and Exchange Commission is probing Mr. Musk’s tardy submission of a … Read more

Cryptocurrency TerraUSD Plunges as Investors Bail

Cryptocurrency TerraUSD Plunges as Investors Bail

A selloff in a cryptocurrency that was supposed to be pegged to $1 accelerated Wednesday, briefly sending its price to less than a quarter of that value. TerraUSD traded as low as 23 cents Wednesday, according to data from CoinDesk. As of 8:53 am ET, it had partially rebounded to about 30 cents in volatile … Read more

Inflation Weighed on Consumer Spending Growth in February

Inflation Weighed on Consumer Spending Growth in February

Consumer spending growth, a key engine of the economy, slowed sharply in February, as the Omicron surge of Covid-19 eased and accelerated inflation amid Russia’s invasion of Ukraine. US households boosted their sending at a seasonally adjusted 0.2% pace in February from the month before, down from a revised 2.7% rate in January, when spending … Read more

SEC Proposes New Disclosure Requirements for SPACs

SEC Proposes New Disclosure Requirements for SPACs

WASHINGTON—Federal regulators proposed a bevy of new requirements for special-purpose acquisition companies, or SPACs, and their takeover targets amid widespread concern that the vehicles skirt important investor protections. The Securities and Exchange Commission advanced a set of rules Wednesday that, if implemented, would make it harder for SPACs to raise money from investors and execute … Read more

Hackers Steal $540 Million in Crypto From ‘Axie Infinity’ Game

Hackers Steal $540 Million in Crypto From 'Axie Infinity' Game

A cryptocurrency startup that operates a popular online game called “Axie Infinity” said Tuesday that hackers stole more than $500 million worth of cryptocurrency. “Axie Infinity” publisher Sky Mavis Ltd. said on March 23, hackers infiltrated a part of its Ronin Network, which the game runs on. The infiltrators got access to accounts holding cryptocurrencies … Read more

Consortium to Buy Nielsen for $10 Billion

Consortium to Buy Nielsen for $10 Billion

Nielsen Holdings NLSN 20.31% PLC agreed to sell itself to a group of private-equity firms in a deal that values ​​the media-measurement company at around $10 billion, resurrecting a deal after talks fell apart last week. A consortium led by Elliott Management Corp.’s private-equity arm and Brookfield Asset Management Inc. agreed to pay $28 a … Read more

Robinhood Is Offering Extended Trading Hours, Eyes 24/7 Trading

Robinhood Is Offering Extended Trading Hours, Eyes 24/7 Trading

Robinhood Markets Inc. HOOD 24.20% said it is extending the hours it will let its users trade to between 7 am ET and 8 pm ET, an announcement that sent the stock surging Tuesday amid hopes that the investment platform can rebound from slowing growth. The brokerage, which is popular with individual investors, is expanding … Read more

US Stock Indexes Rise, Oil Prices Extend Decline

US Stock Indexes Rise, Oil Prices Extend Decline

Stocks rose and oil prices recorded their largest declines in more than a week Tuesday as US indexes moved closer to finishing a month in the green for the first time this year. Falling oil prices lifted the S&P 500’s consumer discretionary sector about 1.5% and pushed its energy sector down about 0.4%. Lower energy … Read more

Job Openings Ease Slightly From Record Highs

Job Openings Ease Slightly From Record Highs

Available jobs fell slightly for the second consecutive month in February after touching a record high late last year, a sign employers are able to fill open positions as the pandemic eases. Job openings are easing as the number of new coronavirus cases continues to fall, potentially freeing up more people to rejoin the workforce. … Read more