Michael J. de la Merced

Twitter’s owner has now sold $23 billion worth of Tesla stock this year, much of it after he pledged in April to stop selling shares…

The company’s huge investment portfolio lost money, while its insurance arm felt the effects of Hurricane Ian and inflation-driven rises in property and damage claims.

The restructuring includes shrinking its investment bank and raising $4 billion in capital from investors, including a state-owned Saudi bank.

The president warned Saudi Arabia that it would face “consequences” over oil cuts. Many Americans still plan to attend its investor conference this month.

Volkswagen spun off the German carmaker on the Frankfurt Stock Exchange, where its stock began trading higher despite a broader decline in European markets.

The new economic policies are meant to hark back to Thatcher-era policies, but they come at a fraught time for Britain’s public finances.

Interest in special purpose acquisition companies has waned as the fear of rising inflation pushes investors toward more conservative assets.

The public offering values the luxury sports car maker at up to $75 billion.

The agreement to buy a big stake in Yoox Net-a-Porter is a step toward consolidation in the online luxury retail industry.

The popular stock-trading app said it planned to sell shares at $38 to $42 each.