Business

The stock is on pace for its second-best day on Wall Street ever.

The South Korean tech giant Kakao’s founder has been accused of manipulating the stock price of SM Entertainment to prevent its takeover by rival HYBE—which manages BTS.

Microsoft CEO Satya Nadella, Reliance chairman Mukesh Ambani, and other deep-pocketed investors worth a collective $126 billion own franchises in Major League Cricket. But launching a new major sports league in the United States has long been a sticky wicket.

Two new-age insurers banked more than $100 million in funding in Q2, 2024. Forbes investigates whether this signifies a rising trend – or a bucking of.

The Anduril founder has sued the construction company who led a $2.5 million project to turn the property next to his Newport Beach, California, home into a giant garage.

The firm at the heart of the global IT outage was created to ‘reinvent security for the cloud era,’ according to company documents. It is headquartered in Austin, Texas, listed on NASDAQ, and is valued at $124 billion.

Woolworths, ABC, Telstra, The Australian, and are among the companies that have been impacted. Sydney Airport confirmed technical outages today. US airlines Frontier, Allegiant and SunCountry also reported their operations have been impacted due to outages.

Netflix had previously eliminated its ad-free subscription plan for new customers in the U.S., and the streaming giant will now scrap it for existing customers

In 2019, Sadi Khan founded Aven. Five years on, it has hit a $1 billion valuation and is backed by big-name investors. But is it a good idea?

Buy now pay later firm Zip Co has banked $217 million in equity, and says it’ll use the funds to pay off its corporate debts.