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Daily Business Review

T-Mobile Surprises as Tech Winner in Tough Stock Market

Mobile-phone carrier T-Mobile US's stock has jumped 26% and is flirting with an all-time high.
3 minute read

Daily Business Review

Blackstone's Tax-Free Hedge Fund Pitch Draws Senator's Scrutiny

Private placement life insurance is a decades-old strategy that has been gaining popularity among the super-wealthy as a way to protect their fortunes from income and estate taxes.
3 minute read

Daily Business Review

Musk Tells China's Censors About His Vision for the Future

Tesla Inc.'s Elon Musk contributed a column to the official publication of the Cyberspace Administration of China, the powerful agency that oversees…
4 minute read

Daily Business Review

Sinema Took Wall Street Money While Killing Tax on Investors

Democratic Sen. Kyrsten Sinema helped eliminate a proposed "carried interest" tax increase on private equity earnings while securing a $35 billion exemption that will spare much of the industry from a separate tax increase other huge corporations now have to pay.
8 minute read

Daily Business Review

FTC Looking at Rules to Corral Tech Firms' Data Collection

"Firms now collect personal data on individuals at a massive scale and in a stunning array of contexts," Federal Trade Commission Chair Lina Khan said.
4 minute read

Daily Business Review

Robinhood Must Face Manipulation Claims Over Meme Trading

U.S. District Judge Cecilia Altonaga said that the Robinhood case raises "interesting legal questions, convoluted by the novelty of Robinhood's platform, but at the end of the day, plaintiffs' market manipulation claims clear the particularized threshold."
3 minute read

Daily Business Review

Chip Shortages Drag On Amid Signs of Industry Rout

The supply of power management parts and microcontrollers, particularly those used by automakers and industrial equipment manufacturers, remains tight.
3 minute read

Corporate Counsel

NFT, Collectibles Startup Dibbs Hires Anti-Money Laundering Expert as Compliance Chief

Dibbs launched in 2020 and has already raised more than $15 million from investors, including Amazon and several pro athletes.
3 minute read

Daily Business Review

Producer Prices Fall for First Time Since Early in Pandemic

The pullback in the producer price index was due to a decline in the costs of goods, though services prices only edged up.
3 minute read

Daily Business Review

Sanofi, GSK and Pfizer Lose Billions in Value on Zantac Woes

Zantac was a once-popular antacid that has drawn a flurry of U.S. personal-injury lawsuits alleging it causes cancer.
3 minute read

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