Alibaba Group Holding Ltd. is shaking up its leadership, with Daniel Zhang planning to step down from his roles as both chairman and chief executive.

The Reserve Bank of Australia’s move to raise the official cash rate in June was “finely balanced,” amid increasing evidence that pressure is building quickly under wage growth, the main trigger for the increase that surprised many in financial markets.

The Reserve Bank of Australia’s move to raise the official cash rate in June was “finely balanced,” amid increasing evidence that pressure is building quickly under wage growth, the main trigger for the increase that surprised many in financial markets.

This was the first cut in the benchmark loan rates since August 2022, as Beijing moved to roll out more measures to buoy growth.

This was the first cut in the benchmark loan rates since August 2022, as Beijing moved to roll out more measures to buoy growth.

Podcaster and Spotify SA executive Bill Simmons thinks Prince Harry and Meghan Markle are “grifters,” after the royal couple ended their relationship with the streaming platform following an unproductive production deal.

The stock market isn’t the only place where a handful of companies are driving powerful gains. It’s happening too in distressed junk bonds.

Raytheon Technologies said Monday it will produce and deliver 571 AIM-9X Sidewinder missiles and parts for the U.S. Navy, U.S. Air Force and foreign military sales customers as part of a $264 million modification to a contract it received at the end of last year.

Swedbank said Monday that it has reached a final settlement with the U.S. Treasury’s Office for Foreign Assets Control regarding the bank’s past shortcomings in preventing money laundering, agreeing to pay 37 million Swedish kronor ($3.5 million).

Home builder sentiment rose for the sixth month in a row in May, the National Association of Home Builders said.