The shadow of the Chandrayaan-3 spacecraft is seen on the moon's surface.ISROThe list is grim reading: Stuck, failed, missed, failed, failed, stuck, failed, crashed, missed, crashed, crashed.Those were the fate of the Soviet Union's first 11 attempts before successfully landing a spacecraft on the moon, according to a database...
Buried deep within a regulation that increases scrutiny of private-fund advisors is a rule that applies to all investment advisors and requires that advisors document their annual compliance review. The provision can be found on page 302 of the final private-fund-advisor rule and was approved Wednesday by the SEC, 3-2,...
An SEC split along party lines approved rules Wednesday to increase the transparency and oversight of private funds, a move that could make it more expensive for investment advisors who manage such funds. In a 3-2 vote, the Securities and Exchange Commission adopted regulations designed to better illuminate the inner...
Scott Olson | Getty ImagesEight candidates will take the stage for the first Republican presidential debate Wednesday night — and experts are watching closely for comments on key tax policy issues."The 800-pound gorilla in the room is the Tax Cuts and Jobs Act and the expiration of all the...
A boutique fund manager with a line of single-Treasury-bill ETFs is trying to follow in Vanguard’s footsteps — but in reverse — hoping to add a mutual fund share class to the products. On Tuesday, F/m Investments filed a request for exemptive relief with the Securities and Exchange Commission for...
Rafael Henrique | Lightrocket | Getty ImagesCVS Health is partnering with drugmaker Sandoz to produce a near identical version of the blockbuster arthritis treatment Humira that will sell for 80% below the price of the brand-named drug.The move is part of the company's new venture focused on securing, and...
People walk past a Nike sporting goods store at a shopping complex in Beijing, China, March 25, 2021.Florence Lo | ReutersNike's stock tumbled Wednesday for the 10th day in a row after Foot Locker reported dismal quarterly results and consumers continue to pull back from the footwear sector. The sneaker...
Juul Labs signage is seen in the window of a store in San Francisco, June 25, 2019.David Paul Morris | Bloomberg | Getty ImagesJuul Labs said Wednesday it's planning to cut about 30% of its workforce as it looks to cut costs and boost profits.The layoffs will affect about...
Customers walk with Foot Locker shopping bags on the Third Street Promenade in Santa Monica, California.Patrick T. Fallon | Bloomberg | Getty ImagesFoot Locker reported another quarter of falling sales and slashed its outlook for the second time this year on Wednesday as inflation-weary consumers think twice before shelling...
Abercrombie & FitchCourtesy: Abercrombie & FitchShares of Abercrombie & Fitch soared Wednesday, after the retailer crushed Wall Street's quarterly earnings and sales expectations and raised its forecast for the year.On a call with investors, CEO Fran Horowitz said the retailer's performance is the "culmination of years of hard work." She...