Meta is trying to engage Instagram users with status updates, Messages, Stories and other retro surfaces, after the app’s Reels short-video platform didn’t translate into revenue growth for the company.
The Public Company Accounting Oversight Board said it has secured complete access to inspect China-based audit firms for the first time, resetting a three-year delisting clock for Chinese companies on American stock exchanges.
The International Energy Agency lifted its forecast for global crude demand amid a better-than-expected response to Europe’s energy crisis and surprising economic resilience among major Asian economies.
The SEC is facing off against Citadel Securities and other firms over who gets to execute—and profit from—individuals’ trades. The outcome could lead to the biggest shake-up in market structure in over a decade.
U.S. stock indexes rose at the opening after the latest inflation data came in lower than expected, suggesting the Federal Reserve could slow the pace of interest-rate increases as consumer prices come under control.