The US service sector stalled in September as business activity shrank for the first time since the pandemic and orders barely expanded. The Institute for Supply Management’s index of services dropped 2 points to 50, a level that indicates stagnation, the group said...

Apple Inc. received a relatively rare bearish analyst rating on Friday, as Jefferies warned that expectations surrounding how fast customers will upgrade their iPhones had become excessive. Analyst Edison Lee cut his rating on the stock to underperform from hold,...

German Chancellor Friedrich Merz on Friday implored Germans to either embrace uncomfortable reforms or watch their economy fade. “Our nation is in the midst of an important, perhaps decisive phase in its modern history,” Merz said in a speech in Saarbruecken marking...

OpenAI has completed a deal to help employees sell shares in the company at a $500 billion valuation, propelling the ChatGPT owner past Elon Musk’s SpaceX to become the world’s largest startup. Current and former OpenAI employees sold about $6.6 billion of stock to...

Citizens Financial Group Inc.’s results are being driven by growth of the bank’s wealth business and a revival in capital markets, including a comeback for mergers and acquisitions, Chief Executive Officer Bruce Van Saun said. “There’s now a tick-up in deal flow,...

US family offices are paying their top money managers the most competitive salaries globally as the number of private investment firms for the ultra-rich proliferate and they become increasingly professionalized. Almost one of every five chief investment officers at...