Cathie Wood's ARK Innovation ETF Sinks During Selloff

A broad selloff in technology shares is punishing fund manager Cathie Wood's flagship ARK Innovation exchange-traded fund.

 
DocuSign Shares Fall More Than 40% as Customer Behavior Shifts

The e-signature software maker missed on a key earnings metric during the October quarter, pulling in billings that fell short of its prior guidance.

 
Didi Plan to Delist in New York Rocks Other Chinese ADRs

The Chinese ride-hailing giant is aiming for a Hong Kong listing in early 2022, further evidence of a broader U.S.-China decoupling.

 
China Evergrande Requests Help From Government as Debt Crunch Looms

The government of Guangdong, China's province where the struggling developer is based, says it will dispatch a working group at the request of Evergrande to help the company manage its risks.

 
China Set to Create New State-Owned Rare-Earths Giant

The move, expected to be announced this month, would aim to strengthen China's dominance of the global supply chain around the strategic metals.

 
Retailers Bolster Security After 'Flash Mob' Robberies

Thefts during the busy holiday shopping season mark an increase in intensity because of the size of the criminal groups and the organized nature of the crimes, said retail and security executives.

 
Allianz Strikes Deal Over Management of $35 Billion in U.S. Annuities

The financial giant's U.S. life insurer reached an agreement to reinsure liabilities of $35 billion in one of the largest transactions of its kind.

 
AmEx Business Travel Going Public Through Merger With Apollo SPAC

The booking services provider under CEO Paul Abbott is merging with a blank-check company after it made several acquisitions during the pandemic.

 
Citigroup Applies for China Securities License

The Wall Street bank joins JPMorgan, Goldman Sachs and others in seeking a deeper foothold in the country after ownership restrictions that were in place for years were lifted.

 
All Pinterest Wants for Christmas Is Users

Pinterest bulls hoping users will come home to the platform for the holidays may be disappointed.

(END) Dow Jones Newswires

December 03, 2021 15:00 ET (20:00 GMT)

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