Robinhood Shares Swing in Volatile Session After Earnings Miss 

The brokerage's stock fell as much as 14% at the start of the session before turning positive, one day after it reported a loss of $423 million for the fourth quarter.

Shopify Denies Allegations in Textbook Pirating Lawsuit 

The e-commerce company said it isn't liable for copyright infringement by sellers and has responded to takedown requests.

Elliott Management to Sell Stake in Hong Kong Bank, Ending Activist Campaign 

Bank of East Asia Ltd. said it has agreed to buy all the shares held by U.S. activist hedge fund Elliott Management Corp. for the equivalent of about $373 million, ending its long-running battle with an activist shareholder.

Construction Demand Lifts Caterpillar Revenue as Order Backlog Grows 

The heavy-equipment maker's quarterly revenue rose 23%, but supply-chain challenges meant it fell further behind on orders.

Tesla's Car-Karaoke Mic in China Sells Out on First Day 

EV maker introduces TeslaMic and a software update that includes karaoke tracks and videos, as it tries to catch up with local rivals in the carpool karaoke competition.

Chevron Still Has Gas in Its Tank 

Chevron's record-breaking results weren't enough to keep up with its record-breaking share prices. With the strongest balance sheet among peers, though, it will have more flexibility to woo investors later in the year.

Citigroup Fined for Misconduct in Asian Stock Trading 

Hong Kong's Securities and Futures Commission says its investigation found "pervasive dishonest behavior" among the bank's equities traders.

Fashion Brands Hope Covid Will Banish End-of-Season Sales 

Bargain hunters may have noticed stingy discounts on clothing this year. Fashion chains would like the trend to stick, although this will be challenging as inflation bites.

Ukraine Tensions Hit Deal Talks 

Italy's UniCredit pulled out of talks to take over Russian lender Otkritie, one of the first instances where tensions over Ukraine have run into corporate deal making.

Elon Musk's Decision to Slow New Tesla Models Risks Holding Up Growth 

The CEO said the company doesn't plan to introduce any new vehicle models in 2022.


(END) Dow Jones Newswires

January 28, 2022 17:15 ET (22:15 GMT)

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