Legendary short seller Jim Chanos told the Wall Street Journal Friday that he is closing his hedge funds, saying that “the marketplace for what I do has changed.” Chanos expects to return most of his investors’ cash by Dec. 31, the newspaper reported. ...

Cybersecurity firm Palo Alto Networks Inc. PANW said in a filing Friday said that its board has approved the repurchase of up to an extra $316.7 million of the company’s stock. The OK from the board represents an increase to the company’s existing $3.3...

Shares of Nikola Corp. NKLA dropped nearly 1% in the extended session Friday after the EV maker said Chief Financial Officer Anastasiya “Stasy” Pasterick has resigned “to pursue other opportunities.” Pasterick will continue to serve as CFO and assist w...

U.S. stocks eked out marginal gains on Friday to cap off the best three-week stretch for the S&P 500 and Nasdaq Composite since 2020, Dow Jones Market Data show. The S&P 500 SPX gained 5.78 points, or 0.1%, to finish Friday’s session at 4,514.02, accor...

Microsoft Corp. shares MSFT extended their decline late in Friday’s session as OpenAI announced that Sam Altman has stepped down as chief executive of the ChatGPT creator. Altman’s exit “follows a deliberative review process by the board, which conclud...

New York Attorney General Letitia James and a coalition of five attorneys general have reached a $6.5 million settlement with Morgan Stanley for allegedly “compromising the personal information of millions of customers nationwide.” The bank did not dec...

Oil futures climbed on Friday, recouping most of the losses seen a day earlier that pulled prices to their lowest since July. Saudi Arabia is planning to prolong its voluntary oil production cut into next year, the Financial Times reported Friday. The ...

Shares of Palantir Technologies Inc. PLTR were rising 3.4% in Friday’s session toward their highest close in nearly two years. The stock recently changed hands at $20.43 and is on track to log its highest finish since Nov. 30, 2021, when it ended at $2...

Baker Hughes BKR on Friday reported that the number of active U.S. rigs drilling for oil rose by 6 to 500 this week. That followed two consecutive weekly declines. The total active U.S. rig count, which includes those drilling for natural gas, also cli...

Amazon.com Inc. AMZN is eliminating several hundred jobs related to its Alexa smart assistant and shifting resources toward generative AI, the e-commerce company said in a memo to employees on Friday. The company, which plans to eliminate positions in...

Share of Gap Inc. GPS gapped 20% higher at Friday’s opening price of $16.39 Thursday’s close was $13.67 — then kept climbing to be up 30.9% toward a 21-month high in morning trading, after the apparel retailer beat quarterly profit expectations by a wi...

Shares of ChargePoint Holdings Inc. CHPT plunged 36.4% toward a record low Friday, after the electric vehicle charging station company warned of a revenue miss and announced departures of two top executives. The stock was also headed for the biggest on...

AT&T Inc. T plans to create a standalone managed cybersecurity services joint venture, the company said Friday. WillJam Ventures, a Chicago-based investor, has agreed to make a capital investment in the new business. “At close, the new cybersecurity jo...