Shares of DraftKings jumped 8% on Wednesday after the company said Michael Jordan is joining the betting company as a special advisor.

Baillie Gifford has reduced its position in Tesla to below 5% but said it intends to „remain significant shareholders for many years ahead.“

Swiss watchdog FINMA said Wednesday it had initiated enforcement proceedings against Credit Suisse over the spying affair that came to light last year.

Citi says has become the first U.S. bank to receive a domestic fund custody license from the Chinese regulator, while New York-based global asset management giant BlackRock gained approval last month to establish a local subsidiary.

Baillie Gifford has reduced its position in Tesla to below 5% but said it intends to „remain significant shareholders for many years ahead.“

Macy’s said its second-quarter digital sales were up 53% from a year ago.

A massive cohort of baby boomers in China will be retiring in the coming years are spending in ways that are different compared to today’s retirees, according to a Credit Suisse report.

Investors — even market bulls — who are trying to figure out what will break the market’s momentum are just about at a loss for arguments.

Higher relative exposure to tech names like Amazon, Apple, Microsoft and Tesla has led to greater returns for women-led mutual funds this year, according to Goldman Sachs.

Apple and Tesla rose sharply on Monday, the first day of their stock splits.