US Business

The Securities and Exchange Commission will regulate cryptocurrency markets to the maximum extent possible, Chairman Gary Gensler said, as he called on Congress to grant the agency more authority and resources to regulate the sector.

Spirit Airlines canceled over half its flights as the airline continues to grapple with an operational meltdown that has thrown its operation into disarray.

The snacks-and-beverage company plans to sell Tropicana and other juice brands to private-equity firm PAI Partners in a deal valued at roughly $4.5 billion.

The meat giant’s decision drew pushback from some union leaders, signaling tensions between management and workers over stepped-up efforts to guard against more contagious variants of Covid-19.

Electric-car maker Li Auto kicked off a near-$2 billion stock offering in Hong Kong, joining a string of U.S.-listed Chinese companies in tapping investors closer to home.

Shares in Tencent and rivals plummeted after a state-owned newspaper criticized online gaming as “opium for the mind,” fueling investor concerns that the companies’ popular games could be swept up into a broader regulatory crackdown.

A federal official from the National Labor Relations Board recommends that the results be nullified from an earlier vote in which Amazon warehouse workers in Alabama cast ballots against unionizing.

The companies are among a growing number of national businesses resetting their policies in the face of the Delta variant.

The government hopes patient testimony—if a judge allows it—in the closely watched criminal fraud trial will support the charge that Elizabeth Holmes touted the company’s medical tests as reliable despite knowing of bad results. The former executive has pleaded not guilty.

The acquisition of the Australian installment-payment company illustrates how financial technology firms are seeking scale to challenge banks for a bigger slice of the payments industry.