BLOOMBERG Walmart Inc asked a federal court to allow it to end its credit-card partnership with Capital One Financial Corp, saying the bank has failed to meet critical standards for customer care. Walmart and Capital One entered into a contract in 2018 that made the bank the sole issuer of the retailer’s private label and co-branded credit cards. “Unfortunately, Capital ...

BLOOMBERG Shares of Alibaba Group Holding Ltd’s units that may soon become public are expected to be in high demand as the breakup unleashes value in the wake of regulatory woes, investors said. China’s online commerce leader announced plans to split its $220 billion empire into six business units, a move seen potentially boosting Hong Kong’s IPO market. The shares ...

BLOOMBERG US equity futures struggled for direction as investors braced for inflation data and corporate results that could confirm fears about the health of the financial system. Contracts on the tech-heavy Nasdaq 100 flipped to a loss while those on the S&P 500 gave up early gains to trade flat. The yield on policy-sensitive two-year Treasuries slipped below 4%, backtracking ...