Bloomberg Jack Ma was poised to become Asia’s richest person with Ant Group Co’s initial public offering. Instead, his net worth tumbled almost $3 billion and both retail and institutional investors who were betting on a big first-day pop are in limbo. Alibaba Group Holding’s US-traded shares slid 8.1% in New York,the most since January, 2015, after Ant said its ...

Bloomberg Close contests in five key states mean the US presidential election may not be decided for days, or longer, even as President Donald Trump’s falsely claimed victory over Democrat Joe Biden with millions of ballots still to be counted. As of 6 am New York time on Wednesday, Biden had 238 electoral votes while Trump had 213, leaving both ...

Bloomberg Italy is poised to ban people from leaving or entering cities and towns in high-risk areas, likely including the financial capital Milan, as part of the government’s latest attempt to check the rapid spread of the coronavirus. A 10 pm to 5 am curfew will also be imposed across the country, according to a draft decree seen by Bloomberg. ...