The leading streaming service had fewer than one million U.S. subscribers on its ad-supported subscription plan as of March.

The financier, who retains a role at SoftBank, recently agreed through his new fund to provide the office landlord nearly $500 million of high-interest debt, putting him on two sides of the same deal.

Michael Roffler plans to tell House lawmakers that his company was the victim of industrywide panic about the health of midsize banks.

The company has said it expects its shares, now trading for pennies, will be worthless.

Cheap lending has hit banks’ interest margins, which could weaken their capital positions.

In Philly’s hotly contested mayoral race, one that came down to the wire in a contest with no clear favorites, it all came down to who you know.
Former Councilmember at large Cherelle Parker won the Democratic Party’s nomination and is all but assured to be elected in November as Philadelphia’s 100th mayor — the first woman to do so in city history, dating back to the 1600s. She rode a wave of endorsements from elected officials, ward committees and unions.

There’s stuff to promote now. The followers can come later.

Online fashion giant Shein raised $2 billion in its latest fundraising round that values the company at $66 billion, about a third less than a year earlier.

The Kuomintang nominated Hou Yu-ih, a popular mayor who has said little about geopolitical issues, as the party tries to appeal to voters wary of Beijing.

Festival organizers are trying to block plans to build a clean energy plant in the Nevada desert, highlighting the struggle to combat climate change and the cost of clean power.