The artificial-intelligence craze hasn’t moved Citigroup’s year-end target for the S&P 500, but the bank’s equity analysts are keeping an eye out for what they’ve labeled the “p-AI-n trade.” That would be the pain trade inflicted by AI enthusiasm or a potential pause or pivot in the Federal Reserve’s interest-rate…

Manchester United’s stock fell Monday as a protracted takeover battle for the iconic English soccer club rumbled into its eighth month. Shares of operator Manchester United Ltd. MANU, -4.09% ended Monday’s session down 4.1%, compared with S&P 500’s SPX, -0.20% decline of 0.2%. Sheikh Jassim, the chair of Qatar Islamic…

The role of a vast network of underground fungi can suck up roughly one-third of the Earth-warming carbon emissions that burning coal, oil and gas puts off each year. It’s an amount previously unknown and that potentially can be expanded, a team of researchers said Monday. Mycorrhizal fungi are responsible…

Tech “visionaries” have been attempting to sell the world on a virtual-reality future for decades, largely using videogames and overwrought hype as a hook, but Apple Inc. took a more grown-up — and exciting — approach on Monday. When Apple AAPL, -0.76% finally showed off its much-anticipated augmented-reality headset, executives…

The U.S. Securities and Exchange Commission charged cryptocurrency exchange Binance and its founder, Changpeng Zhao, with a range of securities violations on Monday. This has struck a blow at the heart of crypto and the effect is rippling across markets. Bitcoin was down more than 5% in afternoon trading to…

Shares of Circor International Inc. rocketed toward a near five-year high Monday after the flow-control-products company announced a deal to be acquired by KKR & Co. in a cash deal valued at $1.6 billion, including debt. Under the terms of the deal, Circor shareholders will receive $49 for each Circor…

The former chief executive of YouTube and the co-founder of Zerodha, India’s biggest discount stock-trading platform, have joined the ranks of extremely wealthy people promising to give most of their money to charity. Susan Wojcicki, who stepped down as YouTube CEO in February, and her husband Dennis Troper have signed…

She took the phrase “fake it ‘til you make it,” a bit too literally.  A startup founder has pleaded guilty to cooking the books of her human resources software firm and lying about how many customers it had in order to attract over $5 million from venture capitalists focused on…

Labor unions pushing to organize Starbucks employees this week filed yet another complaint accusing the company of union-busting practices, saying the coffee giant’s membership in the United Nations Global Compact is “self-serving” and does not reflect what’s truly happening. One of the 10 principles of the U.N. Global Compact, a…

Apple Inc. already has an iPhone for your pocket, as well as a watch for your wrist.On Monday, the tech giant unveiled its Vision Pro headset to launch you into virtual and augmented reality — at a starting cost of $3,499.“It’s the first Apple product you look through, and not…