The company recently attempted to fend off short sellers by advising investors on ways to prevent their shares from being loaned for short-interest positions.
For millions of American workers, the federal government took two actions this week that could bestow potentially far-reaching benefits. In one move, the Federal Trade Commission voted to ban noncompete agreements, which bar millions of workers from leaving their employers for a specific period of time. In a second move, the Biden administration finalized a rule that will make millions more salaried workers eligible for overtime pay.
U.S. and European shares turned lower on Wednesday ahead of more corporate earnings this week and the yen was mired near 34-year lows, keeping traders wary of intervention from Japan. An after-hours surge in shares of electric vehicle maker Tesla, following its promise of new models, and upbeat earnings from some U.S. companies initially lifted sentiment, spurring a rally in tech stocks in Asia, where the sector rose 3.6% and Europe, where it gained 2.5%.
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