Hanesbrands has agreed to sell its Champion brand to Authentic Brands Group in a transaction valued at $1.2 billion, the company announced Wednesday.

Barry Sternlicht defended his decision to put a cap on how much money investors could pull from his real estate fund.

Billionaire investor Ron Baron, longtime Tesla bull and shareholder, wrote an open letter in support of CEO Elon Musk’s controversial $56 billion pay package.

Private job creation slowed more than expected in May, signaling further slowing in the labor market.

These are the stocks posting the largest moves in premarket trading.

The new Google executive will replace Ruth Porat, who will become president and chief investment officer of the company after nearly a decade as CFO.

The sprawling shopping complex is already home to 1,200 stores, 200 food and beverage outlets, an aquarium, a skating rink, and indoor amusement parks.

Starling will pursue international expansion via its software business Engine rather than via banking licenses, incoming CEO Raman Bhatia said.

BlackRock and Citadel Securities are among investors backing a group seeking to start a new national stock exchange in Texas.

Despite the lower valuation, Nium is confident it can go public in the next 18 months and is eyeing late 2025 for its stock market debut.