SK Hynix revealed plans to buy back 40 trillion won ($29 billion) of stock and return more of its profits to shareholders. The memory chipmaker will buy back as many as 24 million treasury shares between Aug. 20 and Nov. 19 and cancel them. Neil Campling reports on Bloomberg Television.
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Starboard Value CEO Jeff Smith says his firm has built a new stake in Shake Shack, describing the burger chain as a great, undervalued brand that can grow faster by leaning into franchising in the US

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Lululemon built its reputation on leggings. But a product launch earlier this year quickly turned into a see-through problem. Now, the embattled athleisure giant has a new CEO and a seemingly fresh start. Lily Meier reports.
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Brad Stone gives a sneak peek at Businessweek’s annual Screentime issue
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The crypto industry will get market structure rules even if Congress fails to pass landmark legislation, the head of the Commodity Futures Trading Commission Chairman Michael S. Selig https://bloom.bg/4wAKqwX

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