Investors were alarmed at suggestions by Jerome Powell, the Federal Reserve’s chairman, that interest rates could go even higher in a bid to halt inflation. Story Published at: March 8, 2023 at 01:21PM Continue Reading…
A Recession Warning Spooks the Market
A Mega Airline Merger Hits Turbulence
Regulators looking to block JetBlue’s $3.8 billion bid to buy Spirit Airways think there’s no other way to address their competition concerns. Story Published at: March 7, 2023 at 12:35PM Continue Reading…
Pressure Grows on Another Crypto Giant
Binance, the world’s biggest cryptocurrency exchange, faces a fresh wave of scrutiny from regulators and lawmakers. Story Published at: March 6, 2023 at 12:44PM Continue Reading…
Why Lawmakers Aren’t Rushing to Police A.I.
Artificial intelligence tools are proliferating throughout society, and getting more powerful. Washington has failed to keep pace. Story Published at: March 3, 2023 at 01:07PM Continue Reading…
The Battle Over E.S.G. Heads to the White House
President Biden is expected to use his first veto to protect environmental, social and corporate governance investment considerations in retirement plans. Story Published at: March 2, 2023 at 12:58PM Continue Reading…
The Heat on Salesforce Grows Ahead of a Big Earnings Call
The software giant faces mounting pressure from activist investors and pushback from employees unhappy about a wave of firings and the scaling back of office perks. Story Published at: March 1, 2023 at 01:01PM Continue Reading…
Chicago Votes for Change
After a crime surge, Chicago voters have ousted their current mayor. Story Published at: March 1, 2023 at 11:41AM Continue Reading…
Reshaping Corporate America with Billions in Giveaways
Big strings are attached to funding for chip makers, meant to bolster Democratic priorities including child care for workers and discouragement of stock buybacks. Story Published at: February 28, 2023 at 12:52PM Continue Reading…
Remembering Thomas H. Lee, a Veteran of Private Equity
The financier, who died at 78 years old, was known for prominent takeovers of Snapple and Warner Music. Story Published at: February 24, 2023 at 01:13PM Continue Reading…
Sale of Manchester United Highlights Pricey Bets on Soccer
Several bidders have emerged to buy the English soccer club, promising to pay billions to own a big piece of the world’s most popular sport. Story Published at: February 21, 2023 at 01:07PM Continue Reading…