Bloomberg Business

The Texas grid operator is seeking to secure an extra 3,000 megawatts of power reserves this winter to avoid an “unacceptable” risk of an emergency in extreme conditions.

It’s getting bleak for equity bulls hoping for a reprieve from the US stock market’s “higher-for-longer” tantrum.

Treasury Secretary Janet Yellen said a surprisingly resilient US economy has prompted investors to question what it will take to bring inflation down, but she cast doubt on whether that would force interest rates to stay elevated for a long period.

Campbell Brown, Meta Platforms Inc.’s head of media and sports partnerships, is stepping down from the social media company as it shifts away from promoting news content.

The Treasury market endured one of its worst days in the past year Tuesday as 30-year yields surged to the highest level since 2007.

General Motors Co. and Toyota Motor Corp. posted double-digit gains in US new car sales for the just-ended quarter even as Stellantis NV sales fell short, evidence that car buyer appetite for vehicles mostly remains hearty heading into the final months of the year.

Delta Air Lines Inc. says some of its aircraft have flown with engines using improperly documented components, a disclosure indicating the extent to which parts linked to a British distributor have been sold globally.

Oil edged higher after a volatile session where traders weighed tightness in the physical market against macroeconomic concerns that are clouding the outlook for demand.

Republican Kevin McCarthy lost a pivotal test vote Tuesday, demonstrating hardline conservatives have the power to soon end his tumultuous 10 months as House speaker.