Duke Energy Corp. will take a $1.3 billion impairment loss on the sale of its commercial renewable business, which it now expects to close later this year, according to its earnings release Thursday.
Oil backtracked after its best three-day stretch since December as headwinds from recession risks in the US and Europe tempered optimism over China’s emergence from Covid-Zero policies.
Credit’s steep rally means it’s now time to play defense, money managers say.
President Joe Biden jabbed at potential 2024 rival Ron DeSantis and Republicans as he vowed to protect entitlement spending and lower health costs for Americans in a post-State of the Union visit to the Florida governor’s home turf.
An alleged Chinese spy balloon that traversed the US had western-made components with English-language writing on them, members of Congress were told on Capitol Hill Thursday, people familiar with the matter said.
US government bond investors pushed two-year yields above 10-year yields by the widest margin since the early 1980s Thursday, a sign of flagging confidence in the economy’s ability to withstand additional Federal Reserve interest-rate hikes.
General Atlantic is poised for a more than $3 billion windfall from CVS Health Corp.’s $10.6 billion deal this week for primary care provider Oak Street Health Inc., according to people familiar with the matter and Bloomberg calculations.
Nearly half of all public school students in the US that entered the 2022-2023 academic year are lagging behind benchmarks, according to a new Department of Education report.
Grupo Mexico SAB is pushing Citigroup Inc. to keep a portion of its Mexican retail operation, which it would later sell in a public offering, according to a person with knowledge of the matter.
The London Metal Exchange published data showing that Russian metal has been flowing into its network of warehouses in recent months, but said that the increase was in line with its expectations and that consumers were still accepting it.
