Traders in the deals market are heightening their focus on a select group of beaten-down stocks that are drawing interest from activist investors with US mergers-and-acquisitions transactions mired near the lowest levels since early 2020.
As the rich and powerful gather for the World Economic Forum, these photos show how the impact of global warming is getting harder to ignore.
US food inflation saw the smallest increase in December in 21 months as prices for bacon, flour and fresh fruit fell despite the cost of eggs soaring.
(Bloomberg) — Money markets eased wagers on the scope for further Bank of England rate hikes after US inflation slowed in December and spurred speculation the Federal Reserve will temper its pace of tightening.
Inflation data slowed in December, as widely expected, but labor market data remained strong, with both initial and continuing claims coming in lower than expected. Wall Street struggled to weigh how each would affect future rate hike decisions for the Federal Reserve.
Traders have begun to price in the possibility that the Federal Reserve might not even hike interest rates at all at its March meeting following a widely anticipated increase in February.
Ambulance response times and waits for emergency treatment in England are the worst on record, according to new figures published as the government battles to control a raft of walkouts by health workers.
(Bloomberg) — Activist investor Nelson Peltz nominated himself to the board of Walt Disney Co. in what could become a highly public debate over Chief Executive Officer Bob Iger’s leadership.
Federal Reserve Bank of Philadelphia President Patrick Harker said the central bank should lift interest rates in quarter-point increments “going forward” as it approaches the end point in its most aggressive tightening campaign in decades.
US airlines reported mostly normal flight operations early Thursday, with few lingering effects from a Federal Aviation Administration system outage that forced a nationwide aircraft grounding 24 hours earlier.
