Many investors on Wednesday looked to the Federal Reserve for hints about whether this autumn’s unusual ascent in Treasury yields would help finish America’s inflation fight. The central bank’s message: maybe. In…
Tag: industrial news
You can save up to $23,000 in your 401(k) next year, IRS says
Retirement savers can tuck away slightly more in 2024 than in 2023, but this year’s contribution increases are more modest than last year’s, according to new inflation-related adjustments released by the IRS….
Court Sends Stock-Buyback Rule Back to SEC
WASHINGTON—A conservative appeals court dealt a setback to the Securities and Exchange Commission’s plan to give investors more information about stock buybacks after business groups challenged the rule. Responding to a May…
Six Flags, Cedar Fair Near Merger Deal
Six Flags is nearing a deal to merge with Cedar Fair Entertainment, a move that would combine two of the largest regional-theme-park chains in the U.S. The deal could be finalized as…
The Musk Versus Twitter of Trucking Mergers
In most children’s games, there are no takesies-backsies. A similar principle seems to apply when a company signs a pretty ironclad contract to buy another. Late on Tuesday, Dallas-based freight forwarder Omni…
Ford’s return to investment-grade status has pulled about $67 billion out of the junk-bond market
Ford Motor Co.’s return to the investment-grade market has removed billions of dollars from the high-yield market in a single day. In total, about $67 billion of Ford Motor’s outstanding bonds are…
Chip Makers’ PC Boost Not Built to Last
It’s a testament to how odd the chip market is right now that personal-computer demand is actually a source of strength. PC sales have been in a downspin since early last year,…
U.S. Oil Inventories Rise Amid Steady Production
U.S. oil inventories rose more than expected last week according to data released Wednesday by the Energy Information Administration, in a potential headwind for crude prices as markets try to recover from…
Trading Startup Sues Regulator in Effort to Launch Election-Betting Market
WASHINGTON—An online-trading startup is suing the federal government after regulators blocked its plan to let people bet on U.S. elections. The company, Kalshi, said in a complaint filed Wednesday in the U.S….
Yum China just gave investors a new reason to worry about the Chinese economy
Yum China Holdings Inc. late Tuesday gave investors a fresh reason to worry about China’s economy. Yum China’s shares YUMC, -1.05% fell about 9% in the extended session Tuesday after the owner…