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…
Tag: industrial news
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…
Match Group, Google Reach Binding Term Sheet in Legal Battle
Match Group and Alphabet-unit Google reached a binding term sheet for a settlement regarding their claims against each other in their legal battle. The online dating company said in a letter to…
Why this verdict could upend the real-estate industry’s commission structure
A Missouri court found the National Association of Realtors and two real-estate brokerages guilty of conspiring to inflate real-estate commissions, a decision that will likely have a deep impact on the U.S….
After a Boom and Bust, the Chip Industry Is Regaining Its Health
Updated Nov. 1, 2023 12:02 am ET The global semiconductor industry is bottoming out, executives say, signaling a rebound in some areas of technology and providing relief for the U.S. government, which…
From AI to diet pills — these are the 50 people influencing the market in 2023
What do Elon Musk, Warren Buffett, Shawn Fain and Lina Khan have in common? On the surface, it might not seem like much — one is an impetuous tech-bro genius, another is…