Amazon nears deal to buy MGM Studios
Amazon.com Inc. is nearing a deal to buy the Hollywood studio MGM Holdings for almost $9 billion, said people familiar with the matter, a pact that would turn a film operation founded in the silent era into a streaming asset for the e-commerce giant.
Inflation posturing divides investors
Investors are positioning for the risk of higher inflation as the reopening of the U.S. economy gathers steam, but may not be prepared if the worst of the price increases has already run its course.
Stocks jump in broad rally, Bitcoin stabilizes
U.S. equity markets rose Monday, putting the major averages on track for their first weekly advance in three.
Bitcoin not for us, HSBC CEO says
Europe's largest bank's stance on cryptocurrencies comes as the world's biggest and best-known, Bitcoin, has tumbled nearly 50% from the year's high, after China cracked down on mining the currency and prominent advocate Elon Musk tempered his support.
Cabot Oil & Gas, Cimarex Energy to merge to create $17B producer
Oil and gas producers Cabot Oil & Gas Corp and Cimarex Energy Co said on Monday they would combine to form a company with an enterprise value of about $17 billion, the latest in a sector rebounding from one of its worst downturns.
How a global minimum tax could impact markets
The U.S. Treasury Department wants a global minimum corporate tax rate of 15%, a reduced ask from the 21% level it previously suggested.
Chicken wing shortage grips America
Soaring demand for chicken has resulted in wing shortages across America, according to the country’s third-largest poultry producer.
Dallas Fed President talks inflation and asset purchase dial back
Dallas Federal Reserve President Robert Kaplan weighs in on cryptocurrencies, inflation and the Fed's economic plans.
Dow gains 124 points, Nasdaq, S&P slip
U.S. equity markets rallied Friday, ending a volatile trading week.
Deere raises forecast as profit more than doubles on equipment demand
Deere & Co on Friday raised its full-year earnings forecast after a 169% surge in quarterly profit, as a recovering global economy boosts demand for farm machine and construction equipment.
Kansas City Southern expected to terminate Canadian Pacific deal
Kansas City Southern is expected to ditch its merger agreement with Canadian Pacific Railway Ltd. in favor of a competing proposal from Canadian National Railway Co. according to people familiar with the matter, a dramatic turn with big implications for the shape of the U.S. rail industry.
Investment guru Scott Minerd compares crypto to Tulipmania
Guggenheim Partners Chief Investment Officer Scott Minerd says the action in cryptocurrencies reminds me him of Tulipmania, one of the most famous financial bubbles and crashes of all-time.
Stocks snap losing streak as jobless claims dip, crypto stabilizes
U.S. stocks rebound from four sessions of losses as investors react to jobless claims which fell to a fresh pandemic low.
Oatly eyes IPO at $15 to $17 a share
Celebrity-backed Swedish oat-milk maker Oatly Group AB prepared to price its initial public offering Wednesday amid another day of stock-market declines.
Bitcoin is 'most-crowded trade': big-money managers
Big-money managers say too many investors have piled into bitcoin, according to a Bank of America survey.
Colonial Pipeline CEO tells why he paid hackers a $4.4M ransom
U.S. officials have linked the ransomware attack on Colonial to a criminal gang known as DarkSide, believed to be based in Eastern Europe, which specializes in crafting the malware used to breach systems, and shares it with affiliates -- for a cut of the ransoms they obtain.
Lowe's growth lags Home Depot in home improvement battle
Lowe's Cos Inc reported on Wednesday a 25.9% jump in quarterly same-store sales growth that failed to match that of larger rival Home Depot Inc, signaling it was slipping further behind after gaining ground during the pandemic.
Stocks slip on crypto’s wild ride and Fed minutes
U.S. equity markets closed moderately lower Wednesday, paring heavy losses that developed early in the session as technology shares slid along with cryptocurrencies.
Stimulus checks, reopening economy help Target sales hit the mark
Target Corp beat estimates for quarterly same-store sales on Wednesday as a strong vaccination drive across the country encouraged shoppers to return to the stores and spend their stimulus checks on home goods, clothes and other items.
Stocks slide as Yellen calls on businesses to pay more in taxes
Stock investors assessed disappointing housing data and earnings reports from several retailers as well as more calls to raise corporate taxes.



















