US Markets

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.

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.

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.

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.

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.