Bonds are stuck in a rut as Fed waits to cut rates
More than 80% of U.S. investment-grade corporate bonds are still trading at a discount, according to BondCliQ
Darden Restaurants (DRI) Q3 2024 earnings
A Ruth’s Steak House restaurant on May 03, 2023 in Miami, Florida. Darden Restaurants said Wednesday it is buying Ruth’s Hospitality Group, the parent company of Ruth’s Chris Steak House, for $715 million. Joe Raedle | Getty Images Darden Restaurants on Thursday reported mixed quarterly results as the Olive Garden owner’s same-store sales shrank for […]
Richard Branson set for $856 million payout from Nationwide’s Virgin Money takeover
Nationwide will pay Branson’s Virgin Enterprises a £250 million exit fee to stop using the Virgin brand
Biden promised 55,000 borrowers student-debt relief by January. They didn’t get it — and are heading to court.
Some 195,000 borrowers scammed by their schools were supposed to have their debt wiped out by Jan. 28. Tens of thousands are still waiting.
Empty middle seats, more legroom
A Frontier Airlines plane lands at the McCarran International Airport in Las Vegas on Thursday, Feb. 27, 2020. Elizabeth Page Brumley | Tribune News Service | Getty Images First class on Frontier? Not quite. But the budget airline on Tuesday launched a new add-on to get more room at the front of its tightly packed […]
Fed still on track for June rate cut, and 2 other takeaways from Powell’s press conference
Beneath the surface, several important messages came out of Jerome Powell’s press conference.
Southwest Airlines cuts capacity and rethinks 2024 financial forecast, citing Boeing problems
Boeing 737 MAX airplanes are seen parked at a Boeing facility on August 13, 2019 in Renton, Washington. David Ryder | Getty Images Southwest Airlines said Tuesday that it will have to trim its capacity plans and reevaluate its financial forecasts for the year, citing delivery delays from Boeing, its sole supplier of airplanes. The […]
GM hires ex-Tesla, Google exec to lead manufacturing
General Motors Executive Vice President Global Manufacturing and Labor Relations Gerald Johnson (middle) watches as engineers and technicians set-up and test the machines that will be used to manufacture Level 1 face masks at a plant in Warren, Michigan. Photo by John F. Martin for General Motors DETROIT – General Motors’ long-time head of manufacturing […]
Treasury yields still broadly lower after Fed decision
Treasury yields remained lower on Wednesday soon after the Federal Reserve left interest rates unchanged and signaled that three quarter-point rate cuts are likely to be appropriate for this year.
Sotheby’s holds sports auctions with Jordan, Ali, Kobe items
Michael Jordan’s game-worn Air Jordan 11s. Worn during Game 5 of the 1996 NBA Finals. Photo: Sotheby’s Sotheby’s is increasing its sports offerings, as the auction house looks to capitalize on the growing demand for sports memorabilia and draw in a younger demographic. The company on Wednesday announced its first “Sports Week,” which will include […]
