Japan’s Nikkei stock index briefly tops record high
Japan’s benchmark index continues to scale new peaks, rising briefly above the record closing high level reached at the height of the Japanese asset bubble in 1989. The Nikkei Stock Average JP:NIK was 1.7% higher at 38,924.88 for a brief moment on Thursday morning, topping the record closing high of 38,915.87 set on Dec. 29, […]
Ford, UAW reach local labor deal to avert strike at Kentucky plant
Ford Super Duty trucks are seen at the Kentucky Truck assembly plant in Louisville, Kentucky, on April 27, 2023. Joe White | Reuters Ford and a United Auto Workers local union, UAW Local 62, reached a tentative deal on Wednesday to avert a strike at the automaker’s most profitable plant. The UAW had threatened that […]
Boeing replaces head of troubled 737 Max program
A person walks past an unpainted Boeing 737-8 MAX parked at Renton Municipal Airport adjacent to Boeing’s factory in Renton, Washington on January 25, 2024. Jason Redmond | AFP | Getty Images Boeing is replacing the head of its 737 Max program less than two months after a panel blew out on one of the […]
10-, 30-year Treasury bond yields end at highest levels since November
Treasurys sold off on Wednesday, pushing long-term rates to their highest levels in almost three months, following a weak $16 billion sale of 20-year bonds and the release of minutes from the Federal Reserve’s January policy meeting. What happened The yield on the 2-year Treasury BX:TMUBMUSD02Y rose 4.3 basis points to 4.653%, from 4.610% on […]
Why Capital One is buying Discover in the biggest merger yet of 2024
Capital One CEO and Chairman, Richard Fairbank. Marvin Joseph| The Washington Post | Getty Images Capital One’s recently announced $35.3 billion acquisition of Discover Financial isn’t just about getting bigger — gaining “scale” in Wall Street-speak — it’s a bid to protect itself against a rising tide of fintech and regulatory threats. It’s a chess […]
Natural-gas prices surge 10%, bouncing after Chesapeake cuts production outlook
Natural-gas futures jumped sharply Wednesday morning, bouncing after ending the previous session at the lowest in more than three and a half years after Chesapeake Energy, a major shale producer, cut its production outlook. Meanwhile, oil futures ticked slightly higher in rangebound trading as investors monitored developments in the Middle East and weighed the outlook […]
Beyond Meat launches new, healthier version of burger
The latest iteration of the Beyond Burger, made with avocado oil and 20% less sodium Source: Beyond Meat Beyond Meat is launching a new version of its plant-based burger in grocery stores this spring, betting that an even healthier version of its burgers will lure back consumers. The unveiling Wednesday comes at a pivotal time […]
Amazon to join Dow Jones Industrial Average next week
Amazon.com Inc. is set to join the Dow Jones Industrial Average in a week, a move meant to reflect “the evolving nature of the American economy,” S&P Dow Jones Indices said late Tuesday. Amazon AMZN, -1.43% replaces Walgreens Boots Alliance Inc. WBA, +1.50% in the Dow Jones DJIA. The change was prompted by Walmart Inc.’s […]
AbbVie taps Robert Michael as CEO, succeeding Richard Gonzalez
Test tubes are seen in front of a displayed AbbVie logo in this illustration taken on May 21, 2021. Dado Ruvic | Reuters AbbVie on Tuesday said longtime executive Robert Michael will become the company’s new CEO, replacing Richard Gonzalez. Michael, who is AbbVie’s president and chief operating officer, will become the company’s second-ever CEO […]
Intuitive Machines (LUNR) stock surges as lander approaches the moon
The company’s IM-1 mission lander shortly after launching on Feb. 15, 2024. Intuitive Machines Shares of Intuitive Machines jumped for a third consecutive trading session, surpassing their post-SPAC debut price, as the company’s first mission completed further milestones as it approached the moon. Intuitive Machines’ stock surged as much as 65% in trading Tuesday to […]
