An investor group consisting of Arkhouse Management and Brigade Capital has made a $5.8 billion offer to take department store chain Macy’s private.
Read More Macy’s investors mount $5.8 billion buyout bidCategory: Business
S&P, Nasdaq muted as markets brace for inflation and Fed
The S&P 500 was muted and Nasdaq inched lower on Monday in the run-up to an action-packed week that includes the Federal Reserve’s policy meeting and inflation data.
Read More S&P, Nasdaq muted as markets brace for inflation and FedUPS fires about 35 newly organized US workers, Teamsters union says
The Teamsters union that represents U.S. workers at UPS said it would respond to the firing of about 35 newly organized workers by filing unfair labor practice charges and potentially striking.
Read More UPS fires about 35 newly organized US workers, Teamsters union saysUS labor market shows strength amid surge in payrolls gains
U.S. job growth accelerated in November while the unemployment rate fell to 3.7%.
Read More US labor market shows strength amid surge in payrolls gainsMarket bets for 2024 thrown into chaos by US recession conundrum
Investment banks and asset managers have wildly varying stock market and currency calls for 2024, reflecting deep division over whether the U.S. economy will enter a long-heralded recession.
Read More Market bets for 2024 thrown into chaos by US recession conundrumUS weekly jobless claims increase moderately
The number of Americans filing new claims for unemployment benefits increased moderately last week, suggesting that the labor market was gradually losing momentum.
Read More US weekly jobless claims increase moderately