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Business
US SEC would set up guardrails for private investments in retirement plans, chairman says
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Private firms do not have the same level of required disclosures as public companies and are prone to valuation issues.
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Chevron closes Hess acquisition after winning Exxon legal battle
Chevron closed its $55 billion acquisition of Hess after winning a landmark legal battle against larger rival Exxon Mobil to gain access to the larges...
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US retail sales beat expectations in June
Retail sales rebounded more than expected in June, but some of the increase likely reflected higher prices for some goods exposed to tariffs.
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Diageo CEO Crew steps down as company pursues turnaround, cost cuts
Shares in the maker of Johnnie Walker whisky and Guinness beer rose as much as 4.5% after the Financial Times first reported the news.
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US senator says United, JetBlue partnership could harm competition
Richard Blumenthal said a proposed partnership between United Airlines and smaller JetBlue could lead to fewer and more expensive options for consumer...
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Froot Loops maker WK Kellogg agrees to $3.1 billion deal from Italy’s Ferrero
The deal, which is Ferrero's biggest acquisition in recent years, brings legacy brands such as Nutella, Kinder, Tic Tac, Frosted Flakes, Froot Loops a...
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Del Monte Foods seeks buyer as it initiates US bankruptcy proceedings
Del Monte Foods kicked off efforts to pursue a sale as it filed for Chapter 11 bankruptcy under an agreement with certain key lenders.
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Lululemon sues Costco for allegedly ripping off clothing designs
Lululemon sued Costco in California federal court, alleging that the wholesaler sells "knockoff" sweatshirts, jackets and pants that unlawfully copy i...
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US Supreme Court to review billion-dollar Cox Communications copyright case
The justices took up Cox's appeal of the lower court's decision that it was still liable for copyright infringement by users of its internet service d...
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Chief economist Torsten Sløk: Trump may have ‘outsmarted all of us’ on tariffs, despite my prior criticisms
A leading Wall Street economist who previously criticized President Donald Trump’s tariff strategy now admits that the 47th president may have “outsma...
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S&P 500, Nasdaq near record highs as rate-cut bets creep up
Traders now price in a nearly 25% chance of the Fed cutting rates in July, compared with 12.5% last week, according to CME Group's FedWatch tool.
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Ford recalls 133,000 Lincoln Aviators over risk of detaching parts
Ford is recalling 132,914 Aviator SUVs because parts, including rear door window bars, may detach due to insufficient adhesive retention.
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US safety board criticizes Boeing, FAA over 737 MAX 9 panel blowout
A National Transportation Safety Board investigation found ineffective actions by Boeing and ineffective oversight by the FAA that led to a mid-air ca...
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US power prices soar as brutal heat wave stresses power grids
power prices soared to their highest since the winter as homes and businesses cranked up their air conditioners to escape a brutal heat wave blanketin...
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