Articles

WeWork expects to emerge from bankruptcy by end of May

WeWork said Tuesday that after restructuring lease agreements at nearly 90% of its real-estate portfolio, it expects to come out of bankruptcy by the end of May.

Job openings stay at 8.8 million. Labor market still plenty robust.

The number of job openings in the U.S. totaled 8.8 million in February for the second month in a row, showing a labor market with plenty of residual strength.

German inflation could hit ECB’s target of 2% by next month, ING economists say

Inflation in the German economy fell for the fourth month in a row to 2.2% in March

Hated and cheap: Why Ray Dalio says he’s not giving up on this embattled asset class.

The hedge-fund founder defends his investments in China as others start to warm up to those embattled stocks.

JPMorgan credit outlook upgraded to positive from stable at S&P for ‘superior resilience’

S&P cites megabank’s ‘business strength’ as well as its diversification

Verve Therapeutics stock plunges as cholesterol-lowering gene-editing treatment faces setback

Verve Therapeutics shares dropped more than 30% early Tuesday after the company paused enrollment in a trial of its gene-editing treatment for heart disease.

How much will you need to retire? America’s ‘magic number’ surges to $1.46 million

The gap between our goals and reality has never been wider

Rivian tops consensus estimates with first-quarter deliveries but stock still falls

Rivian Automotive Inc. said Tuesday it delivered 13,588 vehicles in the first quarter, beating the FactSet consensus for 13,000.

Schlumberger to spend $7.8 billion in stock to buy ChampionX

Oil services company Schlumberger Ltd. announced Tuesday an agreement to buy chemical and drilling technologies company ChampionX Corp. in an all-stock deal valued at about $7.8 billion.

U.S. dollar climbs to 4.5-month high as expectations for June rate cut dim

An index tracking the strength of the U.S. dollar against a basket of rivals touched its highest level since mid-November on Tuesday, adding to the headwinds facing U.S. stocks.

UL Solutions launches IPO with plans for valuation of up to $5.8 billion

UL Solutions Inc., a testing, inspection and certification company, launched its initial public offering on Tuesday with plans to issue 28 million shares priced at $26 to $29 each.

GE spins off GE Vernova, pivots to pure-play aerospace stock

GE Aerospace and GE Vernova begin life Tuesday as two, separate stocks as they ring the opening bell on the New York Stock Exchange.
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