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Alcoa said it has agreed to acquire Alumina in a deal that values the Australian company’s equity at roughly $2.2 billion, concluding weeks of talks over a offer that will help to cement the U.S. company as one of the world’s largest bauxite and alumina producers.

Second-lien mortgages have been getting a new lease on life as more borrowers tap their homes for cash two years since the Federal Reserve began jacking up interest rates.

The U.S. economy reaccelerating or mildly contracting is more likely than a “soft landing.”

The U.S. stocks appear expensive after investor mania surrounding artificial-intelligence interrupted the bursting of an initial market bubble, according to GMO’s Jeremy Grantham.

Apple could make it easier for users to engage with AI on their devices thanks to its tightly linked hardware and software ecosystems, says an Evercore analyst.

The White House is proposing tweaks to the student-loan program that could make the loans less costly for borrowers.

Shares of Vail Resorts Inc. fell after hours on Monday, after the ski-resort operator cut its full-year profit outlook following a drop in skier visits and snowfall at some of its North American resorts.

One of Acadia Pharma’s drugs failed to meet goals of a late-stage trial about a schizophrenia treatment.

Jefferies thinks software investors should stay choosy as they wait for the sector’s AI windfall to take shape.

Oracle Corp.’s stock initially climbed 8% in extended trading Monday after the company posted mixed results. The company’s board also declared a quarterly cash dividend of 40 cents per share of outstanding common stock.

Dollar stores Dollar Tree Inc. and Dollar General Corp. have been enjoying strong foot traffic in the run-up to the companies’ fourth-quarter results this week, according to data from analytics company Placer.ai.

Midsize investment bank sees opportunity in muni bonds and public-power financing