Panera hires marketing, culinary executives
Robin Seward joins the chain as senior vice president, brand and innovation, while Scott Uehlein was hired as vice president of culinary.
H&E Equipment Stock Doubles on Acquisition by United Rentals for $4.8B
H&E Equipment Services shares doubled in value Tuesday after the company reached a deal to be acquired by United Rentals for $4.8 billion.
US inflation still slowing as producer prices rise below expectations in December
WASHINGTON (Reuters) -U.S. producer prices rose less than expected in December as higher costs for goods were partially offset by stable services prices, suggesting inflation remained on a downward trend after progress had stalled in recent months. The moderation in producer inflation reported by the Labor Department on Tuesday did not change the view that the Federal Reserve would not cut interest rates again before the second half of this year amid labor market resilience and the threat of potentially inflation-boosting tariffs on imported goods by President-elect Donald Trump's incoming administration. "Better than expected is not necessarily what the Fed wants to see before easing monetary conditions into a fast-growing economy, with tariffs and tax cuts on the agenda of the incoming administration," said Carl Weinberg, chief U.S. economist at High Frequency Economics.
DJT stock price: Wild swings for Trump Media as Inauguration Day nears
With Donald Trump set to be sworn in next week, the company that owns his Truth Social platform is seeing stock volatility this week. Here’s what to know.
Angi Stock Rises as IAC to Spin Off Home Services Provider
IAC said it will spin off its ownership in home repair services provider Angi to its shareholders, and CEO Joey Levin will step down and become executive chair of Angi.
KB Home Stock Gains as Deliveries Surge, Driving Profit Above Estimates
KB Home shares climbed Tuesday, a day after the home builder reported better-than-expected results as deliveries jumped.
Could the prospective merger of Honda and Nissan transform their futures?
Honda and Nissan have signed a memorandum of understanding (MoU) to start discussions that could pave the way for a merger of the two companies.
Stock market today: Wall Street ticks higher after encouraging inflation data
Most U.S. stocks are rising on Tuesday following an encouraging update on inflation, but drops for Eli Lilly and some other influential companies are keeping indexes in check. Stocks got a boost from a report showing inflation at the U.S. wholesale level wasn’t as high last month as economists expected. It’s an encouraging signal ahead of a report coming Wednesday, which will show how much inflation U.S. consumers faced at gasoline pumps, grocery price registers and auto lots in December.
Reeves Seeks to Calm Investors Spooked by UK Market Jitters
(Bloomberg) -- Chancellor of the Exchequer Rachel Reeves said Britain will meet its fiscal rules “at all times,” blaming the recent spike in UK borrowing costs on global market volatility and deflecting questions on how she plans to stabilize Britain’s public finances.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC, Some Call for More RegulationsA Blueprint for Better Bike Lanes“I don’t believe that it’s reasonable to suggest that the reas
Oil prices slip as Russia sanctions stay in focus
Oil prices slipped on Tuesday from the previous day's four-month highs but the market remained supported by continuing focus on the impact of new U.S. sanctions on Russian oil exports to key buyers India and China. Brent futures were down 58 cents, or 0.72%, to $80.43 a barrel by 1421 GMT, while U.S. West Texas Intermediate (WTI) crude fell 62 cents, or 0.79% to $78.20 a barrel. Prices jumped 2% on Monday after the U.S. Treasury Department on Friday imposed sanctions on Gazprom Neft and Surgutneftegas as well as 183 vessels that transport oil as part of Russia's so-called shadow fleet of tankers.