A rally in big tech fizzled out as bond yields rose, with traders wading through remarks from a slew of Federal Reserve officials and awaiting Jerome Powell’s speech on Friday for clues on the outlook for interest rates.
Toronto-Dominion Bank is feeling the impact of costlier deposits, which squeezed margins and contributed to the lowest profitability for its US business in more than a year.
Roark Capital Group has won the race to acquire US sandwich chain Subway after seeing off a late challenge from a rival bid group led by TDR Capital and Sycamore Partners.
Day traders are far more active in the booming world of zero-day stock options than Wall Street realizes, according to the exchange at the center of the frenzy.
OneTeam Partners, a joint venture representing commercial and licensing rights of more than 10,000 professional and college athletes in the US, has named Sean Sansiveri as the organization’s new chief executive officer.
Emperor penguins faced an unprecedented breeding failure due to ice loss in 2022, a study says. The evidence backs predictions that 90% of them will be “quasi-extinct” by the end of the century.
As close and tempting as they sound, cancer treatment regimens designed by artificial intelligence tools are riddled with errors and still likely years away.
Philadelphia Fed President Patrick Harker repeated his view that the Fed has “probably done enough” on tightening policy and should keep interest rates at restrictive levels while it assesses the impact on the economy.
French Finance Minister Bruno Le Maire pledged to reinforce controls on foreign investment in the country’s businesses in order to protect strategic industries and technologies.
Sweden’s government shrugged off the potential for a contraction next year, while projecting meager growth for the economy as consumers remain under pressure from higher costs.
