State pension systems dropped the rate of return they assume for their investment portfolios again, continuing a two-decade long trend that public-finance experts say is necessary, even as it presents some challenges for the entities that participate in such plans.
Trulieve Cannabis Corp. said Monday it has agreed to acquire Harvest Health & Recreation Inc. in an all-stock deal valued at about $2.1 billion, the latest tie-up in a sector hoping for reforms of strict U.S. cannabis laws that would crack open capital markets.
Oil futures end a few pennies higher on Monday after a ransomware attack forces the shutdown of pipelines supplying around 45% of fuel to the East Coast, boosting speculation that the U.S. will have to slow its refining activities and boost imports of gasoline.
Chip stocks were on track for their worst day in nearly two months with the tech sector in retreat even as the broader market traded just short of record highs.
U.S. Treasury yields steady Monday morning as markets for government debt wrestled with the outlook for the economy inside and outside the U.S. after a A 266,000 April nonfarm-payrolls gain marked a big missed forecast for economists’ predictions for those data since the 1990s.
U.S. stocks look set for a mixed start to the week, after the Dow and S&P 500 closed at record highs on Friday despite a weaker than expected April jobs report.
Stock-index futures trade mixed Monday, after the Dow Jones Industrial Average and the S&P 500 ended last week at records following a disappointing jobs report that was seen keeping the Federal Reserve from tightening policy.
AMC Entertainment Holdings Inc. shares gained almost 5% Friday to end an eight-day losing streak, after the world’s biggest cinema chain outlined a path to recovery after being shut down or forced to operate at limited capacity for much of 2020 during the pandemic.
The Stoxx Europe 600 was flat, but inching toward a fresh record. U.S. futures were mixed, with all eyes on gasoline prices after a major hacking at a U.S. pipeline.
U.S. fast food chain Wendy’s, famous for its square burgers, is planning to return to the U.K. for the first time in more than two decades, amid a boom in fast food during the COVID-19 pandemic.
Just a week after topping $3,000 for the first time, Ether — the cryptocurrency that runs on the ethereum blockchain — passed another milestone at $4,000.
In an interview with “Axios on HBO” that aired Sunday night, GLAAD President and CEO Sarah Kate Ellis said the sites — which include Facebook and Instagram, Twitter, Alphabet’s YouTube and TikTok — don’t do enough to protect LGBTQ users from being harassed and threatened.
Elon Musk may not have sent dogecoin’s price to the moon with his “Saturday Night Live” appearance, but his SpaceX will accept the cryptocurrency to fund a lunar mission next year.