Canadian Pacific agreed to acquire Kansas City Southern in a merger valued at about $25 billion that would create the first freight-rail network linking Mexico, the U.S. and Canada.
Jonathan Gray, Blackstone Group's day-to-day leader, is guiding a shift at an investment powerhouse that made its name buying into undervalued companies.
Falling short-term yields could prove more relevant than rising 10-year Treasury yields when it comes to thinking about banks and the Federal Reserve.
The tax-deadline extension shouldn't hurt full-year revenue, but expectations are still high for an expansion of opportunities.
With real-estate prices rising and concerns about Covid-19 lingering, more buyers are moving in with their parents and siblings.
U.S. government-bond yields rose sharply after the Fed said it wouldn't extend a temporary rule that encouraged banks to hold Treasurys, but then yields retreated as investors debated how significant the hit would be to debt markets.
New distribution deals should help establish streaming entrants like Paramount+ and Peacock.
The Justice Department's antitrust division is asking whether Visa, the largest U.S. card network, has limited merchants' ability to route debit-card transactions over card networks that are often less expensive.
The U.S. bank's asset-management arm plans to take a 10% stake in the wealth subsidiary of China Merchants Bank, marking the first time a Chinese bank has opened up its wealth-management subsidiary to a foreign strategic investor.
In a recent survey from trivago, consumers say they will give up just about anything—even sex—to travel right now.
As interest rates have shot upward, the U.S. dollar's continued weakness is something of a puzzle. Fear of rising inflation is partly to blame.
Technology stocks were poised to lead gains.