IBM transfers $16 billion in pension obligation to Prudential, MetLife
International Business Machines Corp. said late Tuesday it will book a charge of about $5.9 billion in the third quarter to offload pension risk. The...
Dow posts near 1,300-point drop Tuesday, stocks book worst day since June 2020
U.S. stocks finished sharply lower Tuesday, with all three major indexes posting their worst daily drop since June 2020 as high U.S. inflation has proven...
Traders see 34% chance of 100 basis point rate hike by Federal Reserve next week
An unexpectedly hot consumer-price index report for August has fed funds futures traders boosting the likelihood of a jumbo-size 100 basis point rate hike by...
As Wall Street rout worsens, only 5 S&P 500 stocks are trading higher
U.S. stocks are taking a beating on Tuesday, with losses accelerating in the final hour of trading. And as the S&P 500 appears headed for...
Caterpillar stock jumps to lead the Dow’s gainers after IRS settlement included no penalties
Shares of Caterpillar Inc. climbed 3.3% in morning trading Friday, enough to pace the Dow Jones Industrial Average's gainers, after the construction and mining equipment...
Stocks open higher, on track to end run of 3 weekly losses
Stocks opened higher Friday, putting major indexes on track to end a string of three consecutive weekly losses as investors look ahead to next week's...
Average equity per homeowner rises to record $300,000
U.S. homeowners with mortgages, which accounts for nearly two-thirds of all properties, saw equity in their homes during the second quarter rise 27.8% from a...
Bank of England to postpone rate decision by a week due to mourning period for Queen Elizabeth
The Bank of England said it's postponing its interest-rate decision by a week, citing the period of mourning the country is observing after the death...
Justice Department and Trump legal team put forward nominees for special-master appointment
The Justice Department and legal representatives of former president Donald Trump have, as ordered on Monday by U.S. District Judge Aileen Cannon, put forward the...