Japan Financial Stocks Jump as 10-Year Govt Bond Yield Hits 9-Year High
Japanese financial stocks rose sharply as the 10-year government bond yield hit a nine-year high after the Bank of Japan governor told a local daily that ending negative interest rates would be an option if wage and consumer price gains look sustainable.
J.M. Smucker Nears Deal to Buy Hostess
A purchase marrying the Twinkies owner with the jelly maker could be finalized by Monday.
Instacart to Target Much-Diminished Valuation Range of Under $10 Billion in IPO
The grocery-delivery company aims for $8.6 billion to $9.3 billion, down from $39 billion in 2021.
Covestro In Takeover Talks With ADNOC
Covestro confirmed it has entered talks over a potential EUR12 billion takeover by Abu Dhabi National Oil Co.
Chevron Appeals to Australian Workplace Arbiter to Resolve Labor Impasse
Chevron has asked Australia’s workplace arbiter to intervene to resolve a labor dispute at two giant natural-gas operations after negotiations with union representatives failed and workers began partial strikes at the sites.
Meta Is Developing a New, More Powerful AI System as Technology Race Escalates
Parent of Facebook and Instagram wants artificial-intelligence system to be as capable as OpenAI’s most advanced model.
Alibaba’s Former Chairman Zhang Steps Down as CEO of Cloud Business Unit
Eddie Wu, an Alibaba co-founder, has become acting head of the cloud unit after Zhang’s departure, an Alibaba spokesperson said.
Land & Buildings Again Seeks Board Changes at Ventas
After an unsuccessful proxy fight in 2022, the activist sets up what could be its second campaign at the big healthcare REIT.
The Tension Driving the UAW Strike Threat
GM, Ford and Stellantis want to use profits for their EV transition. Workers want a more than 40% pay increase.
Apple’s China Dependency Spooks Investors After Ban
China’s move to limit Apple’s reach is a development that investors have feared for years, signaling that a once-untouchable partner in the country is now ensnared in rising tensions between the world’s two foremost superpowers.
Source: Dow Jones Newswires