Business
Corporate coverage spanning earnings seasons, dealmaking, governance and industry shifts, from boardroom strategy at multinationals to the private companies reshaping their sectors.
Business archive
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Bitcoin Reclaims $61,000 as Warsh Remarks Cool Inflation Anxiety
Bitcoin pushed back above $61,000 on July 2 after remarks from Fed Chair Kevin Warsh softened inflation fears, clawing back ground lost during a bruising slide to a 21-month low.
QXO Buys Its Way Up the Distribution Ranks as TopBuild Deal Closes
QXO closed its $17 billion acquisition of TopBuild on July 1, capping a rapid buying spree that has vaulted Brad Jacobs's building-products platform toward the top of North American distribution.
OPEC+ Adds 188,000 Barrels a Day for August as Hormuz Traffic Revives
OPEC+ approved a fifth consecutive monthly output increase, adding 188,000 barrels per day from August just as Strait of Hormuz shipping begins to normalize and the geopolitical risk premium fades.
Beer Engine Carries Constellation Past Estimates as Top Line Slips
Constellation Brands beat consensus earnings on beer-segment momentum even as net sales slipped and volumes cooled late in the quarter, with operating income and margins widening against an inflation-strained consumer.
Powell Confronts a Stalling Labor Market as June Hiring Slows to 57,000
Nonfarm payrolls grew by only 57,000 in June, roughly half the expected pace, with a shrinking labor force flattering an unemployment rate that fell to 4.2%.
Kroger's $1.65 Billion Giant Eagle Deal Redraws the Grocery Map Across the Ohio Valley
A regional bolt-on worth $1.65 billion gives Kroger the Pittsburgh market it never held and a defensible position against Walmart, while sidestepping the antitrust wall that felled its Albertsons ambitions.