State Street Corp. STT, +0.56% said Wednesday it reached an agreement with Brown Brothers Harriman & Co. (BBH) to terminate its acquisition of BBH's Investors Services unit because of regulatory delays and additional operational risk posed by the $3.5 billion deal as initially announced on Sept. 21, 2021. State...
By Maria Martinez Inflation in the eurozone eased in November, due to a deceleration in energy price rises. The consumer price index--a measure of what consumers pay for goods and services--increased 10.0% on year in November, decelerating from 10.6% in October, preliminary data from the European Union's statistics agency...
Shares of railroad operators rallied Tuesday, as Evercore ISI analyst Jonathan Chappell said President Joe Biden's urging of Congress to step into the stalled talks between labor unions and rail operators effectively removes the risk of a strike. Biden's urging comes after a coalition of more than 400 business...
U.S. oil futures settled higher Tuesday, finding support as signs China might loosen COVID-19 restrictions helped ease worries about energy demand. Speculation that major oil producers may agree to cut production at a meeting on Sunday also contributed to the day’s gains for the U.S. crude benchmark, analysts said....
U.S. stocks ended mostly lower Tuesday, with the S&P 500 and Nasdaq Composite booking a third straight day of losses as investors assessed downbeat data on U.S. consumer confidence and China's step toward potentially easing its strict COVID policy. The Dow Jones Industrial Average DJIA, +0.01% closed about flat,...
CrowdStrike Holdings Inc. shares dropped in the extended session Tuesday after the cybersecurity company said new subscriptions came in below expectations amid macro headwinds and longer customer buying cycles. Given concern that businesses are cutting back on spending, CrowdStrike  CRWD, -1.04% shares plummeted nearly 20% after hours, following a 1%...
WASHINGTON — The Senate passed bipartisan legislation Tuesday to protect same-sex marriages, an extraordinary sign of shifting national politics on the issue and a measure of relief for the hundreds of thousands of same-sex couples who have married since the Supreme Court’s 2015 decision that legalized gay marriage nationwide. The bill,...
The U.S. national team reached the knockout stage of the World Cup with a 1-0 victory over Iran thanks to Christian Pulisic's strike. The Chelsea forward raced onto Sergino Dest's header to score the go-ahead goal in the first half. The U.S. finished in second place in the World...
Anyone watching the market knows stocks have been hammered since the Federal Reserve began in March what has turned into an aggressive series of interest rate hikes, but strategists at Deutsche Bank say they might be surprised to learn that those rate hikes probably aren’t the culprit. The S&P...
Income-seeking investors are looking at an opportunity to scoop up shares of real estate investment trusts. Stocks in that asset class have become more attractive as prices have fallen and cash flow is improving. Below is a broad screen of REITs that have high dividend yields and are...