A torrid bond-market rally shows traders are convinced the Federal Reserve’s rate-rising cycle is over. The debate now turns to when central bankers start cutting, and by how much.
Alaska Air Group Inc. has agreed to buy rival Hawaiian Holdings Inc.’s Hawaiian Airlines in a $1.9 billion deal to combine the two carriers, challenging the Biden administration’s aggressive stance on mergers that has already derailed one partnership.
The billionaire clean-energy investor said it would be “fortunate” if temperature rise stays below 3C.
CoreWeave, a cloud computing provider that’s among the hottest startups in the artificial intelligence race, said it closed a minority stake sale to investors led by Fidelity Management & Research Co.
Australia’s central bank is set to resume a pause in interest-rate increases as latest data pointing to slower home-price growth and inflation suggest previous tightening moves are gaining traction.
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