A wave of financial turbulence overseas could delay the Federal Reserve’s plans to raise short-term interest rates in the months ahead, but only if it ends up knocking the U.S. economy off track.
Investors in Puerto Rico’s bonds braced for losses as soon as this week, after the U.S. commonwealth said it can’t pay its debts.
Trian has built a stake of 7.24% in Pentair, a maker of pumps and valves, and is asking the company to consider buying up rivals.
J.P. Morgan Chase is revamping its prepaid debit-card program and the way it assesses if consumers qualify for a checking account.
It would be a mistake to assume that China’s broader economy will shrug off this market meltdown.
An English county government rejected applications for the first onshore hydraulic fracturing in Western Europe since 2011, in a blow to the U.K.’s nascent shale-gas industry.
Millions more Americans who work in excess of 40 hours a week will qualify for overtime pay under a proposed rule the Labor Department is expected to unveil Tuesday.
The split at power-plant builder Babcock & Wilcox shows how U.S. companies are tightening their focuses and scaling back riskier long-term bets in an era of activist shareholders demanding action to boost returns.