Lower sales are continuing to put pressure on snack giant Mondelez International but its chief executive played down the need for the company to make a large acquisition to reach its sales and profit targets.
The Federal Reserve upgraded its assessment of the economy’s performance and said near-term risks to the outlook have diminished, effectively leaving the door open to raise rates later this year, possibly as early as September.
SABMiller has paused its integration work with Anheuser-Busch InBev according to a person familiar with the matter, as the London-brewer’s board consults with shareholders over whether AB InBev’s revised offer is acceptable.
Federal Reserve officials are virtually certain to leave interest rates unchanged at their meeting that wraps up Wednesday, but their policy statement will be scrutinized for any clues to whether a September rate increase is in play.
The rise in wealth and asset prices underscores their increasing importance since the 1990s, and how vulnerable the economy remains to any shock that forces a sudden reassessment of their value, Greg Ip writes.