Federal Reserve keeps rates unchanged despite inflation
WASHINGTON (AP) — The Federal Reserve kept its key rate unchanged Wednesday at about 3.9% despite stubbornly high inflation, as Chairman Kevin Warsh suggested its policies are already showing signs of having an impact. The Fed said “inflation remains elevated” in the statement it ...
Wendy’s, struggling with beef prices and competition, gets a buyout offer
Wendy’s shares jumped more than 14% Wednesday after noted investor Nelson Peltz made an offer to buy the chain, which has been struggling with high beef prices and aging stores. Peltz’s Trian Fund Management and several partners are offering Wendy’s $7.35 per share in cash, or a premium ...
Wall Street loses ground under pressure from rising oil prices
Stocks on Wall Street closed broadly lower Friday as oil prices climbed to their highest level in more than four years, ratcheting up pressure on the market. The S&P 500 fell 0.5%, adding to its decline from a day before. The index posted its second-straight weekly loss. The Dow Jones ...