Turkish Airlines discusses the possibility of issuing a sukuk aiming to provide financial means for the purchase of aircraft, necessary because of the company’s expansion. So far, they are examining markets in order to make a decision. For the purpose …
- TaxWatch: ‘People are upset.’ Will proposed IRA tax changes targeting the rich hurt smaller nest eggs?The Ways and Means Committee recently unveiled a batch of proposed tax law changes zeroing in on how the super-rich use retirement accounts
- Market Extra: Fed opens overnight repo spigot as Wall Street stares down barrel of U.S. debt-ceiling fightDemand for the Federal Reserve's overnight reverse repo facility touched a new record of $1.28 trillion on Wednesday, a day before caps for each counterparty will be doubled to $160 billion a day.
- : White House to host Intel, Apple, Microsoft execs to discuss chip shortageThe CEO of Intel Corp. will join executives from Apple Inc., Microsoft Corp., Ford and others at a White House virtual meeting Thursday to address the global chip shortage, Reuters reported Wednesday.
- Retirement Hacks: When you should — and shouldn’t — invest in a Roth 401(k)A growing number of employers are offering these accounts but most workers aren’t taking advantage
- : Whether COVID-19 boosters get approved or not, Pfizer and Moderna have already made their moneyIt's likely that millions of COVID-19 booster shots will be administered in the U.S. in the coming months, but that doesn’t mean companies like Moderna and Pfizer will report an unexpected revenue windfall this year.
- : New California law protects Amazon warehouse workers facing quotasGov. Gavin Newsom signs bill that makes California the first state in the nation to regulate working conditions related to quotas at Amazon warehouses.
- The Wall Street Journal: Biden expected to name Wall Street bank critic to watchdog postPresident Joe Biden plans to nominate a law professor who has criticized Wall Street banks to oversee some of the largest U.S. lenders, according to people familiar with the matter.
- The Tell: Behind bond market’s muted response to Federal Reserve’s rate outlook may be a message for policy makersThe Treasury curve flattened Wednesday, while the spread between 2024 and 2026 Eurodollars shrunk, signs that the Federal Reserve might have to quickly reverse course if it starts raising rates next year, by lower them again after 2024.
- The Fed: Hawks rule the roost at Fed, economists sayHawks are ruling the roost at the Federal Reserve, a noted Fed watcher said Wednesday, amid Powell's dovish voice.
- IPO Report: Toast stock pops more than 50% in IPO debutToast Inc. shares popped as high as 63% in their trading debut Wednesday, marking a warm Wall Street welcome for the maker of restaurant-focused software and payment technology.