News

Union leaders forged a deal with railway executives and government officials, but 125,000 union members still must vote to accept the deal—or to go ahead and strike.

The 15% minimum book tax in the Inflation Reduction Act will lead to significant differences in tax treatment of corporate split-offs compared with spinoffs.

Some of the longtime drivers of higher inflation — spiking gas prices, supply chain snarls, soaring used-car prices — are fading. Yet underlying measures of inflation are actually worsening.

The global financial messaging system has partnered with a fintech to build smart contracts that use blockchain technologies to automate the reconciliation process.

The U.S. dollar's pullback in recent days is prompting speculation about whether the currency may soon plateau. Still, few are ready to say the dollar's record-smashing rise is over.

The energy sector is one of the rare bright spots in the world's equity markets; an index of energy companies in the S&P 500 has rallied more than 40% so far this year.