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U.S. labor market still tight, but some rays of hope in inflation fight

U.S. job openings unexpectedly rose in September, suggesting demand for labor remained strong, tempering financial market expectations that the Federal Reserve would dial back its aggressive interest rate increases in

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J&J to buy heart pump maker Abiomed for $16.6 bln ahead of consumer health spinoff

Johnson & Johnson (JNJ.N) said on Tuesday it struck a deal to buy heart pump maker Abiomed Inc (ABMD.O) for $16.6 billion in cash, as it looks to boost growth

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Newmont CEO sees inflation pressure easing into the fourth quarter

Newmont Corp’s (NEM.N) chief executive assured investors that inflationary pressures were abating and should help the gold miner improve performance in the current quarter, after lower gold prices and surging

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A year after trading scandal, Fed is again under ethics spotlight

A little more than a year after a trading controversy rattled the Federal Reserve’s standing in Washington and beyond, new ethics missteps have hampered efforts by the U.S. central bank

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Elon Musk, who runs four other companies, will now be Twitter CEO

Tesla Inc (TSLA.O) boss Elon Musk said on Monday he will serve as chief executive of Twitter, the social media company he just bought for $44 billion, a move that

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Marathon Petroleum and Phillips 66 cruise past estimates on fuel demand surge

Marathon Petroleum (MPC.N) and Phillips 66 (PSX.N) posted quarterly profits which cruised past Wall Street estimates on Tuesday, becoming the latest U.S. refiners to benefit from robust fuel demand and

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Education tech firm Chegg agrees to boost security after U.S. FTC probe

Education technology company Chegg Inc (CHGG.N) agreed to bolster its data protections as part of a consent agreement reached with the U.S. Federal Trade Commission (FTC), which had criticized company

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