Pro football league may allow private-equity firms to own up to 10% of a team.
Shares of Southwest Airlines Co. got a lift toward a six-week high Monday after activist investor Elliott Management sent a letter to shareholders explaining why the air carrier needs new leadership.
IBM is reportedly cutting 1,000 jobs after its revenue from China fell nearly 20% in 2023.
Orders at U.S. factories for long-lasting goods, such as new cars or machinery, jumped 9.9% in July, beating a 4% forecast. Orders have risen in five of the last six months.
McKesson said it hopes to “bring advanced treatments and improved care experiences to patients, while also reducing the overall cost of care.”
Treasury yields were little-changed early Monday after falling last week as Federal Reserve Chairman Jerome Powell teed up a September interest-rate cut.
SolarEdge’s stock charged higher in early Monday trading, after the solar-power-equipment maker said its chief executive of the past five years, Zvi Lando, has stepped down.
Mizuho said Monday its August consumer survey found that low-income consumers, who account for 22% of total U.S. household spending, continuing to struggle. But the cracks were also starting to show for higher-income consumers.
