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Bain Capital to Buy Envestnet in $4.5 Billion Deal
Envestnet has agreed to be acquired by private-equity firm Bain Capital in a deal that values the wealth technology platform at $4.5 billion.
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PepsiCo, After Years of Price Hikes, Sounds an Alarm on Consumer Spending
Sales volume for PepsiCo’s Frito-Lay North America business dropped 4% in the latest quarter.
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BHP to Suspend Australian Nickel Operations Amid Glut of EV Metal
BHP Group will shutter its Australian nickel operations later this year due to a global glut of the metal, a key ingredient in batteries for electric vehicles.
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Delta’s Sagging Profit Signals Trouble for Airlines This Summer
Airports are attracting record traffic, but higher costs and discounted fares are expected to weigh on carriers.
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Amazon Faces Potential U.K. Probe Over Treatment of Grocery Suppliers
The U.K.’s Groceries Code Adjudicator said that fewer than half of Amazon’s suppliers felt the e-commerce giant complied with the agency’s code of practice, according to a recent survey.
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Key inflation report looms on Thursday as traders grow more confident in Fed rate cut
The June consumer price index will be released Thursday, with traders eyeing September for the Federal Reserve’s first rate cut.