The risk to markets Friday is that Fed Chair Janet Yellen simply sounds more ready than markets expect to raise rates for the second time in 10 years.
Matt Levine is a Bloomberg View columnist. He was an editor of Dealbreaker, an investment banker at Goldman Sachs, a mergers and acquisitions lawyer at Wachtell, Lipton, Rosen & Katz and a clerk for the U.S.
WASHINGTON—A key measure of corporate profits rose this spring for a second straight quarter alongside modest growth in the overall economy, though U.S.
Cloud-computing provider Rackspace Hosting Inc. RAX 4.32 % is being taken private by private-equity firm Apollo Global Management LLC for $4.3 billion.
The combined beer giant resulting from the mega-brew merger of Anheuser-Busch InBev and SABMiller is expected to shed several thousand jobs globally as it seeks to capitalize on cost-saving opportunities emanating from the deal.