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Alcoa Corp. cut its production forecast for alumina after operational problems at an Australian refinery weighed on output, overshadowing a quarter in which higher aluminum prices helped lift the metal producer’s revenue.
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Investors pull away from shares in companies that have led markets higher this year
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Combined company positioned to advance portfolio of biologic agents designed to improve outcomes in patients with numerous immunologically-driven disorders
Stocks in Asia look set to open lower Friday after a selloff in chipmakers hit Wall Street amid concerns over whether massive artificial-intelligence investments will justify lofty valuations.
Rising oil prices are only part of the problem
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The healthcare giant is working to stabilize margins by shrinking membership, exiting unprofitable contracts and pouring $1.5 billion into AI.
The bullish tone in the US bond market following two benign inflation reports has traders of interest-rate options scrambling to exit positions bought in anticipation of at least one rate hike by the Federal Reserve this year.
Agencies issue joint statement on handling of highly sensitive information during bank examinations
Proposed prediction market ETFs risk missing the point
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Cost of living, North Sea energy and devolution set to feature in early days and weeks of new premiership