The Wall Street Journal reported Sunday that Engaged Capital, which has a roughly 6.6% stake in Shake Shack, is seeking three board seats and is planning to run a proxy fight.
Dow Jones Newswires: Aristocrat agrees to pay $1.2 billion for Nasdaq-listed NeoGames
Australian gaming technology developer Aristocrat Leisure agreed to pay $1.2 billion for Nasdaq-listed NeoGames.
Dow Jones Newswires: Australia’s Newcrest Mining agrees to $17.5 billion takeover by Newmont
Newcrest Mining said it has agreed to a $17.5 billion takeover by Newmont, extending a wave of deals in the sector as global miners seek to boost their exposure to metals like copper and gold.
: Debt-ceiling talks between Biden, congressional leaders likely to resume Tuesday
The second round of debt-ceiling talks between the White House and congressional leaders is tentatively set for Tuesday, President Joe Biden said Sunday.
Market Extra: ‘The Fed is problem No. 1 in American finance,’ right now, says prominent market pundit
According to Jim Grant, author of Grant’s Interest Rate Observer, the Federal Reserve has been its “handiest” in years: “It can’t keep its paws off interest rates.”
Market Snapshot: Why the stock market will struggle to rally until debt ceiling, bank woes are in rearview mirror
U.S. stocks will have a tough time coming unstuck until investors see some clarity around the debt ceiling and regional banking troubles.
: Working mothers talk about ‘mom tax’ — the financial toll of motherhood on their careers and salaries
Working moms talk about the “motherhood penalty” or “mom tax” that drives their financial and caregiving decisions.
Financial Crime: Phony billionaire hedge fund manager charged with running Ponzi scheme
Phillip Galles wooed investors by claiming to own dozens of luxury cars and paintings by Picasso and Chagall, investigators say.
Retirement Weekly: I took out a 401(k) loan but am changing jobs. What do I do now?
When a loan is not paid off, the outstanding balance is treated as a distribution.
Market Extra: How $4 trillion in Treasurys parked at banks could become a ticking time bomb if the debt-ceiling fight triggers a U.S. default
Banks buy Treasurys to earn income on ‘risk free’ assets, because the U.S. isn’t expected to default on its debt obligations.
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