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Money & Markets

UAW chief says deal near that may end CNH Industrial strike

DETROIT — The United Auto Workers president says the union is close to reaching another agreement with CNH Industrial that improves a deal rejected by striking workers earlier this month. In an interview with The Associated Press Thursday, President Ray Curry said he’s hopeful the deal ...

Wholesale inflation in US slowed further in December to 6.2%

WASHINGTON — Wholesale prices in the United States rose 6.2 percent in December from a year earlier, a sixth straight slowdown and a hopeful sign that inflation pressures will continue to cool. The latest year-over-year figure was down from 7.3 percent in November and from a recent peak of ...

Emerson reveals $7.6 billion bid for National Instruments

NEW YORK — Emerson Electric Co. is going public with its $7.6 billion bid for National Instruments, saying the company has avoided serious buyout negotiations since early last year. Emerson bumped up its cash offer for the maker of scientific measuring equipment and software to $53 per ...

South Korea president, in UAE, backs return to nuclear power

ABU DHABI, United Arab Emirates — South Korean President Yoon Suk Yeol said on Monday that his nation’s efforts to be carbon neutral by 2050 would rely in part on returning to nuclear power, even though his predecessor had tried to move away from atomic power. Yoon’s comments at a ...

Yellen tells Congress US expected to hit debt limit on Thursday

WASHINGTON — Treasury Secretary Janet Yellen notified Congress on Friday that the U.S. is projected to reach its debt limit on Thursday and will then resort to “extraordinary measures” to avoid default. In a letter to House and Senate leaders, Yellen said her actions will buy time until ...

IRS announces Jan. 23 start date for tax filing season

WASHINGTON — The official start date of the 2023 tax filing season is Jan. 23, when the IRS will begin accepting and processing 2022 returns, the agency announced Thursday. The news comes after the National Taxpayer Advocate reported Wednesday that the IRS watchdog is seeing “a light at ...