Senate Democrats Blink: DHS Deal Emerges After Weeks Of Gridlock

Nelson Peltz's Trian Discussing Wendy's Go-Private Takeover Shares of Wendy's jumped in premarket trading after the Financial Times reported that Nelson Peltz's Trian Fund Management is considering taking the hamburger chain private and is seeking investors to back the deal. FT noted: Trian in recent weeks has held discussions with outside investors, including in the Middle East, about financing a potential takeover of Wendy's, according to people familiar with the matter. Earlier this year, Trian stated in a regulatory filing that Wendy's is "currently undervalued," fueling speculation that Peltz would push for significant...

On Tuesday, Pakistani Prime Minister Shehbaz Sharif said that Islamabad was making progress in mediating a ceasefire between Washington and Tehran. The White House approved Sharif’s statement before it was posted, and it explained the truce would cover all warring parties.  The New York Times reported on Thursday that Washington reviewed and approved Sharif’s statement […]

"Resilient" US Manufacturing Sector Surges In Face Of War, Prices Paid Up Amid the fog of war and fading 'hard' data, the final March S&P Global Manufacturing PMI printed 52.3 (a small drop from the flash 52.4 print), higher than the 51.8 print for February. “Faster growth of output in March points to encouraging resilience for US manufacturing in the face of the outbreak of war in the Middle East," according to Chris Williamson, Chief Business Economist at S&P Global Market Intelligence. The ISM Manufacturing PMI also rose from 52.4 to 52.7 -...