Rethinking the Widely Held 2% Inflation Target

Inflation has finally returned to the Federal Reserve’s 2% goal after undershooting it for nearly five years. Now, just as the central bank has inflation where it wants it, economists and central bankers are starting to think the goal itself was a mistake.

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Fate of Walgreens-Rite Aid Deal Shrouded in Mystery

Drugstore firms Walgreens Boots Alliance and Rite Aid are set to report earnings this week, potentially shedding some light on the status of a merger that regulators have been scrutinizing heavily, much to investors’ consternation.

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Fed Readies Plan for Balance Sheet

Federal Reserve officials are zeroing in on a strategy to begin winding down their $4.5 trillion portfolio of mortgage and Treasury securities, possibly later this year, as part of their broader effort to drain reservoirs of stimulus out of the financial system.

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Cloudera Files for IPO

Big-data software company Cloudera Inc. filed paperwork to go public on Friday, revealing a business that is growing quickly but possibly not fast enough to deliver gains to its big investor Intel Corp.

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Ford CEO's Compensation Rises

Ford Motor’s board handed its chief executive a $2.5 million “strategic incentive” grant for hastening the auto giant’s transformation.

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Dow, DuPont Push Back Merger Date

Dow Chemical and DuPont said their merger’s end date was being pushed back as DuPont moved forward with plans to divest assets, a condition of EU approval.

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Caterpillar to Close Illinois Plant

Caterpillar Inc. said it would close its factory in Aurora, lll., laying off about 800 workers and shifting many of their positions to other U.S. factories by the end of 2018.

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