Bloomberg General Electric Co said it now expects to buy back $25 billion of bonds, expanding one of the biggest debt repurchases ever, after finding strong demand from investors to sell the securities. Investors have so far offered to sell about $33 billion of bonds to the company, GE said in a statement. GE had sought to buy back ...

  Bloomberg US consumer prices rises last month at the fastest annual pace in nearly 40 years, underscoring how rapid and persistent inflation is eroding paychecks and increasing pressure on the Federal Reserve to tighten monetary policy. The consumer price index (CPI) climbed 6.8% from November 2020, according to Labour Department data. The widely followed inflation gauge rises 0.8% from ...

  Bloomberg Rivian Automotive Inc, the electric truck start-up valued at more than $100 billion, is planning to announce that it will build a vehicle-assembly and battery plant in Georgia, according to people familiar with the matter. The Irvine, California-based automaker, which had also considered competing sites in Texas and Arizona, is expected to reveal the plans at an event, ...