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  Bloomberg Texas’s power grid passed its biggest test since last year’s deadly blackouts, keeping most lights on during a wintry blast. This storm, however, was far less severe than last year’s monstrous one, leaving questions whether the state is really ready for another deep freeze. While reforms politicians enacted in the past year did help keep power plants running, ...

  Unilever Plc wants to buy and sell assets to create a faster-growing consumer-products business. But this strategy of bulking up before slimming down won’t serve shareholders well. With activist Nelson Peltz building a stake in Unilever through his hedge fund Trian Fund Management LP, the prospect of breaking up the giant has come into sharp relief. That’s because its ...

Alphabet Inc. and Meta Platforms Inc., the world’s biggest digital advertising platforms, once again raked in astonishing amounts of money in 2021. “So what else is new?” you’re probably wondering. Almost every year for the past decade, the companies also known as Google and Facebook set profit records. But this week marked a troubling difference. Facebook’s announcement that user numbers ...

  The Federal Reserve last month released a report about how the US might update its currency for an “age of digital transformation.” While the long overdue assessment doesn’t reach a conclusion on whether a new digital dollar would be a good idea, the way it breaks down the issues repeatedly confuses the interests of the financial sector with those ...

  As companies worldwide work to rebuild their stockpiles of goods, they are sending a message about inflation. The trouble is that message is far more worrisome than many people have concluded, and it poses a bigger-than-expected problem for policy makers and the markets. Consider last week’s release of US gross domestic product numbers for the fourth quarter. Those who ...

  Bloomberg Airbus SE dodged the threat of strikes in Germany, reaching a labor deal that will allow continued production of its best-selling A320 jetliner. The accord rules out compulsory job cuts at restructured parts plants until the end of 2030, according to the IG Metall union. Airbus agreed to invest in the sites until at least that date and ...

  Bloomberg Frontier Group Holdings Inc agreed to buy Spirit Airlines Inc. for $2.9 billion in cash and stock, uniting two ultra-low-cost carriers targeting the recovering US leisure-travel market. Spirit shares rose the most in 14 months. Spirit investors will receive 1.9126 Frontier shares and $2.13 in cash for each Spirit share, according to a statement Monday. The deal implies ...

  Bloomberg A Danish pension fund said it will exit its $3 million stake in Wizz Air Holdings Plc after talks failed to resolve concerns surrounding the discount carrier’s labor practices. AkademikerPension, which manages around $23 billion, said Monday that it will sell the stock after Wizz rebuffed a plea for it to recognize staff rights concerning freedom of association ...

  Bloomberg It’s an age-old question: “Business or pleasure?” For airline passengers these days, the answer increasingly is both. The growth in so-called “bleisure” trips blending personal getaways with remote work has helped fill seats on planes during the coronavirus pandemic and marks a shift in travel patterns for an industry used to clear divisions between briefcase-toting road warriors and ...

  Bloomberg US retailers are bracing for more returns than usual, adding stress to an industry already grappling with increasing labor costs and supply-chain issues. Shoppers are expected to return more than $761 billion in merchandise sold last year, representing about 16.6% of total US retail sales, according to a survey of retailers. That’s up from 10.6% during 2020. Fraudulent ...