Thyssenkrupp, the German steel giant, gave a muted welcome to Standard & Poor's decision  to restore its investment grade rating two years after cutting it to junk because of an underfunded pension scheme.

The firm said in a statement: "Thyssenkrupp welcomes S&P's rating action and has thus been returned to investment grade status by S&P. The ratings from Moody's and Fitch have remained in the investment grade area since they were first issued."

S&P returns Thyssenkrupp to investment grade

Vivek Ahuja

Thyssenkrupp

Moody's

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The “Taylor Swift tax,” among other levies, targets the rich. Will they be driven away?

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The S&P 500 and the Nasdaq composite both hit closing highs for a second straight session.

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The vice president is the most high-profile recent American visitor to the Cotswolds, an idyll that locals say is being disrupted by too many Yanks.

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Tricks of the trade gain new importance as 401(k) accounts open up to alternative investments.

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Trump Calls on Goldman to Replace Economist Over Tariff Stance

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A 23-year-old former OpenAI researcher quickly amassed more than $1.5 billion for a firm he called a “brain trust on AI.” 

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Top executives at JPMorgan Chase traveled through states including Mississippi and Alabama, where the bank is expanding its reach.

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The U.K. central bank lowered its key rate for the fifth time in a year as it seeks to balance a pickup in inflation against a cooling jobs market.

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Exits Lift Carlyle in Second Quarter as Firm Sees Better Market Conditions

The bank’s quarterly net result declined but revenue rose 13% compared with a year ago, and it reaffirmed its capital returns plans.

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Microsoft joined Nvidia in the $4 trillion market-cap club, while Meta is closing in on the $2 trillion mark.

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