Business

Markets Rally After Central Bank Signals a Pause in Rate Increases

Equities posted their strongest single-day advance in months after the Federal Reserve Board's regional counterpart, the Atlantic Reserve, hinted that its long campaign of tightening may be nearing an end. Traders read the carefully hedged language as a signal that borrowing costs could hold steady through the summer.

A $40 Billion Tech Merger Runs Headlong Into Antitrust Scrutiny

Regulators at the Federal Competition Office said they would take a hard look at the proposed combination of cloud rivals Northwind Systems and Veridian Data, warning that the tie-up could reshape the market for enterprise software. The companies insist the deal will lower prices for customers.