CPI Report Shows Inflation Has Been Cut in Half From Last Year’s Peak
The consumer-price index rose 4% in May from a year earlier, well below the recent peak of 9.1% last June...
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China’s Central Bank Moves to Shore Up Recovery
Unexpected trim in key lending rate likely heralds further steps to stimulate China’s economy. Source link
What’s Killing Productivity? Some Think It’s the Banks
June 13, 2023 12:00 am ETLONDON—The birthplace of the industrial revolution is in dire need of innovation. Standing in the...
After Illumina CEO’s Fall, Other Executives Are Expected to Take Hard Look at Deals
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FTC Plans to Seek a Restraining Order to Stop Microsoft From Closing Activision Deal
A judge would need to agree to issue the time-limited order; there is no guarantee when or if the agency...
Nasdaq to Acquire Financial-Software Firm Adenza for $10.5 Billion
Nasdaq has agreed to acquire Adenza, a maker of software used by banks and brokerages, in a $10.5 billion cash-and-stock...
Hotel Owners Start to Write Off San Francisco as Business Nosedives
June 12, 2023 12:01 am ETSan Francisco’s once thriving hotel market is suffering its worst stretch in at least 15...
WSJ News Exclusive | Glencore Approaches Teck Over Its Coal Business
The commodities giant is willing to buy Teck’s unit as an alternative to a full merger. Source link
Illumina CEO Francis deSouza Resigns Amid Regulatory Hurdles, Proxy Fight
Activist investor Carl Icahn has signaled he wants former CEO Jay Flatley to return to gene-sequencing test maker. Source link
Air-Bag Parts Maker Refusing U.S. Recall Request Had Workplace-Safety Woes
ARC Automotive, the Chinese-owned maker of 67 million air-bag inflators that regulators want recalled, has faced safety violations and litigation...
Nike Broke Up With Retailers. Now It’s Trying to Win Them Back.
The sneaker maker’s strategy seeks to shed excess product as inflation pinches consumers’ budgets. Source link
Railroads Offer Paid Sick Leave, Better Work Conditions After Yearslong Efficiency Push
Union Pacific, CSX and Norfolk Southern agree to labor-friendly policies to ease staffing strains. Source link
This Summer, Lifeguards Have Better Job Prospects Than Office Interns
Listen to article(2 minutes)Swim instructors, ice-cream scoopers and camp counselors are among this summer’s most sought-after workers. Office interns? Not...
Can Twitter’s Odd Couple Make It Work? Elon Musk and His New CEO Are About to Find Out
Musk announced her arrival before she had a contract. They haven’t formally agreed on a budget or headcount. And Linda...
The Case for Banning TikTok, Snapchat and Instagram for Kids Under 16
June 10, 2023 12:01 am ETI was recently talking to a father of two kids, ages 5 and 6. He...
U.S. Chamber of Commerce Challenges Federal Government’s New Drug-Price Powers
The lawsuit is the second filed this week saying Medicare’s new negotiating authority is unconstitutional. Source link
Dispute Erupts Over Former Zappos CEO Tony Hsieh’s Happiness Brand
A friend of former Zappos CEO Tony Hsieh is suing the entrepreneur’s estate over ownership of the Delivering Happiness business....
China’s Inflation Problem? It Has None
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Frequent Fliers Wonder: Is Elite Status Worth It Anymore?
As membership perks become harder to obtain, more travelers are becoming free agents. Source link
‘It’s Not My Responsibility’ to Save the Office Economy
Updated June 8, 2023 5:41 pm ETIf there’s an overarching truth in the workplace right now, it’s this: Many workers...
