Consumer Spending Fell 0.2% in December as Inflation Cooled
EconomyU.S. EconomyUnderlying inflation cooled to its slowest pace since October 2021. Source link
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
Bed Bath & Beyond Says Banks Have Cut Off Its Credit Lines
Bed Bath & Beyond Inc. said it doesn’t have the funds to repay its banks after they determined the retailer...
WSJ News Exclusive | BuzzFeed to Use ChatGPT Creator OpenAI to Help Create Quizzes and Other Content
WSJ News ExclusiveMedia & MarketingCEO Jonah Peretti intends for artificial intelligence to play a larger role in the company this...
Southwest Airlines Earnings Hit by $220 Million Loss After Holiday Meltdown
BusinessEarningsCustomer cancellations at biggest domestic airline spills into first quarter Source link
GDP Report Shows Economic Growth Cooled Slightly in Fourth Quarter
U.S. economic growth cooled slightly to a 2.9% annual rate in the fourth quarter, capping a year of high inflation...
WSJ News Exclusive | FAA Suspends Access for Contract Personnel Involved in Flight Disruption
The agency says the suspension will remain during investigation of a pilot-alert system outage. Source link
DOT Probes Southwest Airlines Scheduling After Holiday-Travel Meltdown
BusinessSouthwest says it will cooperate with requests from government officials Source link
New York Attorney General Probing Madison Square Garden’s Use of Facial Recognition Technology
BusinessProbe related to company’s alleged use of the technology to bar certain ticket holders from its venues Source link
Surge in Hiring by Small Business Complicates Fed’s Effort to Cool Economy
EconomyU.S. EconomyCentral bankers point to labor market as a primary driver of high inflation Source link
Rupert Murdoch Withdraws Proposal to Merge Fox Corp. and News Corp
BusinessMedia & MarketingSpecial committees of the media companies’ boards had been reviewing Murdoch’s proposal Source link
Microsoft Earnings Fell Last Quarter Amid Economic Concerns
BusinessEarningsSoftware giant’s revenue growth slowed to a more than six-year low as demand for cloud services cooled Source link
Amazon Launches $5-a-Month Prescription Drug Plan in Further Healthcare Push
The new Prime membership benefit, dubbed RxPass, will offer unlimited access to commonly prescribed generic medications. Source link
WSJ News Exclusive | Ford in Talks to Sell German Plant to China’s BYD
WSJ News ExclusiveBusinessA deal would mark a big step overseas for China’s electric-car industry Source link
Twitter Headquarters Landlord Sues Elon Musk’s Company, Alleging Unpaid Rent
The suit joins the other legal battles between the social-media company and vendors since Elon Musk acquired the business last...
Elevance to Acquire Louisiana Nonprofit Health Insurer
HealthThe company didn’t disclose terms of the deal, which could add roughly 1.9 million members Source link
Janet Yellen Pushes China on Debt Relief for Zambia
The Treasury secretary, during a three-country trip to Africa, pursued a crucial test of a U.S.-backed effort to help developing...
Spotify to Cut 6% of Workforce in Latest Tech Layoffs
TechStreaming company says move is part of broader cost-cutting measures Source link
WSJ News Exclusive | Janet Yellen Dismisses Minting $1 Trillion Coin to Avoid Default
Treasury Secretary says the Federal Reserve likely wouldn’t accept a platinum coin if one were minted in an effort to...
Economy Week Ahead: U.S. GDP, Household Spending in Focus
EconomyEconomy Week AheadBusiness-activity surveys from around the world, as well as Canada’s monetary-policy decision, are on tap Source link
China’s Reopening Complicates Global Fight Against Inflation
A stronger Chinese economy would boost demand for commodities but could also ease supply-chain bottlenecks—resulting in mixed signals for central...
