Economists Seek Recession Clues in the Yield Curve
As yields on two-year Treasury notes this week moved above yields on 10-year notes, Wall Street analysts sent up warning...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
How Microsoft Became Washington’s Favorite Tech Giant
When a congressional committee was preparing to publicly interrogate the CEOs of four tech giants in 2020, Microsoft Corp. President...
U.S. March Jobs Report Shows Strong Hiring Momentum
The U.S. labor market strengthened last month as the pandemic’s grip receded and more workers jumped back into the labor...
Toyota, GM Report Slowing U.S. Auto Sales
Major auto makers reported a pullback in U.S. sales for the first quarter of 2022, as a shortage of vehicles...
Amazon Workers in New York Vote to Form Tech Giant’s First U.S. Union
Amazon.com Inc. warehouse workers in New York voted to establish the tech giant’s first union in the U.S., providing a...
March Jobs Report Keeps Fed on Track for Larger Rate Rise in May
Friday’s employment figures underscore the urgency Federal Reserve officials feel to quickly withdraw economic stimulus by raising interest rates in...
Biden to Draw Down Oil Reserves in Bid to Ease Gas Prices
WASHINGTON—President Biden will tap up to 180 million barrels of government oil reserves to help tamp down near-record high fuel...
Inflation Weighed on Consumer Spending Growth in February
Consumer spending growth, a key engine of the economy, slowed sharply in February, as the Omicron surge of Covid-19 eased...
U.S. Inflation Rises to 40-Year Peak in February by Fed’s Preferred Measure
Inflation reached a new 40-year peak in February, according to the Federal Reserve’s preferred gauge, buoyed in part by a...
U.S. Jobless Claims Edge Higher Amid Tight Labor Market
New applications for U.S. unemployment benefits rose slightly last week, indicating a strong labor market in which employers are holding...
Intel Gave CEO Pay Package Worth Nearly $180 Million Amid Turnaround Effort
Intel Corp. awarded Chief Executive Officer Pat Gelsinger compensation last year that could be worth nearly $180 million, tying much...
Judge Approves $18 Million Activision Settlement With EEOC
A California judge has approved an $18 million settlement between Activision Blizzard Inc. and the Equal Employment Opportunity Commission, marking...
Price-Fixing Case Against Chicken Company Officials Ends in Mistrial, Again
The U.S. Department of Justice’s effort to prosecute alleged price fixing in the poultry industry suffered a major setback after...
How High Energy Prices Could Help Both the Climate and the U.S.
The surge in global energy prices triggered by Russia’s invasion of Ukraine sure doesn’t seem like any sort of blessing....
UAW Chief Says He Hasn’t Had Talks With Tesla or Elon Musk
The leader of the United Auto Workers union said he hasn’t talked with Tesla Inc.’s Elon Musk after the chief...
Carl Icahn Targets Kroger Over Pork, CEO Pay
Billionaire activist investor Carl Icahn is seeking two board seats at Kroger Co., pushing the U.S. supermarket giant to make...
Inflation, Shortages Push Americans to Switch Brands More Than Ever
Well-known brand names and flashy ad campaigns are no longer enough to command U.S. consumers’ loyalty in grocery stores. Source...
Home-Price Growth Accelerated in January
Home-price growth accelerated in January as the supply of homes for sale fell to a new low. The S&P CoreLogic...
HP Makes Bet on Hybrid Work With $1.7 Billion Deal
HP said the deal, expected to close by year-end, would help grow its hybrid-office offerings. Photo: Richard B. Levine/Zuma Press...
FedEx Says Fred Smith to Step Aside as CEO, Remain Executive Chairman
FedEx Corp. founder Fred Smith is stepping down as chief executive of the company he started more than 50 years...
