Tesla to Halt Production in Germany as Red Sea Conflict Hits Supply Chains
Updated Jan. 12, 2024 1:45 pm ETBERLIN—Tesla plans to halt production at its only large factory in Europe for two...
Economic News
America’s Mortgage King Also Wants an NBA Crown—Right Now
Listen to article(1 minute)When the Phoenix Suns played the Detroit Pistons early this month, Mat Ishbia’s fingerprints were everywhere.He bought...
Big-Company Bankruptcies Hang Over Economy
Businesses that loaded up on debt when interest rates were lower now face a growing risk of failure. Source link
UAW Expands Strike to GM Plant in Michigan, Ford Factory in Chicago
Union President Shawn Fain cited a lack of progress at the bargaining table as walkouts enter their third week. Source...
Rising Rates Make Big Companies Even Richer
The Fed raised interest rates to slow the economy—but at some big companies, the moves had the opposite effect, boosting...
China’s Electric-Vehicle Makers Face EU Antisubsidy Probe
The antisubsidy investigation opens a new front in the battle for leadership of the global clean-technology industry. Source link
Why Central Bankers Are Unsure Whether They’ve Raised Rates Enough
At Jackson Hole, they expressed an uneasy optimism about whether rates have reached a summit in the battle against inflation....
‘The Market Is Dead’: Ukraine’s Farmers Count the Cost of Grain Deal’s Collapse
Russia’s exit from the Black Sea export agreement and its attacks on Ukrainian ports have led to lower income and...
How Hard Should the Fed Squeeze to Reach 2% Inflation?
The strategy the central bank adopts to fight the last mile of inflation has big, potentially painful implications for consumers,...
Macau Reclaims Crown From Vegas as World’s Top Gambling Hub
Fortunes of MGM, Sands and Wynn are rising after they bled cash during years of pandemic border restrictions in the...
Why Child-Care Prices Are Rising at Nearly Twice the Overall Inflation Rate
Providers are boosting tuition as their costs rise and federal aid ends, straining some families’ finances. Source link
Some Fed Officials Are Turning Cautious about Raising Rates Too High
Central bank officials face a puzzle as inflation slows, but economic activity is firmer than anticipated. Source link
China Slashes Rates, Suspends Youth Jobless Data as Economy Signals Sharper Downturn
Updated Aug. 15, 2023 3:35 am ETListen to article(2 minutes)SINGAPORE—Chinese officials said they would stop reporting the country’s youth unemployment...
The Economic Losers in the New World Order
Giant subsidies and rising protectionism are upending decades of free trade. Smaller countries, from the U.K. to Singapore, are getting...
What Top Executives Are Saying About a Soft Landing
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How U.S. and China Are Breaking Up, in Charts
Listen to article(2 minutes)A deepening confrontation between the U.S. and China is eroding trade ties between the world’s two largest...
U.S. and China Poised to Drift Further Apart After Investment Ban
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What to Watch in July’s CPI Report: Why an Uptick in Annual Inflation Might Not Worry the Fed
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Chinese Exports Fall at Steepest Pace Since February 2020
Slide in outbound shipments reflects China’s fraying trade ties with the Western world, even as exports to Russia boom. Source...
The Era of Ultracheap Stuff Is Under Threat
Factories across Asia are struggling to attract young workers. That’s bad news for Western consumers accustomed to inexpensive goods made...
