Investors Grow More Confident Fed Will Pull Off a Soft Landing
Mutual funds and hedge funds are putting money in stocks that would benefit from slowing inflation and falling rates. Source...
Economic News
Costco Sales Growth Cools as Consumers Shift Discretionary Spending
The warehouse retailer posts a year-over-year increase in membership fees. Source link
EU Sues China in WTO Over Trade Retaliation on Lithuania
WorldEuropeChina’s near-total curtailment of exports from Lithuania followed moves by the Baltic state to support Taiwan Source link
Railroads Focus on Stabilizing Workforce After Strike Is Averted
BusinessFederal regulator and businesses criticize service disruptions; Norfolk Southern rethinks furloughs Source link
Oil Price Rises After Russia Cap Kicks In
MarketsCommoditiesThe sanctions aim to crimp Russia’s oil income while preventing a surge in energy prices Source link
G-7 Sets Russian Oil Price Cap of $60 a Barrel
The move came just hours after the European Union united behind the figure, as Western nations try to curb Moscow’s...
Jobs Report Keeps Federal Reserve on Track for 0.5-Point Rate Rise
The strong November jobs report keeps the Federal Reserve on track to raise interest rates by a half percentage point...
Spending Report to Offer Clues About Consumers’ Strength This Holiday Season
EconomyGovernment to release October figures on spending, inflation and income Source link
Third-Quarter U.S. Growth Was Stronger Than Previously Thought
Job openings in October remained high and far exceeded the number of people seeking work. Source link
Eurozone Inflation Eased in November, but Further Rate Rises Likely
WorldEuropeECB’s Christine Lagarde is skeptical that inflation has peaked as the eurozone economy likely enters recession Source link
Home Prices Slid in September for Third Straight Month
EconomyU.S. EconomyCase-Shiller index fell 1% in September from August amid higher interest rates Source link
Fed’s Williams Says Inflation Fight Could Last Into 2024
A senior Federal Reserve official said he expects inflation pressures to recede over the next year but cautioned the central...
U.S. Poised to Grant Chevron License to Pump Oil in Venezuela
The move would come just as Western sanctions on Russia threaten to tighten global supplies. Source link
Fed Minutes Show Most Officials Favored Slowing Rate Rises Soon
EconomyU.S. EconomyPolicy makers have signaled plans to dial back the pace of interest-rate increases, while warning rates could rise to...
Stressed-Out Americans Plan to Buy Fewer Christmas Gifts, Donate Less to Charity
Inflation is souring the holiday season, a crucial time when companies, charities and nonprofits typically collect their biggest haul of...
U.S. Home Sales Fell for Ninth Straight Month in October
Sales of previously owned homes declined to a seasonally adjusted annual rate of 4.43 million, the weakest rate since May...
Macy’s, Kohl’s Sales Drop as Shoppers Delay Holiday Buying
Both department store chains said the outlook for the important year-end quarter remained uncertain. Source link
Home Depot Sales Up 5.6% in Third Quarter
BusinessEarningsHome-improvement retailer logs logs higher sales despite fewer transactions Source link
China Dials Back Property Restrictions in Bid to Reverse Economic Slide
WorldAsiaChinaPartial easing of housing-sector rules comes as Beijing also seeks to lessen economic toll of strict Covid controls Source link
FTX Files for Bankruptcy; Sam Bankman-Fried Steps Down as CEO
The cryptocurrency platform said Sam Bankman-Fried would remain at the company to assist with an orderly transition and it would...
