Europe’s Economy Slows as Ukraine War Sends Costs Soaring
Europe’s economic recovery slowed in the first weeks of March after Russia’s invasion of Ukraine while U.S. business activity picked...
Economic News
U.S. Jobless Claims Fall in Tight Labor Market
New applications for unemployment benefits in the U.S. fell last week to historic lows as employers held on to their...
Russia’s Oil-and-Gas Industry Is Starting to Feel the Bite of Sanctions
President Vladimir Putin’s war in Ukraine, and the wave of Western sanctions in response, is starting to hit Russia’s economic...
EU Support Grows for Russia Oil Ban Over Ukraine War
Support for a European Union-wide ban on the purchase of Russian oil is growing inside the bloc, according to diplomats...
Central Banks Grapple With Dual Threat of Slowing Growth, Rising Inflation
The war in Ukraine is casting a stagflationary shadow over the world economy and posing a dilemma for central banks:...
The Month Companies United Against Russia’s War
About 10 minutes into Sunday church services, Visa Inc. Chief Executive Alfred Kelly looked down at his phone and saw...
Home Sales Fell in February Amid Tight Supply, Rising Mortgage Rates
Sales of previously owned homes declined in February as rising mortgage-interest rates and a shortage of homes for sale made...
Biden Emphasizes Deficit Reduction in Bid to Pass Economic Agenda
WASHINGTON—The Biden administration and top Democrats are embracing efforts to reduce the federal deficit as they seek to gain support...
Fed Raises Interest Rates for First Time Since 2018
The Federal Reserve said it would lift interest rates and penciled in a series of further increases this year aimed...
U.S. Retail Sales Grew 0.3% in February
Americans kept up retail spending in February but at a slower pace than the prior month, as they faced high...
EU, U.K. Approve New Russia Sanctions as Allied Divisions Emerge
The European Union and the U.K. agreed on separate sets of fresh sanctions and restrictions targeting Russia, a day after...
Producer Price Increases Leveled Off in February
Suppliers’ price increases plateaued in the first two months of the year as pandemic-related disruptions and strong consumer demand continue...
Sen. Joe Manchin Signals Opposition to Sarah Bloom Raskin for Fed Post
WASHINGTON—A key Democrat came out against Sarah Bloom Raskin’s nomination to become the Federal Reserve’s top banking regulator, likely dashing...
Economy Week Ahead: Retail, Central Banks, Home Sales
The Fed is looking to cool demand and control inflation. Photo: Jonathan Ernst/REUTERS By WSJ staff March 13, 2022 3:00...
Western Drugmakers Are Still Providing Medicines to Russia
Healthcare companies say they are duty-bound to continue supplying drugs, vaccines and medical equipment to Russia, though Western sanctions and...
Covid-19 Taught Americans How to Let Go of Their Steady Paychecks
During the Covid-19 pandemic, millions of Americans quit their jobs. Some retired early. Many also became part of a growing...
House Passes $1.5 Trillion Omnibus Package That Includes Aid for Ukraine
WASHINGTON—The House passed a $1.5 trillion spending bill that includes emergency aid for Ukraine, after Democratic leaders stripped out a...
Russian Car Maker, Known for Cold War Self-Reliance, Idles Factories
Lada cars have been a symbol of Russia’s self-reliance since they began rolling off assembly lines during the depths of...
Negotiators Try to Complete Omnibus Spending Bill With Ukraine, Covid-19 Aid
WASHINGTON—House Democratic leaders said they plan to hold a vote Wednesday on a bill to fund the federal government for...
Biden Bans Imports of Russian Oil, Natural Gas
The U.S. is banning imports of Russian oil, President Biden said, targeting the lifeblood of Moscow’s economy as the West...
