Expats Quietly Leave Russia Over Financial and Safety Worries
It was just an internet rumor: Russia might seize bank accounts of foreigners in the country. But since Russia invaded...
Economic News
Oil Industry Contemplates World Without Russian Crude
As oil prices shoot to levels unseen since before the 2008 financial crisis, the energy industry is asking a previously...
Economy Week Ahead: Trade, ECB, Inflation
U.S. inflation data highlights this week’s docket of regularly scheduled economic releases. Official reports won’t yet fully capture growing economic...
Strong Hiring, Low Unemployment Point to Economy Making Post-Pandemic Pivot
The U.S. labor market is pivoting toward a post-pandemic world, with a steady stream of adults joining the labor force...
Ukraine War Plunges Auto Makers Into New Supply-Chain Crisis
BERLIN—After a pandemic and a global chip crunch, Russia’s war in Ukraine has unleashed auto makers’ third supply-chain crisis in...
Powell Says Fed Is on Track to Raise Rates in Two Weeks
Federal Reserve Chairman Jerome Powell said he would propose a quarter-percentage point rate increase at the central bank’s meeting in...
U.S. Economy Grew Modestly Amid Omicron Surge, Fed Beige Book Says
The U.S. economy grew at a modest to moderate pace from mid-January through early February as the Omicron variant of...
U.S., IEA Agree to Release 60 Million Barrels From Oil Stockpiles Amid Ukraine Turmoil
The U.S. and other major oil-consuming nations said Tuesday they would release 60 million barrels of oil from their emergency...
Western Sanctions Bite Russian Economy, but Pose Unpredictable Risks
The conventional wisdom until last week was that sanctions had limited influence on a nation state, especially one as large...
The West’s Sanctions Barrage Severs Russia’s Economy From Much of the World
Western nations dropped economic sanctions of historic scale on Russia that are hobbling its financial system and effectively reversing 30...
U.S., Allies Roll Out Fresh Sanctions on Russia Amid Debate Over How Hard to Hit
Russia’s overnight assault on Ukraine triggered a surge of calls Thursday for Western allies to completely cut Russia off from...
Biden Aims Sanctions at Russian Military, State-Owned Enterprises
WASHINGTON—President Biden promised to make Russian President Vladimir Putin an international pariah as he announced a wave of new sanctions...
Russian Invasion Scrambles Prospects for Global Economy
Russia’s invasion of Ukraine heaped fresh risks on a global economy struggling with soaring inflation, supply-chain snarls and a rocky...
Rio Tinto Needs to Spend Money to Make Money
A world-wide shortage of many major commodities is a headache for most companies these days. But for Australian metals heavyweight...
Home Depot Expects Sales Growth to Slow in 2022
Sales growth will likely slow this year for Home Depot Inc., the home-improvement retailer said Tuesday, an indication that the...
Why This Economic Boom Can’t Lift America’s Spirits
Discontent is widespread in spite of rapid job growth, wage gains and strong asset values. At the root of it:...
Fiscal Stimulus Is Turning Into a Fiscal Drag, in a Big Headwind for Growth
The federal pandemic support that helped propel the economy to blistering growth last year and put upward pressure on inflation...
Fed Sets Trading Restrictions for Top Officials
The Federal Reserve formally adopted new ethics rules aimed at limiting financial-market trading by its top officials, senior staff and...
Fed Officials Lean Against Expectations of Half-Point Increase in March
Federal Reserve officials pushed back Friday against the prospect that they would begin raising interest rates next month with a...
Fed Eyeing Potential for Faster Rate Increases to Ease Inflation
Federal Reserve officials at their meeting last month discussed an accelerated timetable for raising interest rates, beginning with an anticipated...
