Headaches and Backlogs Loom as Tax Filing Season Nears Again
WASHINGTON—The third tax-filing season during the coronavirus pandemic is set to begin soon with more delays, uncertainty and frustration likely...
Economic News
Beijing Fell Short on Trade Deal Promises, Creating Dilemma for Biden
WASHINGTON—Beijing’s commitment to step up purchases of U.S. goods and services under a 2020 trade pact expires Friday with China...
Strong Labor Market in 2021 Faces Down Omicron Threat
U.S. employers added a record number of jobs in 2021, a gauge of layoffs fell to a half-century low and...
WSJ News Exclusive | Biden Eyes Raskin as Top Fed Banking Regulator
President Biden is considering Sarah Bloom Raskin for a top role at the Federal Reserve as part of a slate...
U.S. Home-Price Growth Slowed Again in October
U.S. home-price growth slowed for the second straight month in October, an indication that the hot housing market may be...
Omicron Variant is Expected to Dent Global Economy in Early 2022
A winter surge in Covid-19 cases driven by the Omicron variant is prompting economists to downgrade U.S. and global growth...
Economy Week Ahead: Home Prices, Unemployment Claims
Data on average home prices in major metropolitan areas and pending home sales are due this week. Photo: Justin Sullivan/Getty...
Germany’s Vast Foreign Surpluses Are Finally Falling, Fulfilling an Old U.S. Demand
FRANKFURT—After years of digging in its heels, Germany is on track to reduce its giant foreign surpluses, a potential boon...
Turkey Rolls Out Economic Rescue Plan, Reversing Lira’s Spiral
ISTANBUL—Turkey’s currency mounted a dramatic, partial reversal from a monthslong collapse on Tuesday after President Recep Tayyip Erdogan announced a...
Millennials Are Supercharging the Housing Market
The generation that supposedly didn’t want to buy things now accounts for over half of all home-purchase loan applications. Economists...
Canada Renews Central Bank’s Inflation-Targeting Mandate
OTTAWA—The Canadian government and Bank of Canada agreed Monday to renew the central bank’s mandate to target 2% annual inflation,...
How Do You Feel About Inflation? The Answer Will Help Determine Its Longevity
Supply-chain disruptions, labor shortages and climbing oil prices have pushed inflation to a 39-year-high. But attention is now focused on...
Brazil Grapples With Old Nemesis Inflation Amid Pandemic
SÃO PAULO—Inflation is surging in Brazil, forcing a country with one of the highest death rates from Covid-19 to grapple with...
Inflation’s Warm-Up Act
Inflation will probably cool next year, but it may still be plenty warm. Right now, inflation is running hot. The...
Jobs Gap Has Grown to Two Unemployed Workers Per Three Openings Since Summer
U.S. job openings continue to far outpace the number of available workers, with nearly five million more open positions than...
WSJ News Exclusive | Beijing Reins In China’s Central Bank
The People’s Bank of China has never been politically independent like a Western central bank, but it has nonetheless enjoyed...
Elon Musk Comes Out Against Federal Electric-Vehicle Spending
Elon Musk took aim at a signature Biden administration legislative proposal and said China is adjusting to its growing position...
Demand for Oil, Gas to Remain Robust for Years, Energy Leaders Say
The leaders of the world’s largest oil companies said Monday that demand for the products they make will remain robust...
China Moves to Boost Slowing Economy
HONG KONG—China’s central bank said it would reduce the amount of money banks are required to set aside as it...
U.S. Added Just 210,000 Jobs in November
The U.S. economy added 210,000 jobs in November, marking a slowdown in hiring amid new Covid-19 uncertainties, but a tight...
