GDP Report Shows Economic Growth Slowed in First Quarter
Growth slowed to 1.1% annual rate as resilient consumers faced high inflation and rising interest rates. Source link
Economic News
Republicans Advance Debt-Ceiling Bill Aiming to Spark Talks With Biden
Party leaders say a final vote could come later Wednesday on legislation making deep spending cuts. Source link
Bed Bath & Beyond Files for Bankruptcy
Years of losses and a failed turnaround plan left the retailer struggling to stock stores. The company expects all its...
Drop in Transportation Stocks Foreshadows Weakening Economy
The Dow Jones Transportation Average has badly underperformed the Dow Jones Industrial Average since early February. Source link
U.K. Inflation Stays Above 10%, Raising Prospect of Further Interest-Rate Increases
Food prices rose at the highest pace in decades. A combination of persistent price increases and rising wages sets the...
Canada Public Broadcaster Joins NPR in Quitting Twitter Over Label Uproar
TechCBC says label ‘government-funded media’ in which officials determine editorial content is ‘untrue and deceptive’ Source link
Saudi Arabia, U.A.E. Scoop Up Russian Oil Products at Steep Discounts
Despite U.S. objections, the Gulf countries are using the Russian products internally, including for consumption and refining purposes, and exporting...
WSJ News Exclusive | Johnson & Johnson’s Talc Plan Spotlights Chapter 11 Voting Power
Johnson & Johnson’s latest plan to resolve mass cancer lawsuits through bankruptcy could force some cosmetic-talc users and their lawyers...
America Is Back in the Factory Business
Record spending on manufacturing construction heralds a made-in-the-U.S. rebound, stoked by green-energy incentives and concerns about foreign supply chains. Source...
March Jobs Report Shows Hiring Gradually Cooling
U.S. hiring slightly cooled in March as employers added 236,000 workers. The unemployment rate fell to 3.5%. Source link
Bank Failures. High Inflation. Rising Rates. Is the Resilient Jobs Market About to Crack?
U.S. employers added 5.6 million jobs over 14 months, but gains have shown signs of cooling recently amid economic risks....
New Zealand Shocks With Big Rate Rise as Some Central Banks Pause
The Reserve Bank of New Zealand said its half-percentage-point increase was necessary to curb stubbornly high inflation. Source link
U.S. Job Openings Dropped in February
The number of job openings fell below 10 million for the first time in nearly two years, a sign that...
China’s Housing Market Has Plenty of Space but Not Enough Buyers
Around a third of all newly completed apartments in the country went unsold in 2022. Source link
Consumer Spending Moderated in February and Core Inflation Eased
Consumer spending increased a seasonally adjusted 0.2% in February, from January’s revised 2% increase, which was the largest one-month gain...
Janet Yellen Says Bank Rules Might Have Become Too Loose
The Treasury secretary argues that efforts to protect financial stability are incomplete. Source link
Low Jobless Claims Show Labor Market Shrugs Off Economy’s Clouds
Worker filings for unemployment benefits rose to a seasonally adjusted 198,000 last week but were still historically low, showing that...
Alibaba Co-Founder Jack Ma Returns to China After a Year Away
TechBillionaire’s trip home comes as Beijing eases tech crackdown that hit business confidence Source link
U.S. Bank Failures Pose Risk to Global Growth
Turmoil in the U.S. banking sector increases the risks of a global recession. Source link
Banking Strains, Inflation Threaten Global Economic Rebound
EconomyA strong services sector is supporting activity around the world, but that strength also fuels inflation Source link
