Janet Yellen Pushes China on Debt Relief for Zambia
The Treasury secretary, during a three-country trip to Africa, pursued a crucial test of a U.S.-backed effort to help developing...
Economic News
WSJ News Exclusive | Janet Yellen Dismisses Minting $1 Trillion Coin to Avoid Default
Treasury Secretary says the Federal Reserve likely wouldn’t accept a platinum coin if one were minted in an effort to...
Economy Week Ahead: U.S. GDP, Household Spending in Focus
EconomyEconomy Week AheadBusiness-activity surveys from around the world, as well as Canada’s monetary-policy decision, are on tap Source link
China’s Reopening Complicates Global Fight Against Inflation
A stronger Chinese economy would boost demand for commodities but could also ease supply-chain bottlenecks—resulting in mixed signals for central...
Tesla, Microsoft Are Headlining First Busy Earnings Week of 2023
BusinessEarnings PreviewVerizon and Southwest also on tap as economists gauge effect of interest rates Source link
Unemployed Americans Find Job Searches Take Longer as Labor Market Cools
In December, 826,000 unemployed workers had been out of a job for about 3½ to 6 months, up from 526,000...
Janet Yellen Says Treasury Can’t Prevent Default if U.S. Breaches Debt Limit
PoliticsMissing a payment on any government obligation would constitute default, Treasury secretary says Source link
Consumer Prices Plateau as Inflation Slows to Prepandemic Levels
After a period of steep inflation, Americans have seen monthly price growth ease, but when will things get back to...
Top Fed Official Sees Inflation Decline as Notable Improvement
A top Federal Reserve official said the recent decline in inflation was an important development that could raise questions over...
WSJ News Exclusive | Iraq Economy Reels as U.S. Moves Against Money Flows to Iran
Iraqis are blaming a little-noticed policy change by the U.S. Treasury and the Federal Reserve Bank of New York for...
U.S. Retail Sales Fell 1.1% in December
EconomyU.S. EconomySales see biggest monthly decline of 2022 as consumers cut back at height of holiday season Source link
Crypto Platform Bitzlato Charged With Laundering More Than $700 Million of Illicit Money
U.S. authorities designated cryptocurrency exchange Bitzlato Ltd. as a primary money-laundering concern and charged its founder for allegedly facilitating money...
China’s Economic Growth Fell to Near-Historic Lows as Covid Took a Bite
SINGAPORE—China’s economy grew at one of its slowest rates in decades last year as repeated lockdowns hammered households and businesses,...
IMF Warns Unraveling Economic Ties Could Shrink Global Output
The lender warned of declines due to rising trade, migration and investment barriers. Source link
Egg Prices Have Soared 60% in a Year. Here Is Why They Are So Expensive.
The avian flu outbreak keeps the egg supply tight as inflation rises. Source link
Workers Lose Ground to Inflation Despite Big Wage Gains
EconomyRecent data suggest a shift is under way, with paycheck totals gaining as inflation recedes Source link
Europe’s Mild Winter Cushions Economic Blow of Ukraine War
Russia’s economic war with the West looks set to claim a much smaller toll on Europe than the brutal recession...
U.S., Allies Prepare Fresh Sanctions on Russian Oil Industry
Treasury officials are in Europe this week discussing price caps that go into effect next month. Source link
GOP House Takes First Swipe at IRS Money
PoliticsFirst legislation from new Republican majority would rescind billions in funding for tax agency Source link
Economy Week Ahead: Consumer Inflation in Focus
EconomyEconomy Week AheadU.S. and Chinese governments to report latest price trends Source link
