Executive Branch

U.S. Retail Spending Held Steady in July

HS 17/08/2022

U.S. consumers continued opening their wallets last month, shifting savings from falling gasoline prices to purchases of everyday goods as...

Samsung Leader Jay Y. Lee Receives Presidential Pardon for Bribery Conviction

HS 12/08/2022

SEOUL— Samsung’s de facto leader, Lee Jae-yong, will receive a pardon on Monday, South Korea’s presidential office said, a legal...

Rapid Wage Growth Keeps Pressure on U.S. Inflation

HS 09/08/2022

Workers’ wages are rising briskly, a factor contributing to four-decade high U.S. inflation.Average hourly earnings grew 5.2% in July from...

U.S. Added 528,000 Jobs in July

HS 05/08/2022

The U.S. economy has now recouped the 22 million jobs lost early in the pandemic, adding 528,000 positions in July...

Trial Begins in Justice Department’s Bid to Block Book Publishing Merger

HS 01/08/2022

WASHINGTON—Trial proceedings kicked off in the Justice Department’s antitrust challenge to Penguin Random House’s planned acquisition of rival publisher Simon...

Inflation Hits Fresh Four-Decade High, According to Fed’s Preferred Measure

HS 29/07/2022

Inflation accelerated in June, measured by the Federal Reserve’s preferred gauge, driven by a jump in energy prices as well...

Treasury Moves to Ease Limits on Foreign Tax Credits After Companies Object

HS 27/07/2022

WASHINGTON—The U.S. Treasury Department is softening its limits on foreign tax credits, responding to corporations that have been warning about...

Twitter-Musk Trial Set for October in Lawsuit Over Stalled $44 Billion Takeover

HS 20/07/2022

Chancellor Kathaleen St. Jude McCormick, the chief judge of the Delaware Chancery Court, ordered a five-day trial in October, over...

Uber Agrees to Pay Penalties After Overcharging People With Disabilities

HS 19/07/2022

The Justice Department said it settled a case with Uber Technologies Inc. that alleged the ride-hailing company wrongfully charged wait-time...

Sen. Joe Manchin Balks at Global Minimum Tax Championed by Biden

HS 16/07/2022

WASHINGTON—The Biden administration’s international tax agenda suffered a setback when Sen. Joe Manchin rejected a 15% minimum tax on multinational...

All Jobs Businesses Cut in Pandemic Are Back, but Not Where They Were Lost

HS 16/07/2022

Transportation and warehousing jobs, benefiting from an e-commerce boom, have grown the fastest among major industry groups since the Covid-19...

U.S. Retail Sales Rose 1% in June

HS 15/07/2022

June’s increase came after sales declined slightly in May, the Commerce Department said Friday.Consumers spent more last month across a...

U.S. Inflation Hits New Four-Decade High of 9.1%

HS 13/07/2022

U.S. consumer inflation climbed to 9.1% in June, a pace not seen in more than four decades, adding pressure on...

Migrant Surge Is Top Concern at Biden Meeting With Mexico’s López Obrador

HS 13/07/2022

President Biden met Tuesday with Mexico’s president at the White House as both nations face a surge in illegal border...

Treasury Nominee Pressed on Global Tax Deal, China Tariffs, Inflation

HS 12/07/2022

WASHINGTON—Senators pressed Jay Shambaugh, President Biden’s pick to serve as the Treasury Department’s top economic diplomat, about the administration’s efforts...