Fed Raises Rates by 0.75 Percentage Point, Largest Increase Since 1994
The Federal Reserve approved the largest interest-rate increase since 1994 and signaled it would continue lifting rates this year at...
Executive Branch
U.S. Retail Sales Declined in May as Inflation Stings Consumers
Americans’ retail spending declined in May, as consumers felt the pinch from inflation, higher gasoline prices and rising interest rates.Retail...
U.S. Supplier Price Gains Accelerated in May
U.S. suppliers’ prices rose in May amid higher food and energy costs, adding to pressure on inflation.The producer-price index, which...
As Gas Prices Near $5 a Gallon, Record Fuel Costs Upend Businesses, U.S. Economy
As U.S. gasoline prices approach a record average of $5 a gallon, fuel costs are rippling through almost every corner...
U.S. Jobless Claims Rose Above Prepandemic Average Last Week
New applications for unemployment benefits rose last week above their prepandemic average for the first time since January, adding to...
U.S. Imports Slowed in April, Shrinking Trade Deficit From Record
WASHINGTON—The U.S. trade deficit narrowed in April as imports fell sharply, reflecting a moderating appetite for foreign goods and materials...
U.S. Added 390,000 Jobs in May
The U.S. economy added jobs at a solid pace in May, extending the labor market’s long stretch of gains.Employers added...
U.S. Hiring Demand Remained Strong in April
U.S. job openings remained close to record levels in April, and workers continued to quit at an elevated rate, signs...
U.S. Launches Initiatives to Boost Economic Ties With Taiwan
WASHINGTON—Amid growing tensions with China, the Biden administration is forging closer economic ties with Taiwan in areas including trade, supply...
Elon Musk Eyes Satellite Deal in Brazilian Amazon
SÃO PAULO—Elon Musk, the world’s richest person, flew to Brazil on Friday to announce a plan to connect thousands of...
Steve Wynn Sued by Justice Department
WASHINGTON—The Justice Department sued casino mogul Steve Wynn Tuesday to force him to register as a lobbyist in connection with...
Why It’s So Hard to Keep Russian Diamonds and Gold Out of the U.S. Despite Sanctions
Russian gold and diamonds could still be sold in the U.S. despite being sanctioned, lawmakers and industry participants say, unless...
Elon Musk Says He Would Reverse Donald Trump’s Twitter Ban
“I do think that it was not correct to ban Donald Trump. I think that was a mistake because it...
Judge Dismisses Trump Suit Against Twitter Over Censorship Claims
A federal judge has tossed a lawsuit filed last year by former President Donald Trump against Twitter and its then-chief...
Rapid Pace of U.S. Job Growth Stretched Into April
The U.S. labor market extended a run of rapid job growth last month despite jittery markets and increased economic uncertainty,...
FDA Limits Authorized Use of J&J’s Covid-19 Vaccine
The Food and Drug Administration limited the use of the Covid-19 vaccine from Johnson and Johnson after reviewing the risk...
Ukraine War Puts Spy Satellites for Hire in the Spotlight
AURORA, Colo.—Ukrainian forces hunting Russian tanks and tracking troop movement are being aided by imagery from a growing number of...
Conservation Tax-Break Deals Keep Flowing Despite IRS Crackdown
WASHINGTON—More than six years into an Internal Revenue Service clampdown on what the agency says are abuses of land-conservation tax...
Tariff Probe Casts Shadow on U.S. Solar Build-Out
American utilities are anticipating a significant slowdown in the build-out of new solar farms amid a U.S. probe into Asian...
Ukraine’s Grim Economic Toll From War Confronts World Governments
WASHINGTON—Top world financial officials gathered in Washington this past week confronted a grim picture of the growing economic costs of...
