Global Growth Ebbs in Face of Ukraine War, China Slowdown
FRANKFURT—Economic growth is slowing in large parts of the globe as businesses struggle to navigate the effects of Russia’s invasion...
Financial Services
WSJ News Exclusive | Bed Bath & Beyond’s Buybuy Baby Draws Buyer Interest
Bed Bath & Beyond has been exploring alternatives for Buybuy Baby. Photo: Michael M. Santiago/Getty Images Updated April 22, 2022...
Alleged Covid-19 Fraud Schemes Totaling $150 Million Draw Criminal Charges
Federal prosecutors have charged about 20 people in the past two weeks with allegedly engaging in various fraud schemes related...
WSJ News Exclusive | Blackstone Bets on Campus Housing With $13 Billion Acquisition
Blackstone Inc. agreed to buy student-housing owner American Campus Communities Inc. in a deal valuing the company at about $12.8...
The Pandemic Was Supposed to Push All Shopping Online. It Didn’t.
When millions of locked-down Americans went online during the Covid-19 pandemic, it looked like the possible start of a permanent...
Former Treasury Official Michael Barr Is Frontrunner for Top Fed Banking Regulator
WASHINGTON—Michael Barr, a former Treasury Department official, is the White House’s leading candidate to serve as the Federal Reserve’s top...
New York Fed: Public Expectations for March 2023 Inflation Hit 6.6% Record
Public expectations for the level of inflation a year from now hit a record in March, according to a survey...
Bank Deposits Could Drop for First Time Since World War II
U.S. banks have a streak of increasing deposits as a group every year since at least World War II. This...
Visa Expects to Make Up Lost Russia Revenue Within a Year
Visa Inc. has lost about 4% of the revenue booked during its most recent fiscal year by pulling out of...
Russia Cuts Interest Rate as Financial System Stabilizes
Russia’s central bank cut its key interest rate following an unscheduled meeting of policy makers Friday, a sign that efforts to...
Snoring Colleagues, Brushing Teeth With the Boss: Inside Shanghai’s Big Office Sleepover
HONG KONG—The Covid-19 pandemic forced many people to learn to work from home. In China’s financial center, it is now...
Fed’s Patrick Harker Expects Steady, Deliberate Path of Rate Rises
Federal Reserve Bank of Philadelphia President Patrick Harker said a series of rate increases is needed to tame inflation. “I...
Venture Powerhouse Sequoia Capital Names New Leader
Sequoia Capital named a new top leader, a rare transfer of power at one of Silicon Valley’s most storied venture-capital...
Masks Come Off, Mandates Loosen as Companies Relax Covid-19 Protocols
U.S. companies are relaxing many of the vaccine and other Covid-related requirements that had become a staple of corporate life...
U.S. Jobless Claims Edge Higher Amid Tight Labor Market
New applications for U.S. unemployment benefits rose slightly last week, indicating a strong labor market in which employers are holding...
Former World Bank Chief Didn’t Act on Warnings of Sexual Harassment
Former World Bank chief Kristalina Georgieva knew about a top official’s sexual misconduct but failed to take any action despite...
Student-Loan Freeze Saves Borrowers Nearly $200 Billion as Biden Considers Extension
Around 37 million federal student-loan borrowers were spared $195 billion in loan payments since the government froze their payments at...
Nielsen Rejects Roughly $9 Billion Takeover Offer From Private-Equity Consortium
Nielsen CEO David Kenny in 2019 Photo: Paul Miller/Bloomberg News March 20, 2022 9:33 pm ET Nielsen Holdings NLSN 2.17%...
The Month Companies United Against Russia’s War
About 10 minutes into Sunday church services, Visa Inc. Chief Executive Alfred Kelly looked down at his phone and saw...
Home Sales Fell in February Amid Tight Supply, Rising Mortgage Rates
Sales of previously owned homes declined in February as rising mortgage-interest rates and a shortage of homes for sale made...
