FTC Challenges Nvidia’s $40 Billion Deal for Arm Holdings
WASHINGTON—The Federal Trade Commission on Thursday sued to block U.S. chip supplier Nvidia Corp.’s proposed landmark takeover of semiconductor-design specialist...
Government Bodies
CNN Suspends Chris Cuomo Indefinitely Over Role in Brother’s Response to Sexual-Misconduct Allegations
CNN suspended prime-time anchor Chris Cuomo indefinitely after records released this week by the New York attorney general’s office provided...
Workers Quit Jobs in Droves to Become Their Own Bosses
The pandemic has unleashed a historic burst in entrepreneurship and self-employment. Hundreds of thousands of Americans are striking out on...
Centrist Senate Democrats Signal Opposition to Biden Banking Nominee
WASHINGTON—A group of Senate Democrats have privately voiced their opposition to President Biden’s nomination of Saule Omarova to become a...
U.S. Jobless Claims Reach 52-Year Low
Weekly jobless claims fell sharply to the lowest level in 52 years, reflecting the labor market’s tightening as the economy...
Tax Plan Inflames Democratic Debate in Senate Over Biden’s $2 Trillion Spending Bill
WASHINGTON—House passage of Democrats’ $2 trillion education, healthcare and climate package has inflamed an intraparty debate about whether the bill...
At 1.9%, Nebraska Now Has the Lowest Unemployment Rate of Any State, Ever
Nebraska logged the lowest unemployment rate of any state on record in October, reflecting the acute labor shortages that have...
House Passes Roughly $2 Trillion Social Spending and Climate Bill
WASHINGTON—The House passed a roughly $2 trillion education, healthcare and climate package on Friday, as Democrats corralled their slim majority...
Electric-Vehicle Spat Looms Over Biden’s Meeting With Canadian, Mexican Leaders
President Biden’s summit with counterparts from Canada and Mexico at the White House brings him face-to-face with visitors who have...
U.S. Unemployment Claims Fall in Tight Job Market
Jobless claims hovered above pre-pandemic levels last week as employers avoid layoffs and many workers quit or remain sidelined in...
Federal Government Could Be Unable to Pay Bills as Soon as Dec. 15, Yellen Says
The U.S. government could run out of resources to meet the nation’s obligations as soon as Dec. 15, Treasury Secretary...
U.S. Shoppers Boosted Spending Last Month, Taking on Higher Prices
U.S. retail sales rose by 1.7% in October, a sign that consumers are willing to spend more headed into the...
Biden, Xi Open Talks on Friendly Note, With Tough Topics Ahead
WASHINGTON—President Biden and Chinese President Xi Jinping opened a virtual meeting Monday night with words designed to cool tensions between...
Federal Deficit Narrowed in October, Ahead of Debt-Ceiling Debate
The federal government ran a $165 billion deficit during October, a smaller gap when compared with a year earlier, as...
Jobless Claims Fell to New Pandemic Low of 267,000
Worker filings for unemployment insurance edged lower last week, continuing their long glide path toward pre-pandemic levels as the labor...
Fed’s Randal Quarles to Resign at End of Year
Federal Reserve governor Randal Quarles said Monday he would resign his position around the end of this year, giving President...
U.S. Job Growth Rebounded in October
The U.S. added 531,000 jobs in October and the unemployment rate fell to 4.6%, as the labor market rebounded from...
IRS Boosts 401(k) Contribution Annual Cap to $20,500
WASHINGTON—Workers will be able to set aside up to $20,500 in their 401(k) accounts in 2022, up $1,000 from this...
Google to Pursue Pentagon Cloud-Computing Contract
Google is pursuing a massive cloud-computing contract with the Department of Defense, nearly three years after abandoning a similar bid...
Fed Dials Back Bond Purchases, Plots End to Stimulus by June
The central bank approved plans to begin scaling back its bond-buying stimulus program this month and end it by June,...
