U.S. Retail Sales Rose 1% in June
June’s increase came after sales declined slightly in May, the Commerce Department said Friday.Consumers spent more last month across a...
Government Bodies
U.S. Inflation Hits New Four-Decade High of 9.1%
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
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
WASHINGTON—Senators pressed Jay Shambaugh, President Biden’s pick to serve as the Treasury Department’s top economic diplomat, about the administration’s efforts...
Global Tax Talks Hit Another Delay
The most significant changes to global tax rules in a century will take longer than planned, negotiators said Monday, as...
Justice Department Fails for Third Time to Convict Chicken Executives in Price-Fixing Trial
Federal prosecutors failed for a third time to convict five chicken-company officials of allegedly conspiring to fix prices, dealing a...
Janet Yellen and China’s Top Trade Negotiator Discuss Tariffs on Call
HONG KONG—Chinese Vice Premier Liu He and U.S. Treasury Secretary Janet Yellen spoke by videoconference about topics including American tariffs...
Jeff Bezos Criticizes Biden’s Call for Gas Stations to Cut Prices
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How Food Became Putin’s New Strategic Weapon
Russia has used its increased leverage over food exports from Ukraine to divide the international community and expand influence over...
CVS, Walmart and Rite Aid Limit Purchases of Plan B Pills After Surge in Demand
Some of the nation’s biggest retailers are rationing over-the-counter emergency contraceptive pills as demand spikes following the Supreme Court ruling...
U.S. Push for Exceptions in Europe’s Sanctions on Russian Oil Gains Traction
A U.S. push to pare back one of the European Union’s sanctions on Russian oil has tentatively started to gain...
Supreme Court Declines to Hear Bayer Appeal on Roundup
The Supreme Court on Tuesday declined to hear a bid by Bayer AG to end thousands of lawsuits alleging its...
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...
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...
WSJ News Exclusive | Lawmakers Make Bipartisan Push for New Government Powers to Block U.S. Investments in China
Congress is pressing ahead with legislation that could rewrite the rules for American companies investing abroad, proposing the screening of...
WSJ News Exclusive | Biden Administration to Pursue Rule Requiring Less Nicotine in U.S. Cigarettes
The Biden administration intends to pursue a policy requiring tobacco companies to reduce the nicotine in all cigarettes sold in...
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...
