Inflation Weighed on Consumer Spending Growth in February
Consumer spending growth, a key engine of the economy, slowed sharply in February, as the Omicron surge of Covid-19 eased...
Government Bodies
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...
Biden’s Budget Calls for Increase in Defense Spending, Including Funds for Ukraine
WASHINGTON—President Biden on Monday released a $5.8 trillion budget that envisions a substantial increase in U.S. defense spending, a sign...
IRS Delays, Sudden End to Tax Break Leave Employers Frustrated With Covid Credits
IRS processing delays and federal policy changes are creating headaches for businesses and nonprofits using a popular wage subsidy that...
U.S. Jobless Claims Fall in Tight Labor Market
New applications for unemployment benefits in the U.S. fell last week to historic lows as employers held on to their...
A Black Box From China Eastern Airlines Plane Crash Is Found
HONG KONG—Rescuers have recovered one of the black boxes from the Boeing 737 that crashed into a mountainous rural area...
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...
Amazon Wins Dismissal of D.C. Antitrust Lawsuit Over Pricing
WASHINGTON—Amazon.com Inc. won dismissal on Friday of an antitrust lawsuit brought against it by the District of Columbia, which had...
Amazon Closes Deal to Acquire MGM
The move comes after Amazon certified to the FTC that it had provided all the information requested by antitrust investigators...
Fed Raises Interest Rates for First Time Since 2018
The Federal Reserve said it would lift interest rates and penciled in a series of further increases this year aimed...
U.S. Retail Sales Grew 0.3% in February
Americans kept up retail spending in February but at a slower pace than the prior month, as they faced high...
Producer Price Increases Leveled Off in February
Suppliers’ price increases plateaued in the first two months of the year as pandemic-related disruptions and strong consumer demand continue...
Sen. Joe Manchin Signals Opposition to Sarah Bloom Raskin for Fed Post
WASHINGTON—A key Democrat came out against Sarah Bloom Raskin’s nomination to become the Federal Reserve’s top banking regulator, likely dashing...
House Passes $1.5 Trillion Omnibus Package That Includes Aid for Ukraine
WASHINGTON—The House passed a $1.5 trillion spending bill that includes emergency aid for Ukraine, after Democratic leaders stripped out a...
Negotiators Try to Complete Omnibus Spending Bill With Ukraine, Covid-19 Aid
WASHINGTON—House Democratic leaders said they plan to hold a vote Wednesday on a bill to fund the federal government for...
Biden Bans Imports of Russian Oil, Natural Gas
The U.S. is banning imports of Russian oil, President Biden said, targeting the lifeblood of Moscow’s economy as the West...
White House to Order Broad Review of Cryptocurrencies
WASHINGTON—The White House is set to release an executive order this week tasking several federal agencies with conducting a broad...
Covid-19 Booster Shots Are Slowing as Omicron Surge Fades
Fewer people are getting vaccine booster shots in the U.S. as the Omicron Covid-19 surge fades and more Americans return...
Biden Aims Sanctions at Russian Military, State-Owned Enterprises
WASHINGTON—President Biden promised to make Russian President Vladimir Putin an international pariah as he announced a wave of new sanctions...
Chicken Industry Officials Prepare for Retrial in Price-Fixing Case
Executives who worked for some of the biggest U.S. chicken producers are set to stand trial for a second time...
