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...
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WSJ News Exclusive | Inflation, Political Division Put U.S. in a Pessimistic Mood, Poll Finds
Americans are deeply pessimistic about the U.S. economy and view the nation as sharply divided over its most important values,...
Economy Week Ahead: Inflation in Focus
The U.S. consumer-price index for May is forecast to show inflation remained high. Photo: Spencer Platt/Getty Images U.S. and China...
‘Friend-Shoring’ Might Be Bad for Global Growth, Inflation
As geopolitical tensions rise, Western governments have urged international companies to shift more business to friendly countries. Some critics think...
Individual Income Tax Payments on Pace to Reach Record Level
WASHINGTON—An unprecedented gush of income tax revenue is flowing into the federal government, driven in part by investors and business...
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...
Bank of Canada’s Beaudry: Policy Rate Might Be Headed Toward 3% or Above
OTTAWA—The rapid acceleration in prices has increased the likelihood the Bank of Canada may need to double its policy interest...
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...
Looking for $100,000 Salary? See How Much the Biggest U.S. Companies Pay Workers
Tesla (TSLA)$40,723-12%0099,290Automobiles & ComponentsBerkshire Hathaway (BRK-B)$58,881-14%6.35.6371,653Banks and financialActivision Blizzard (ATVI)$117,20718%7.01,5609,800Media & EntertainmentCopart (CPRT)$35,6381%147278,600Commercial & Professional ServicesAlphabet (GOOGL)$295,8848%2127156,500Media & EntertainmentMarketAxess (MKTX)$162,1209%3542676Banks...
Biden to Meet With Fed’s Powell to Discuss Economy
WASHINGTON—President Biden will meet with Federal Reserve Chairman Jerome Powell on Tuesday to discuss the state of the U.S. and...
Fed Official Supports Raising Interest Rates at Fast Clip ‘for Several Meetings’
A Federal Reserve official said Monday he would support raising interest rates in half-percentage-point increments for several more meetings, adding...
China’s Slowdown Poses Credibility Test for Economic Data
SINGAPORE—A severe slowdown for China’s economy during a year of acute political sensitivity for Chinese leader Xi Jinping is testing...
Household Spending Rose in April
A closely watch U.S. inflation reading eased in April for the first time this year while consumers boosted spending by...
Fed Minutes Show Urgency for Raising Rates to Tame High Inflation
Minutes from the Fed’s May 3-4 meeting, released Wednesday, also showed officials discussed the possibility they would raise interest rates...
Rising Risk of Recession Creates New Headache for Biden
The Federal Reserve’s efforts to slow inflation are raising the possibility of higher unemployment, a slower-growing economy and a recession,...
Japan Inflation Tops 2% for First Time in 13 Years
TOKYO—Consumer prices in Japan rose at a pace above 2% for the first time in more than 13 years, a...
U.K. Inflation Hits 40-Year High, Putting Government on Defensive
LONDON—The U.K.’s annual rate of inflation jumped to a forty-year-high in April, the highest level recorded by an industrialized nation...
WSJ News Exclusive | Powell Says Fed Has Resolve to Bring U.S. Inflation Down
Federal Reserve Chairman Jerome Powell said the central bank’s resolve in combating the highest inflation in 40 years shouldn’t be...
Walmart Earnings Are Dented by Higher Costs
Walmart said inflation created more pressure than it had expected on margins. A Walmart store in Pico Rivera, Calif. Photo:...
Used-Car Buyers Are Seeing Relief on Once-Soaring Prices
Rising used-car prices, which have been a big contributor to inflation over the past year, are starting to ease with...
