The $65 Million Perk for CEOs: Personal Use of the Corporate Jet Has Soared
One of the flashiest executive perks has roared back since the onset of the pandemic: free personal travel on the...
Outbreaks/Epidemics
U.S. and China Poised to Drift Further Apart After Investment Ban
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Why Trucking Giant Yellow’s Shutdown Could Cost Taxpayers Money
Whether the federal government recovers the money it lent Yellow at the height of the pandemic would likely depend on...
China’s Economy Barely Grows as Recovery Fades
China’s economy barely grew in the second quarter from the first and youth unemployment hit a record high in June,...
Well-Funded Chains Muscle Into the Once-Niche World of Climbing Gyms
Smaller businesses are struggling to recover from the Covid-19 pandemic, while large rivals are expanding to new markets. Source link
China’s Trade Slowdown Points to Global Woes
Chinese exports fell at a steeper-than-expected pace in May, fueling concerns that global trade activity is cooling rapidly. Source link
Why the U.S. Remains Far From Recession
The pandemic’s aftereffects are fueling economic resilience despite rising interest rates. Source link
U.S. Trade With World Rose in March on Energy, Auto Shipments
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Medicaid Eligibility Changes Set to Hit Hospitals, Insurers, States
PoliticsHealth PolicyMillions could lose coverage as their eligibility is reviewed, with financial effects rippling through the healthcare industry Source link
Moderna’s Earnings, Revenue Fall on Fewer Covid Vaccine Sales
Demand for its Covid-19 vaccine sank from year-earlier highs when the spread of the Omicron variant boosted sales. Source link
Estée Lauder Sales Hit Again by China’s Covid Lockdowns
The cosmetics company reported a 17% decline in quarterly sales as retailers tightening their inventories also weighed on its business....
OPEC+ Ministers Stick to Cutting Plan Amid Oil-Demand Uncertainty
A panel of energy ministers said the group of petrostates would continue cutting oil production, amid uncertainties about demand in...
China’s Economic Growth Fell to Near-Historic Lows as Covid Took a Bite
SINGAPORE—China’s economy grew at one of its slowest rates in decades last year as repeated lockdowns hammered households and businesses,...
Egg Prices Have Soared 60% in a Year. Here Is Why They Are So Expensive.
The avian flu outbreak keeps the egg supply tight as inflation rises. Source link
U.S. Healthcare-Spending Growth Slowed in 2021, Federal Report Finds
Federal spending on Covid-19 dropped, while there was an uptick in spending on insurance coverage and healthcare services. Source link
Pandemic Loans Are Coming Due but Some Businesses Aren’t Ready to Repay
Borrowers grapple with a slower-than-expected rebound and new economic challenges. Source link
Apple Makes Plans to Move Production Out of China
In recent weeks, Apple Inc. has accelerated plans to shift some of its production outside China, long the dominant country...
iPhone Factory Workers Clash With Police at Covid-Hit Plant in China
Employees said protests started in a dormitory area near the factory after employees learned expected bonuses would be delayed. Protests...
China Dials Back Property Restrictions in Bid to Reverse Economic Slide
WorldAsiaChinaPartial easing of housing-sector rules comes as Beijing also seeks to lessen economic toll of strict Covid controls Source link
China’s Xi Jinping, Secure in Power, Faces Deepening Economic Challenges
Easing Covid rules and aiding the property sector could boost growth, but some economists worry the priority will be giving...
