British Pound, Bonds Roiled as Tax-Cut Plans Spook Investors
LONDON—The U.K.’s beleaguered pound hit its lowest-ever level against the U.S. dollar before recovering slightly Monday, as investors worried about...
politics
Economy Week Ahead: Housing Market and Consumer Spending in Focus
Tuesday The Commerce Department releases August figures on new orders, shipments, unfilled orders and inventories of products meant to last...
The U.S. Is Running Short of Land for Housing
In the Sunbelt, the hottest commodity isn’t oil, copper or gold. It is land. And rancher Robert Thomas has plenty...
World Bank’s David Malpass Says He Isn’t Resigning Amid Criticism of His Climate Views
WASHINGTON—World Bank President David Malpass said Friday he wasn’t resigning from his position amid calls from climate advocates for him...
Iran Protests Challenge Government as Elon Musk Offers Starlink Access
TEHRAN—Iranian protesters clashed with police on Tuesday in a fourth straight day of protests over the death of a young...
Judge Rejects Antitrust Challenge to UnitedHealth Acquisition
WASHINGTON—A federal judge Monday ruled against a Justice Department antitrust challenge to UnitedHealth Group Inc.’s $13 billion acquisition of health-technology...
WSJ News Exclusive | DEA Investigating ADHD Telehealth Provider Done
U.S. Drug Enforcement Administration agents have questioned people about telehealth company Done Global Inc.’s practices for prescribing controlled substances, according...
Possible Rail Stoppage Could Fuel More Inflation
As talks around new labor contracts for railway workers reach a crucial juncture, concerns are mounting over the potential upward...
Twitter Investors Back Musk’s Takeover Bid After Whistleblower Testifies in Congress
WASHINGTON— Twitter Inc. TWTR 1.61% investors backed Elon Musk’s $44 billion takeover that the billionaire is trying to abandon on...
Caterpillar Settles Tax Dispute With IRS, Will Pay No Penalties
Caterpillar Inc. said the settlement included the resolution of the disputed tax treatment of profits earned by a subsidiary from...
U.S. Trade Deficit Shrank in July
The U.S. reported a sharp narrowing in the July trade deficit due to weaker demand for imports, a positive sign...
Russia to Keep Nord Stream Pipeline Shut, Citing Mechanical Problems
Russia indefinitely suspended natural gas flows to Europe via a key pipeline hours after the Group of Seven agreed to...
The U.K., a Maritime Insurance Hub, Commits to Cap Price of Russian Oil
WASHINGTON—The British Treasury chief said the U.K. was committed to a U.S.-led effort to put a cap on the price...
Economy Week Ahead: Job Market and Home Prices in Focus
The Labor Department will release July employment data this week. Job seekers attend a summertime job fair in Jackson, Miss....
U.S. GDP Fell Less Than Previously Thought in Second Quarter
The second-quarter decline in U.S. economic output was less severe than initially estimated and unemployment claims fell slightly last week,...
Biden to Announce Student Loan Forgiveness Plan
President Biden is planning to take executive action to forgive $10,000 or more in federal student loan debt for tens...
Twitter Comes Under Washington Spotlight With Whistleblower Complaint
WASHINGTON—A whistleblower’s complaint opens up new political and legal challenges for Twitter Inc. TWTR -7.32% in Washington, as lawmakers and...
White House Planning Student-Loan Announcement Wednesday
White House officials are planning for President Biden to make an announcement on Wednesday about his proposal for dealing with...
U.S. Steps Up Enforcement of Its Long List of Russia Sanctions
WASHINGTON—The U.S. has imposed a set of powerful sanctions against Russia’s economy to punish it for the invasion of Ukraine....
Fed Officials See Need for Continued Interest-Rate Increases, but Less Certainty Over Destination
Federal Reserve officials agreed at their monetary-policy meeting last month they needed to keep raising interest rates enough to lower...
