U.S. Retail Spending Held Steady in July
U.S. consumers continued opening their wallets last month, shifting savings from falling gasoline prices to purchases of everyday goods as...
politics
Samsung Leader Jay Y. Lee Receives Presidential Pardon for Bribery Conviction
SEOUL— Samsung’s de facto leader, Lee Jae-yong, will receive a pardon on Monday, South Korea’s presidential office said, a legal...
Federal Trade Commission Expected to Launch Effort to Expand Online Privacy Protection
WASHINGTON—The Federal Trade Commission is expected to begin writing federal rules to expand online privacy protections as soon as Thursday,...
Russians have begun training on Iranian drones, US believes
"During the last several weeks, Russian officials conducted training in Iran as part of the agreement for UAV transfers from...
Rapid Wage Growth Keeps Pressure on U.S. Inflation
Workers’ wages are rising briskly, a factor contributing to four-decade high U.S. inflation.Average hourly earnings grew 5.2% in July from...
California DMV Accuses Tesla of False Advertising
The California Department of Motor Vehicles accused Tesla Inc. TSLA -6.63% of falsely advertising its vehicles as autonomous. The state...
White House summoned Chinese ambassador to condemn provocations after Pelosi’s Taiwan visit
"After China's actions overnight, we summoned PRC Ambassador Qin Gang to the White House to demarche him about the PRC's...
U.S. Added 528,000 Jobs in July
The U.S. economy has now recouped the 22 million jobs lost early in the pandemic, adding 528,000 positions in July...
Rivian Says Senate Climate Deal Puts It at Disadvantage
Electric-vehicle startup Rivian RIVN 0.57% Automotive Inc. is warning that planned revisions to the EV tax credit would put the...
Reliance’s $11 Billion Bid Wins Lion’s Share of 5G Spectrum in India Auction
NEW DELHI—Reliance Group emerged as the biggest buyer in the Indian government’s first auction of 5G spectrum, offering about $11...
White House warns China against escalations over Pelosi’s potential trip to Taiwan
"There is no reason for Beijing to turn a potential visit, consistent with long standing US policy, into some sort...
Trial Begins in Justice Department’s Bid to Block Book Publishing Merger
WASHINGTON—Trial proceedings kicked off in the Justice Department’s antitrust challenge to Penguin Random House’s planned acquisition of rival publisher Simon...
CNN Exclusive: Russian officials requested adding convicted murderer to Griner/Whelan prisoner swap
The Russians communicated the request to the US earlier this month through an informal backchannel used by the spy agency,...
Inflation Hits Fresh Four-Decade High, According to Fed’s Preferred Measure
Inflation accelerated in June, measured by the Federal Reserve’s preferred gauge, driven by a jump in energy prices as well...
Analysis: China’s shadow is looming over the US this week
And that was before the apparently tense phone call on Thursday lasting more than two hours, in which Chinese President...
Biden speaks with China’s Xi as tension grows over Taiwan
The two leaders did agree to begin arrangements for a face-to-face summit, their first as Xi resists travel amid the...
Analysis: US and China on a knife’s edge over Taiwan ahead of Xi-Biden phone call
The latest American showdown with China was sparked by leaked plans for a possible visit by House Speaker Nancy Pelosi...
Biden will speak with Chinese President Xi Jinping Thursday
The expected call comes as national security officials are quietly working to convince Pelosi of the risks her potential trip...
Treasury Moves to Ease Limits on Foreign Tax Credits After Companies Object
WASHINGTON—The U.S. Treasury Department is softening its limits on foreign tax credits, responding to corporations that have been warning about...
Student Loan Servicers Told to Hold Off on Sending Billing Statements
WASHINGTON—The federal government’s student loan servicing contractors have been instructed to hold off on sending billing statements ahead of an...
