High Gasoline Prices Take Up Big Share of March Retail Spending Increase
U.S. retail sales grew modestly by 0.5% in March as consumers kept spending amid rising gasoline and food prices. Source...
politics
Stellantis Shareholders Reject Executive Pay Packages, Including for CEO
PARIS— Stellantis NV shareholders took the unusual step Wednesday of rejecting the Jeep maker’s pay plan for top executives, including...
Supplier Prices Rose Sharply in March, Keeping Upward Pressure on U.S. Inflation
Suppliers raised prices sharply last month, a sign inflation continues to percolate through the U.S. economy. The Labor Department on...
U.S. Inflation Accelerated to 8.5% in March, Hitting Four-Decade High
U.S. inflation surged to a new four-decade high of 8.5% in March from the same month a year ago, driven...
Former Treasury Official Michael Barr Is Frontrunner for Top Fed Banking Regulator
WASHINGTON—Michael Barr, a former Treasury Department official, is the White House’s leading candidate to serve as the Federal Reserve’s top...
Finland and Sweden could soon join NATO, prompted by Russian war in Ukraine
NATO officials told CNN that discussions about Sweden and Finland joining the bloc have gotten extremely serious since Russia's invasion,...
Russia Cuts Interest Rate as Financial System Stabilizes
Russia’s central bank cut its key interest rate following an unscheduled meeting of policy makers Friday, a sign that efforts to...
U.S. Takes First Enforcement Actions Against Alleged Violators of Russia Export Controls
WASHINGTON—The U.S. took its first actions Thursday to enforce sweeping restrictions on the export of technology and industrial goods to...
U.S. Jobless Claims Fall to 166,000, Lowest Level Since 1968
New applications for U.S. unemployment benefits fell last week to a near 54-year low as employers held on to workers...
Biden Extends Pause on Federal Student-Loan Payments Through August
WASHINGTON—President Biden on Wednesday extended through Aug. 31 the pause on payments of federal student loans, setting up a politically...
Fed’s Brainard Says Reducing Elevated Inflation ‘Is of Paramount Importance’
A top Federal Reserve official said the central bank is strongly committed to taking steps that will reduce inflation this...
U.S. Trade Deficit Narrowed Slightly in February
The U.S. trade deficit narrowed slightly in February, shrinking 0.1% for the month but remaining close to a record. Both...
Europe Faces Pressure to Dial Up Sanctions on Russia Over Ukraine Deaths
BERLIN—French President Emmanuel Macron’s call Monday for sanctions banning imports of Russian oil and coal into the European Union following...
Guantanamo Bay detainee repatriated to native country of Algeria
Barhoumi was cleared for transfer in August 2016, but had continued to be held in Guantanamo while he waited for...
How Microsoft Became Washington’s Favorite Tech Giant
When a congressional committee was preparing to publicly interrogate the CEOs of four tech giants in 2020, Microsoft Corp. President...
U.S. March Jobs Report Shows Strong Hiring Momentum
The U.S. labor market strengthened last month as the pandemic’s grip receded and more workers jumped back into the labor...
New proof of life video surfaces showing American kidnapped in Afghanistan 2 years ago
Mark Frerichs, a veteran and contractor who was kidnapped in Kabul in late January 2020, is believed to be held...
Hostage survivor testifies in trial of ISIS member accused in deaths of several Americans
During the second day of trial, Italian aid worker Federico Motka told the jury how he was captured, imprisoned and...
Biden to Draw Down Oil Reserves in Bid to Ease Gas Prices
WASHINGTON—President Biden will tap up to 180 million barrels of government oil reserves to help tamp down near-record high fuel...
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...
