Container Imports Tumble at Los Angeles, Long Beach Ports
Container imports at the largest U.S. gateway for seaborne goods trade fell sharply in November, even as backups of ships...
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Canada Renews Central Bank’s Inflation-Targeting Mandate
OTTAWA—The Canadian government and Bank of Canada agreed Monday to renew the central bank’s mandate to target 2% annual inflation,...
Powell Warns Elevated Inflation Justifies Faster Reduction of Bond Purchases
Federal Reserve Chairman Jerome Powell said the central bank would consider accelerating the reduction of its asset purchases at its...
Inside Intel’s Secret Warehouse in Costa Rica
A few years ago, executives at Intel Corp. began to realize they had a problem. The company was making dozens...
Biden Nears Endgame on Fed Chair Decision
President Biden faces one of the most important economic policy decisions of his presidency, which is expected this week, when...
Electric-Vehicle Spat Looms Over Biden’s Meeting With Canadian, Mexican Leaders
President Biden’s summit with counterparts from Canada and Mexico at the White House brings him face-to-face with visitors who have...
Pfizer Says Covid-19 Pill Is 89% Effective in Preliminary Assessment
Pfizer Inc. said a preliminary look at study results found that its experimental pill was highly effective at preventing people...
Fed Dials Back Bond Purchases, Plots End to Stimulus by June
The central bank approved plans to begin scaling back its bond-buying stimulus program this month and end it by June,...
Central Banks Fuel New Bets on Tighter Money as Inflation Rises Globally
Stubbornly high inflation across more wealthy economies last week prompted a shakeout in bond markets as investors began expecting central...
Former Ghosn Aide’s Trial Ends With Declaration of Innocence
TOKYO—Former Nissan Motor Co. executive Greg Kelly took the stand and declared his innocence Wednesday for the last time before...
Fed’s Quarles Says More Fiscal Stimulus Could Let Transitory Inflation Continue Too Long
A top Federal Reserve official said he expected elevated inflation pressures to decline without requiring a more aggressive response by...
China’s Third-Quarter Economic Growth Slows Sharply to 4.9%
BEIJING—China’s economy grew 4.9% in the third quarter from a year earlier, slowing sharply from the previous quarter’s 7.9% growth...
California Scrambles to Find Electricity to Offset Plant Closures
California is racing to secure large amounts of power in the next few years to make up for the impending...
TSMC to Build Chip Factory in Japan as It Faces Surging Demand
The Japan factory is the most recent expansion plan for TSMC, the world’s largest contract chip maker, as it faces...
Powell Says Fed Could Start Scaling Back Stimulus This Year
Federal Reserve Chairman Jerome Powell reaffirmed the central bank’s emerging plan to begin reversing its easy-money policies later this year...
Range of Fed Officials Say Time for Bond-Buying Taper Is Near
Several Federal Reserve officials said Friday the time is likely to arrive soon when the U.S. central bank will be...
Apple Set to Let App Developers Alert Users to Alternate Payment Methods
Apple Inc. on Thursday announced changes to its App Store regulations that will allow software developers to tell customers how...
World’s Largest Chip Maker to Raise Prices, Threatening Costlier Electronics
The world’s largest contract chip maker is raising prices by as much as 20%, according to people familiar with the...
Microsoft Hires Former Top Amazon Cloud Executive, Adding to Rivalry
Microsoft Corp. hired a top Amazon.com Inc. cloud veteran and ally of Chief Executive Andy Jassy, according to a company...
Juul, Other E-Cigarette Makers Face Judgment Day
A shakeout of e-cigarettes is at hand. The Food and Drug Administration is nearing a deadline to decide which e-cigarettes...
