Economy Week Ahead: Inflation, Retail Sales, Consumer Sentiment
Economists expect the consumer-price index for March accelerated further. Source link
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Bank Deposits Could Drop for First Time Since World War II
U.S. banks have a streak of increasing deposits as a group every year since at least World War II. This...
Airlines Have Been Staffing Up, Hoping for a Smoother Summer
Facing a summer of packed flights, airlines are striving to avoid the blunders of a year earlier. Carriers say they...
Warren Buffett’s Protégé Is Building a Mini Berkshire
Tracy Britt Cool spent a decade working for Warren Buffett. She now wants to buy the kinds of companies that...
Nursing Homes Face Growing Number of Lawsuits From Covid-19 Fallout
Two years after the coronavirus ravaged through nursing homes, families of residents who died from Covid-19 are bringing a wave...
AT&T Boss Sees Room to Raise Prices, Cut Costs After Media Exit
AT&T Inc. Chief Executive Officer John Stankey says inflation could prompt the wireless and broadband company to raise prices for...
Spirit to Start Talks With JetBlue Over $3.6 Billion Deal
Spirit Airlines Inc. said it would entertain JetBlue Airways Corp.’s unsolicited $3.6 billion bid to buy the airline and start...
Visa Expects to Make Up Lost Russia Revenue Within a Year
Visa Inc. has lost about 4% of the revenue booked during its most recent fiscal year by pulling out of...
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...
Interest-Rate Surge Ripples Through Economy, From Homes to Car Loans
The Fed’s moves to chill inflation have driven up bond yields and many other borrowing costs linked to them. So...
Elon Musk Delivers First Teslas Made in Texas, Teases Future Products
AUSTIN, Texas—Tesla Inc. Chief Executive Elon Musk delivered the company’s first made-in-Texas vehicles on Thursday, saying the company was entering...
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...
Frontline and Euronav Merge to Create Tanker Giant in $4.2 Billion Stock Deal
Two of shipping’s biggest names, Norway-based Frontline Ltd. and Belgium’s Euronav NV, have agreed to merge in a move that...
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...
Snoring Colleagues, Brushing Teeth With the Boss: Inside Shanghai’s Big Office Sleepover
HONG KONG—The Covid-19 pandemic forced many people to learn to work from home. In China’s financial center, it is now...
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 Patrick Harker Expects Steady, Deliberate Path of Rate Rises
Federal Reserve Bank of Philadelphia President Patrick Harker said a series of rate increases is needed to tame inflation. “I...
Google Loses Upper Hand on App Payments in South Korea
SEOUL—Google can’t punish South Korean app developers for offering payment workarounds, a blow to the U.S. tech giant’s efforts to...
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...
