U.S. Home Prices Hit New Record of $416,000 in June as Sales Continued to Slide
The median existing home price hit another record in June, rising to $416,000, and sales declined for the fifth straight...
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U.S. Retail Sales Rose 1% in June
June’s increase came after sales declined slightly in May, the Commerce Department said Friday.Consumers spent more last month across a...
Union Organizing Efforts Rise in First Half of Year
The number of U.S. workplaces where employees have started trying to organize unions jumped this year to the highest level...
Red States Are Winning the Post-Pandemic Economy
The pandemic has changed the geography of the American economy. By many measures, red states—those that lean Republican—have recovered faster...
If the U.S. Is in a Recession, It’s a Very Strange One
Economic output is down—but the job market is strong, unlike in previous recessions. It’s the latest twist in the odd...
Economy Week Ahead: Focus on Hiring, Fed Minutes and Trade
TuesdayNew orders for manufactured goods have continuously increased since last September amid persistent supply-chain disruptions and a robust demand for...
Fertility Doctors Move Embryos, Expecting Abortion Law Changes
Fertility companies and patients have been moving embryos and making contingency plans, anticipating that if Roe v. Wade were overturned,...
Fed Raises Rates by 0.75 Percentage Point, Largest Increase Since 1994
The Federal Reserve approved the largest interest-rate increase since 1994 and signaled it would continue lifting rates this year at...
U.S. Launches Initiatives to Boost Economic Ties With Taiwan
WASHINGTON—Amid growing tensions with China, the Biden administration is forging closer economic ties with Taiwan in areas including trade, supply...
Treasury Releases Pandemic Funding for Small Businesses as They Face New Risks
A federal pandemic aid program aimed at boosting small businesses’ access to capital is getting off the ground more than...
Rising Risk of Recession Creates New Headache for Biden
The Federal Reserve’s efforts to slow inflation are raising the possibility of higher unemployment, a slower-growing economy and a recession,...
Jeff Bezos Criticizes Joe Biden in Twitter Spat Over Inflation
Amazon.com Inc. founder Jeff Bezos criticized the Biden administration in two tweets over the weekend for tying the corporate tax...
Economy Week Ahead: U.S. Consumers, Housing Market in Focus
U.S. existing-home sales data for April are expected to show a third straight month of declines. Photo: jim lo scalzo/EPA/Shutterstock...
Fed Lifts Interest Rates by Half-Point in Biggest Hike Since 2000
The Federal Reserve approved a rare half-percentage-point interest rate increase—the largest since 2000—and a plan to shrink its $9 trillion...
Ukraine War Puts Spy Satellites for Hire in the Spotlight
AURORA, Colo.—Ukrainian forces hunting Russian tanks and tracking troop movement are being aided by imagery from a growing number of...
