Americans' wages are finally outpacing inflation. But could it last?
US wages have been on the rise, but it sure hasn't felt like it. For more than two years, persistent and pervasive inflation has taken big bites out of Americans' paychecks.
2023-07-16 22:48
Window Opens for Frozen High-Yield Emerging-Market Dollar Deals
The waiting game for some of the riskier emerging-market borrowers is coming to an end. With higher interest
2023-07-16 20:53
Putin Asserts ‘Right’ to Use Cluster Bombs While Denying He Has
President Vladimir Putin said Russia would use cluster bombs if they’re used against his troops, while denying -
2023-07-16 18:49
Yellen Eyes China De-Escalation But Lifting Tariffs ‘Premature’
Treasury Secretary Janet Yellen said she believes the US should look for ways to further “de-escalate” tensions with
2023-07-16 14:15
Harlan Crow, Other Billionaires Donate to DeSantis Campaign
Florida Governor Ron DeSantis’s campaign can count billionaire real estate developer Harlan Crow among a list of wealthy
2023-07-16 07:17
John Kerry in Beijing: Can US and China set aside rivalry for climate action?
The two biggest economies and polluters need to work together to avert the crisis, experts say.
2023-07-16 06:17
China’s Murky Debt Corner Faces Funding Squeeze
The $9 trillion of Chinese local government bonds that helped drag the rest of the world out of
2023-07-16 04:27
Tesla builds its first Cybertruck four years after unveiling prototype
Tesla finally built its first Cybertruck, the company tweeted Saturday, two years behind schedule.
2023-07-16 01:21
Peru’s Economy Contracts in May, Dashing Recovery Hopes
Peru’s economy contracted significantly in May after two months of slow growth, dashing hopes that a slow recovery
2023-07-16 00:53
From inflation to mortgages: What last week's data says about the economy
Last week would have been an ideal week to go on vacation if you're an economist or, ahem, an economics reporter. That's because a boatload of new data was released.
2023-07-15 22:52
Pfizer’s $43 Billion Seagen Takeover Faces EU Investigation
Pfizer Inc.’s proposed $43 billion takeover of Seagen Inc. will face an investigation from the European Union’s merger
2023-07-15 15:59
Sunak Officials Play Down Talk of Cooling Prices Before Key Week
After watching British prices surge faster than expected for four straight months, Prime Minister Rishi Sunak’s team isn’t
2023-07-15 13:15