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Big-Company Bankruptcies Hang Over Economy
Businesses that loaded up on debt when interest rates were lower now face a growing risk of failure. Source link
The Stunning Boom and Bust of a Tax-Refund King
One of the biggest processors of a pandemic tax break has slashed staff and stopped marketing after an IRS crackdown. Source link
UAW Expected to Expand Auto Strikes Friday
Union President Shawn Fain is scheduled to disclose new site targets for a third round of strikes. Source link
Rising Rates Make Big Companies Even Richer
The Fed raised interest rates to slow the economy—but at some big companies, the moves had the opposite effect, boosting profits and spending power. Source
China's Electric-Vehicle Makers Face EU Antisubsidy Probe
The antisubsidy investigation opens a new front in the battle for leadership of the global clean-technology industry. Source link
Inside a Sales Army Turning a Tax Break Into a Modern-Day Gold Rush
Listen to article (2 minutes) An antiaging consultant in Florida. A technician in North Carolina. A semiretired broker. They’re all part of a vast sales
Why Central Bankers Are Unsure Whether They've Raised Rates Enough
At Jackson Hole, they expressed an uneasy optimism about whether rates have reached a summit in the battle against inflation. Source link
Consumers Are Spending Like It's 2019
Shoppers have shifted their spending habits in a postpandemic world, leaving retailers in the lurch. Source link
Ukraine's Farmers Count the Cost of Grain Deal's Collapse
Russia’s exit from the Black Sea export agreement and its attacks on Ukrainian ports have led to lower income and higher costs in Ukraine’s agriculture
How Hard Should the Fed Squeeze to Reach 2% Inflation?
The strategy the central bank adopts to fight the last mile of inflation has big, potentially painful implications for consumers, the markets and the economy.