Economic News

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

1 year ago

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.…

1 year ago

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

1 year ago

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…

1 year ago

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

1 year ago

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…

1 year ago

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.…

1 year ago

Consumers Are Spending Like It's 2019

Shoppers have shifted their spending habits in a postpandemic world, leaving retailers in the lurch. Source link

1 year ago

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…

1 year ago

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,…

1 year ago