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Economic News
Saudi-Led Oil Producers to Lower Output Further
The new cuts are expected to total more than a million barrels a day, a surprise move that led to a jump in crude prices.
Micron Gets Caught in U.S.-China Crossfire
Markets Heard on the Street Beijing has long hesitated to strike back at U.S. chip companies—but Micron is a soft target Source link
World Bank Warns of Lost Decade for Global Economy
Economy The Outlook Lender sees demographics, war and pandemic aftereffects holding back growth Source link
Sunbelt Cities Nashville and Austin Are Nation’s Hottest Job Markets
To find the best job markets in America, head to the South. Nashville, Tenn., topped the list of 2022’s hottest job markets, followed by Austin,
IRS Refunds Are Smaller as Tax Day Approaches
With about two weeks to go until Tax Day, more than 80 million Americans, or about half of total taxpayers, have filed their 2022 returns
Investors Seek Safety in Tech Stocks, Money-Market Funds
The first quarter in markets was one for the record books. At the start of the year, investors unexpectedly scrambled back into the speculative stocks
Bank Stress, Softer Inflation Makes Fed's Life Easier
The Federal Reserve just got another excuse to tread softly on rate increases. Source link
Social Security Reserves Projected to Run Out Earlier Than Expected
Social Security won’t have enough money to pay all beneficiaries the amount they are entitled to starting in 2034, a report said. Source link
Bank of Mexico Slows Pace of Interest-Rate Increases
MEXICO CITY—The Bank of Mexico raised interest rates for a 15th consecutive time Thursday, while slowing the pace of monetary tightening as inflation shows signs
Futures Waver on Last Session of Turbulent Quarter
Stocks look set for a quiet end to a stormy quarter, in which markets have been whipsawed by shifting outlooks for inflation and interest rates and