Economy

Democrats Negotiate Tax, Healthcare Provisions as Biden Seeks Deal This Week

Party calls for legislative framework ahead of Glasgow climate summit and secures support for separate infrastructure package White House spokeswoman Karine Jean-Pierre...

Taxing Billionaires to Pay for Biden’s Agenda: What to Know About the Democrats’ Plan

Democrats are rushing to write off a new tax on billionaires' unrealized capital gains Broadly speaking, many Democrats say the current tax system...

Fed Prepares to Taper Stimulus Amid More Doubts on Inflation

Broader price pressures may test chairman Jerome Powell's 'transient' hypothesis In recent weeks, officials have said they still think inflation is most likely...

High Inflation Creates Tax Winners and Losers. What Are You?

While take-home pay may climb for many in January, some taxpayers will feel the pinch of tax provisions that don't change as prices...

Fed Imposes New Restrictions on Officials’ Investment Activities

Rules barring trading of individual stocks and bonds, when executives can buy diversified securities, follow last year's disclosure of active trading as the...

U.S. Home Sales Jumped 7% in September

Mortgage rates declined in late summer after current home sales increased last month Demand from home buyers has outstripped supply for more than...

Tight Labor Market Keeps Jobless Claims Near Pandemic Lows

Employers reluctant to lay off employees with job openings leaving near record highs Robert Frick, corporate economist at the Navy Federal Credit...

U.S. Growth Slowed in Recent Months, Fed Beige Book Says

Companies were burdened with 'very high prices' due to high costs for raw materials and shipping Report, Known as the Beige Book,...

Fed Official Signals Risks from Higher-Than-Expected Inflation

Fed Governor Randall Quarles says he is watching for signs that higher demand will keep prices rising even after barriers ease. Fed Governor...

Supply-Chain Crisis Fuels Latest Retreat From Globalization

Covid-19, climate and geopolitics shatter integrated global production, threatening to end an era of low costs and endless diversity Three big forces are...

Bundesbank President Jens Weidmann to Step Down

Critics of ECB's easy-money policies leaving for personal reasons, Bundesbank says "I have come to the conclusion that for the Bundesbank, but also...

Auto-Supply Constraints Weighed on September’s Industrial Production

Disruptions from Hurricane Ida also contributed to last month's 1.3% decline The September fall in industrial output is the sharpest since February,...

Foreign Investment Rebounds but Strained Factories Miss Out

Foreign investment by businesses around the world was up 78% in the first half of the year, but the poorest countries registered a...

China Third-Quarter Economic Growth Slows Sharply to 4.9%

Power shortages and supply-chain problems add to the impact of Beijing's efforts to rein in the real estate and technology sectors The slower-than-expected...

Supply-Chain Bottlenecks, Elevated Inflation to Last Well Into Next Year, Survey Finds

Businesshala survey finds economists see supply crunch, labor shortage as bigger risks to economy than Covid-19 Economists see inflation in December at...

Maybe Productivity Will Save Investors From Inflation

Companies are re-spending on capital goods, but will it work? The basic case is that companies are reinvesting, and that higher capital expenditure...

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