Economic News

Major U.S. stock indexes slipped after major central banks around the world took steps to tighten monetary policy, reversing some of their gains from the prior session.The S&P 500 lost around 1.1%. The Dow Jones Industrial Average…

Text size Wall Street trading will return in force Tuesday.…

Text size Traders on the floor of the New York Stock Exchange.…

Economist Lawrence H. Summers never joined Team Transitory, or the economists, investment strategists, and members of the Federal Reserve who thought inflation would be a temporary phenomenon. Instead, he warned early and often that…

A monthslong selloff in the stock market has accelerated lately, with the pain spreading beyond technology shares and speculative corners of the market. Recently, even consumer-staples companies, which had been relatively shielded from…

U.S. stocks turned higher Tuesday morning, with tech-related shares extending a bounce from the previous session, as investors appeared to take testimony by Federal Reserve Chairman Jerome Powell in stride as they…

Think the Fed’s job is hard? At least the U.S. Federal Reserve can concentrate on fighting inflation. In Japan and Europe, the central banks are battling the markets, not merely price rises. That’s leading to some very strange, even…

The stock market was slipping Friday, after the June employment report revealed that the U.S. economy added more jobs than expected, spurring bets of a more hawkish Federal Reserve. The U.S. added 372,000 jobs for the month of June,…

BEIJING--China's property sector weakened on all fronts in November, as property investment, home sales and new construction starts fell due to Beijing's clampdown. Real-estate investment dropped 4.3% in November, compared…

A strong economic recovery and persistent labor shortage pushed jobless claims to their lowest level in more than half a century last week, just 18 months after the pandemic prompted six million workers to file for unemployment in one…