Economy Week Ahead: Housing Blues
A measure of home sales is the highlight of this week’s economic news. TUESDAY The once red-hot U.S. housing market has slowed drastically as rising mortgage rates kept many home…
Small Businesses Fall Behind on Hiring as Inflation Takes a Toll
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to…
Labor Shortage Stymies Construction Work as $1 Trillion Infrastructure Spending Kicks In
WASHINGTON—Construction projects across the U.S. are running short on labor just as $1 trillion in federal infrastructure money starts to kick in, leading companies to get creative in their quest…
Chinese Lithium Giant Tests Investor Demand for Hong Kong IPO
HONG KONG—One of China’s top lithium producers began marketing what is expected to be Hong Kong’s largest initial public offering so far this year, braving recent market volatility to test…
Fed’s Bullard Says He Expects Economic Expansion to Continue This Year
Federal Reserve Bank of St. Louis President James Bullard said the economy appears on track for more expansion this year, and that the central bank must meet market expectations for…
GM and Ford, Driving to Beat Tesla, Turn on Each Other
The Ford-GM rivalry—one of the business world’s fiercest for a century—is taking on an urgent new dimension as the companies enter the electric age. Source link
Biden Says He Is Near Decision on Backing Federal Gasoline-Tax Holiday
WASHINGTON—President Biden said Monday that he may make a decision on seeking a pause to the federal gasoline tax by the end of the week, as Americans deal with soaring…
Covid Fallout Flattens JD.com’s Online Birthday Bash
SINGAPORE—Chinese online shopping giant JD.com midyear e-commerce extravaganza recorded the slowest sales growth in at least five years, in the latest gauge of the hit to consumer appetite from stringent…
Disney’s Dana Walden Takes the Reins of Entertainment Unit, Looks to Push Past Corporate Chaos
Writer and producer Danny Strong was unaccustomed to high-ranking television executives calling him at odd hours for in-depth discussions about a project. That changed when he began making shows for…
Western Lakes Shrink From Drought, and Boat Businesses Struggle
BOULDER CITY, Nev.—At the lone remaining boat launch ramp here on Lake Mead, the largest reservoir in the Western U.S., officials recently put up a new sign: “Estimated Wait Time…
