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Rossann Williams, president of retail for North America, will depart after 17 years at the company, which said she declined a new position with Starbucks.
Members of the global trade group were forced to scale back plans for more ambitious agreements, but they were ultimately able to reach several deals at a meeting in Geneva.
Inflation is expected to remain high later this year even as the economy slows and layoffs rise. Already, signs of financial stress are surfacing.
Rates on 30-year fixed mortgages track the yield on 10-year Treasury bonds, which are influenced by inflation and the Fed’s actions, among other things.
Consumers can expect to pay more for some of life’s most common kinds of borrowing.
Central bankers raised interest rates by three-quarters of a percentage point, and signaled that they expect rates to be sharply higher by the end of the year.
Jesse Powell, who leads the crypto exchange Kraken, has challenged the use of preferred pronouns, debated who can use racial slurs and called American women “brainwashed.”
While lifting some levies on China is unlikely to put a large dent in inflation, administration officials concede they have few other options to address surging prices.
The central bank has hoped to cool down the economy without pushing unemployment much higher. Stubborn inflation narrows that path.
The accord could ease the path for thousands of workers to unionize at the game company, which Microsoft is acquiring, and addresses an antitrust objection.
The disconnect is a result of India’s uneven growth, powered and enjoyed by the country’s upper strata.
Inflation is a tricky problem, but it has a few clear causes and consequences, and policymakers are working to bring it to heel.
Inflation is a tricky problem, but it has a few clear causes and consequences, and policymakers are working to bring it to heel.
The Consumer Price Index picked up by 8.6 percent, as price increases climbed at the fastest pace in more than 40 years.
Housing costs make up a big part of the overall inflation index, so they are keeping pressure on prices overall.
Inflation is upending voter confidence and posing a glaring political liability that looms over the Biden administration’s major policy decisions.
The workers, at a store in western Massachusetts, cited health and safety concerns and cuts to benefits at the grocery chain.
The Treasury secretary’s recent comments about rising prices have put the Biden administration on the defensive.
Critics said the move would shortcut an investigation by the Commerce Department, which has been considering whether to impose the tariffs as part of a trade case against Chinese companies.
The strong job market may be about to take a turn for the worse. That could come to haunt those who made choices based on today’s conditions.
Suburban homeowners like Susan Kirsch are often blamed for worsening the nation’s housing crisis. That doesn’t mean she’s giving up her two-decade fight against 20 condos.
The Labor Department reported 390,000 new jobs in May, as policymakers try to ease inflation without inducing a recession.
Economists and politicians are debating whether monopolistic companies are fueling inflation in ways that confound longstanding theory.
The automaker said the move would further its electric-vehicle goals. It may also defuse tensions with the U.A.W. ahead of contract talks next year.
Lael Brainard, the vice chair of the Federal Reserve, said another big rate increase in September might be appropriate if inflation did not moderate.
Global restrictions on sending advanced technology to Russia are hampering the country’s military capacity, U.S. officials say, though Russia has stockpiled American equipment for years.
As the Federal Reserve tries to rein in inflation without causing a recession, slower job creation and wage growth could be a plus.
Employers had 11.4 million vacancies, nearly two for every worker seeking a job.
Talks with the self-governing island, which China claims as its territory, aim to challenge Chinese trade practices and are sure to irritate Beijing.
Some European officials want to use more than $300 billion in Russian central bank assets to rebuild Ukraine. But Biden administration officials warn that diverting those funds could be illegal.
As workers return to the office, some companies have relocated to ease the commute.
Farmers are turning to workers on seasonal visas and mechanizing what they can. Many labor-intensive crops are shifting south of the border.
To keep up with rising prices, Americans are saving less, but economists expect expenditures to slow in the months ahead.
The interim government’s move was seen as a bid to revive a $6 billion bailout from the International Monetary Fund.
As president of the Federal Reserve Bank of New York, he favored flooding the financial system with cash to restore confidence among investors.
Minutes of the Federal Reserve’s May meeting underscored the deep concern within the central bank about rapidly rising prices that have far exceeded the Fed’s target.
The Biden administration’s escalation of sanctions could lead to Russia’s first default on foreign debt in a century.
Sixteen months into the Biden presidency, U.S. officials are still divided over what to do about a trade legacy left by President Donald J. Trump.
The euro hasn’t fallen below the one-to-one exchange rate with the U.S. dollar for two decades. But as economic risks grow, more analysts predict deeper lows for the shared currency.
Financing will be directed to keep government operations running amid the Russian war.
With just a handful of companies making U.S. infant formula, a shutdown of Abbott’s plant had outsized impact on the supply.
The president plans to unveil a new regional economic framework, but some in the region wonder whether it will be an empty exercise.
Flush with cash, Facebook, Apple, Amazon, Microsoft and Google are positioned to emerge from a downturn stronger and more powerful. As usual.
Do Kwon, a South Korean entrepreneur, hyped the Luna and TerraUSD cryptocurrencies. Their failures have devastated some traders, though not the investment firms that cashed out early.
The administration says federal spending trends are helping rein in price increases, but the economic calculus may be more complicated.
The government has brought stability for now through extreme measures, but forecasters are expecting continued severe inflation and a deep downturn.
Eleven auction records for artists — six by women — were smashed on Thursday night in two sales at Sotheby’s.
The revenue powers Vladimir V. Putin’s war machine in Ukraine. But plans for new U.S. sanctions could create problems with China, India and other major buyers.
After leaving the labor force in unusual numbers early in the pandemic, Americans approaching retirement age are back on the job at previous levels.
Top economic officials are gathering this week to discuss how to keep pressure on Vladimir V. Putin without sinking their economies.