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.
Layoffs are up only minimally, and employers may be averse to shedding workers after experiencing the challenges of rehiring.
The world’s third-largest economy lost momentum in the first three months of the year after the Omicron variant suppressed demand at home.
Jerome Powell, the Fed chair, said the central bank is prepared to raise rates more quickly and higher if price pressures fail to fade.
Gas prices cooled down slightly in April but were still at elevated levels, while oil prices remain volatile.
The Treasury secretary is traveling to Warsaw, Brussels and Bonn, Germany, this week at an uncertain time for the global economy.
The market has been producing double-digit returns for investors, even at moments of great national strife. But the party has ended and it may be a long time before it begins again.
The traffic was robust in March and April, reflecting the time it takes for sanctions to come into effect and an enduring profit motive for trading Russian energy.
A steep sell-off that gained momentum this week starkly illustrated the risks of the experimental and unregulated digital currencies.
China’s capital city is not as central to global production networks as Shanghai, but the costs for global companies will still mount if lockdowns spread.
The United States spent more on its policy response than other advanced economies. Now economists are revisiting how that worked.
The workers had been seeking to unionize a store in Memphis.
The petition for a union vote continues a trend of organizing at service-sector employers like Starbucks and Amazon.
The International Monetary Fund’s new World Economic Outlook expects growth to slow to 3.6 percent this year. The group is one of many to slash their forecasts recently.
Mary Gundel loved managing a store in Tampa, Fla. But when she detailed its challenges on social media, the company — and fellow employees — took notice.
Ford’s chief executive is about to introduce an electric F-150 pickup truck that could determine whether the automaker can survive and thrive in an industry dominated by Tesla.
The entertainment behemoth spent decades avoiding even the whiff of controversy. But it has increasingly been drawn into the partisan political fray.
The ultimate arbiter of a sovereign default is an open question but markets may have the final word.
Mortgage costs have jumped as the Federal Reserve has raised rates. With higher rates come fewer offers.
Mr. Barr faced pushback from progressives when his name was floated for a different position.
Supplies are not keeping up with demand, and costs may go higher, experts say.
The administration’s economic advisers see climate change and other factors complicating global trade patterns for years to come.
The $15 billion rapid-delivery start-up decided to do business differently from rivals like Instacart. A changing environment is testing its model.
The Justice Department is using antitrust law to charge employers with colluding to hold down wages. The move adds to a barrage of civil challenges.
The central bank is contemplating a half-point rate move in May. Christopher J. Waller, a Fed governor, said inflation data may justify big increases in months to come.
Household budgets are squeezed as wage increases are not keeping pace with rising prices.
Gasoline weighed heavily in the increases, while prices moderated in several categories. Some economists say the overall rate may have peaked.
The White House estimated that the move would allow Americans to save 10 cents a gallon at the approximately 2,300 stations in the country that offer the blend known as E15.
Employees of a nonunion production are seeking improved compensation and safety protocols, saying a union version of the same musical pays better.
Economists are betting that supply chains for all kinds of goods will heal, shortages will ease and price gains will slow. Cars are a wild card in those forecasts.
Workers at six more stores in upstate New York have voted to unionize.
Human rights activists and others urged the Biden administration to cast a wide net to stop imports of products made with forced labor in Xinjiang.
The Treasury Department’s deputy secretary, Wally Adeyemo, has been leading the effort to crack down on evasion and to coordinate with Europe.
When old rules of global commerce no longer seem to apply, masters of esoteric data — ocean shipping container times, anyone? — are thrust into the limelight.
The meetings are a common response by companies like Amazon and Starbucks to union drives among workers. The full labor board will make the decision.
The success of an independent drive has organized labor asking whether it should take more of a back seat.
The administration is in a tight spot as fast inflation makes households unhappy. Trying to offset price pain can risk stoking demand.
The Treasury secretary told a House committee that the U.S. would continue finding ways to punish Russia for its invasion of Ukraine.
The department also unveiled additional measures meant to neutralize Russian money laundering and disrupt online criminal networks.