Category: United States

Black Americans have grappled with more volatile inflation when compared to white households over the past several years, according to new research published Monday by the Federal Reserve Bank of Richmond.  Study author Munseob Lee, an assistant professor of economics at the University of California San Diego’s School of Global Policy and Strategy, used race-specific […]

Germany’s annual rate of inflation fell in June, confirming the first estimate, as there was a respite because of temporary government interventions. According to final data released by German statistics office Destatis on Wednesday, consumer prices rose 7.6% on year measured by national standards, in line with the forecast by economists in a Wall Street […]

Uber Technologies Inc. reportedly paid high-profile academics in the United States and Europe to produce reports that could be used in the company’s lobbying, while continuing to fight a push to disclose more information about its current lobbying. The Guardian reported Tuesday based on files leaked by a former Uber executive that the company paid […]

Grocery- and liquor-delivery startup Gopuff is cutting 10% of its global workforce and shuttering 76 warehouses across the U.S. in an effort to cut costs, according to a new report. Citing a letter to investors that it obtained, Bloomberg News reported Tuesday that the company will lay off about 1,500 employees as it pivots sharply […]

Dear Quentin, After not seeing a friend for a few months, she asked if I wanted to go to a show with her that evening, if she could get free tickets from work. I graciously accepted. I expressed my enthusiasm throughout the evening, and I thanked her several times. I felt I was both overtly […]

The Federal Trade Commission (FTC) is warning people that devices and apps that gather people’s personal information, including their location and overall health, “may pose an incalculable risk” if they improperly share the information. “The misuse of mobile location and health information — including reproductive health data — exposes consumers to significant harm,” the FTC […]

Soaring inflation for food and other goods is expected to drive price-conscious shoppers to Amazon.com’s two-day Prime Day sale. And climate-conscious consumers can limit their guilt for jumping on these deals if they’re smart about navigating their packaging and delivery options. Plus, now as much as ever can be a good time to check out […]

The price target on Apple Inc.’s stock was lowered Tuesday at KeyBanc Capital to below the average target on Wall Street, amid signs suggesting fiscal third-quarter hardware revenue will fall even more than what’s already expected. The technology giant’s stock AAPL, -1.48% tacked on 0.3% in premarket trading. On Monday, the stock pulled back 1.5% […]

Bond yields fell on Tuesday as investors sought the safety of government debt amid floundering equity markets and lingering global growth concerns ahead of crucial U.S. inflation data. What’s happening The yield on the 2-year Treasury TMUBMUSD02Y, 3.007% slipped 9 basis points to 3.001%. Yields move in the opposite direction to prices. The yield on […]

By Peter Landers TOKYO–Japanese Finance Minister Shunichi Suzuki said he agreed at a meeting Tuesday with U.S. Treasury Secretary Janet Yellen that the U.S. and Japan should cooperate appropriately in dealing with rapid currency movements. Mr. Suzuki spoke to reporters after meeting Ms. Yellen. He said he told Ms. Yellen that Japan is concerned about […]

Former Overstock.com Inc. Chief Executive Patrick Byrne is expected to meet Friday with the House committee investigating the Jan. 6, 2021, Capitol insurrection, CNN reported Monday night. The meeting will be held behind closed doors, CNN reported, and its topics have yet to be determined.

All adults would become eligible for a second COVID-19 booster shot under a plan being worked on by the Biden administration, the Washington Post reported late Monday. Currently, a second booster has only been approved for those 50 and older, as well as those 12 and over who are immunocompromised. But there is growing concern […]

Charter Communications CHTR, -2.19% is one of the largest cable companies in the U.S. Our firm views it as an investment in three distinct businesses: cable TV; broadband internet, and wireless. Cable TV is a high-revenue, low-margin business — most of the revenue (deservedly) goes to content providers. This business is in a mild, long-term, […]

Natural-gas futures rallied on Monday to settle at their highest price of the month so far, buoyed by the potential for an extended shutdown of a key European pipeline, U.S. benchmark oil futures, meanwhile, finished lower on the back of rising risks to energy demand from restrictions on activity in China, as the nation attempts […]

A new, highly infectious subvariant of omicron is raising concerns among scientists and health experts as it spreads in India and other countries, including the U.S. Scientists say the variant — called BA.2.75 — may be able to spread rapidly and get around immunity from vaccines and previous infection, as the Associated Press reported. It’s […]

NIO Inc. said Monday that it has formed a committee to look into recent allegations that the China-based electric vehicle maker is using an affiliate battery maker to boost financial results. Short-seller Grizzly Research LLC had alleged on June 28 that sales to Wuhan Weineng Battery Asset Co., which was formed by NIO and a […]

U.S. stock futures stumbled on Monday as China COVID fears sparked fresh global growth concerns How are stock-index futures trading S&P 500 futures ES00, -0.51% dipped 0.6%, or 24 points, to 3878 Dow Jones Industrial Average futures YM00, -0.39% fell 0.5%, or 166 points, to 31141 Nasdaq 100 futures NQ00, -0.69% eased 0.7%, or 93 […]

Macau-focused casino stocks declined after city officials announced a weeklong shutdown of gaming venues and other businesses to combat a surge in COVID-19 cases in the Asian gambling hub. In early Monday trading in Hong Kong, Sands China Ltd. HK:1928 slid 7.2%, Wynn Macau Ltd. HK:1128 fell 5.9%, SJM Holdings Ltd. HK:880 lost 5.2% and […]

By Yifan Wang Shares of Chinese tech giants fell in Hong Kong on Monday, after Beijing fined some of the country’s largest internet companies for failing to make proper antitrust declarations on previous deals. Alibaba Group Holding Ltd., Tencent Holdings Ltd. and Ping An Healthcare & Technology Co., which were named in the latest executive […]

U.S. Transportation Secretary Pete Buttigieg on Sunday defended the right of abortion-rights protesters to demonstrate against Supreme Court Justice Brett Kavanaugh outside of a restaurant where he was eating dinner. “People are upset. They’re going to exercise their First Amendment rights. As long as that’s peaceful, that’s protected,” Buttigieg said on “Fox News Sunday,” according […]