The U.S. economy remained robust earlier this year, with a strong labor market leading to robust consumer spending. The problem is that inflation has also been resilient. Inflation-adjusted gross domestic product rose 1.6 percent annually in the first three months of the year, the Commerce Department said Thursday. That was a significant decline from the…
U.S. economic growth was much weaker than expected at the start of the year and prices rose faster, the Commerce Department reported Thursday. According to the ministry’s Bureau of Economic Analysis, gross domestic product, a broad measure of goods and services produced in the January-March period, rose a seasonally adjusted 1.6% on an annual basis….
When the NFL took its college draft on the road a decade ago, its first stops were Chicago, Philadelphia and Dallas, three of the league’s largest markets. The concept was an immediate success, transforming a show that had been staged in Manhattan hotels and theaters for half a century into a free, three-day soccer festival…
Secretary of State Antony J. Blinken is meeting with officials in China this week as disputes over wars, trade, technology and security test the two countries’ efforts to stabilize ties. The United States is facing an election year in which President Biden will face intense pressure to confront China’s authoritarian government and offer new protections…
Federal Reserve Chairman Jerome Powell arrives to testify at a House Financial Services Committee hearing on the “Federal Reserve’s Semi-Annual Monetary Policy Report” on Capitol Hill in Washington, DC, March 6, 2024. Almond Ngan | Afp | Getty Images With the economy doing well and the stock market holding up quite well despite the recent…
Shoppers in recent years have embraced buy now, pay later loans as an easy, interest-free way to buy everything from sweaters to concert tickets. However, the loans are typically not listed on consumers’ credit reports or factored into their credit scores. That has fueled fears that users may be taking on excessive debt that is…
“If the workers in Chattanooga get a great contract, a big raise, better health benefits and then do the same at Mercedes, there will be a lot more good chances of getting good contracts in a short period of time,” said Madeline Janis, co-executive director of Jobs to Move America, a group committed to creating…
Bills from private members, particularly members of the Bloc Québécois, rarely make it through the parliamentary process. But after a bill from Yves Perron, who speaks for the bloc for the agricultural bloc, passed the lower house with strong support from members of all parties, it easily found a second vote in the unelected Senate…
In a landmark victory for organized labor, workers at a Volkswagen plant in Tennessee voted overwhelmingly to join the United Automobile Workers union, becoming the first non-union auto plant in a Southern state to do so. The company said in a statement late Friday that the union won 2,628 votes to 985 against in a…
Another start-up founder goes to prison for overstating his company’s performance to investors. Manish Lachwani, who pleaded guilty last year to three counts of defrauding investors at his software start-up HeadSpin, was sentenced to a year and a half in prison on Friday. He will also pay a $1 million fine. Prosecutors said Mr. Lachwani,…
