Fresh inflation data offered the latest evidence that price increases were meaningfully cooling, good news for consumers and policymakers alike more than a year into the Federal Reserve’s campaign to […]
Prices (Fares, Fees and Rates)
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Back to news homeSaudi Aramco Reports $30 Billion in Profit for Latest Quarter
The Numbers: Profits that rise and fall with oil prices.Major energy companies have been reporting reduced profits, largely because the price of oil has fallen since last year. In the […]
U.S. Adds 187,000 Jobs in July as Economy Cools
The U.S. economy continued to generate sturdy employment growth in July, but it showed definite signs of cooling alongside the Federal Reserve’s battle to suppress inflation.American employers added 187,000 jobs […]
Is Good News Finally Good News Again?
Good news is bad news: It had been the mantra in economic circles ever since inflation took off in early 2021. A strong job market and rapid consumer spending risked […]
How ESPN Went From Disney’s Financial Engine to Its Problem
ESPN has been Disney’s financial engine for nearly 30 years, powering the company through recessions, box office wipeouts and the pandemic. It was ESPN money that helped Disney pay for […]
Strong Economic Data Buoys Biden, but Many Voters Are Still Sour
President Biden and his aides are basking in what is arguably the best run of economic data to date in his presidency. Inflation is cooling, business investment is rising, job […]
The Fed’s Preferred Inflation Measure Cooled in June
Falling inflation. Moderating wage growth. Resilient consumer spending.This is what a soft landing would look like.It is too soon to say whether the Federal Reserve will succeed in its effort […]
Wage Growth Slowed in Second Quarter, a Sign the Economy is Cooling
Wage growth slowed this spring, the latest sign that the Federal Reserve might be succeeding in its effort to engineer a “soft landing” for the U.S. economy.Overall compensation costs, including […]
Exxon Reports Leaner Earnings in Second Quarter
The NumbersExxon’s revenue declined in the latest quarter, to $82.9 billion from $115.7 billion a year earlier. The company reported earnings per share of $1.94, compared with $4.21 in the […]
Fed Raises Interest Rates After a Pause and Leaves Door Open to More
Federal Reserve officials raised interest rates to their highest level in 22 years and left the door open to further action as they continued their 16-month campaign to wrestle inflation […]