He is known as the Minister for Everything. From the government offices of Indonesia’s capital to dusty mines on remote islands, Luhut Binsar Pandjaitan commands authority as the nation’s essential […]
United States Economy
Trending topics and news from the United States Economy category
Back to news homeU.S. Mortgage Rates Climb Above 7%, a 21-Year High
Mortgage rates surged to a 21-year high this week, a jump that will make it even harder for buyers to afford homes in a market hampered by high prices and […]
CEO Changes at Gap and Kohl’s Signal Trend for Female Executives
At the start of this year, a slew of major retailers were searching for the right person to fill their chief executive roles. Most of those companies have now found […]
America Spends Big for Beyoncé’s “Renaissance” and Taylor Swift’s “Eras” Tours
Beyoncé told us that girls run the world. This summer, she and Taylor Swift seemed to prove it.Both Beyoncé’s “Renaissance” and Ms. Swift’s “Eras” tours have become cultural phenomena that […]
Inflation Rose to 3.2%, but Overall Price Trends Are Encouraging
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 […]
Yellow, the Freight-Trucking Company, Declares Bankruptcy
Three years after receiving a $700 million pandemic-era lifeline from the federal government, the struggling freight trucking company Yellow is filing for bankruptcy.After monthslong negotiations between Yellow’s management and the […]
How Long Will Interest Rates Stay High?
Dr. Alice Mills was thinking of selling her veterinary practice in Lexington, Ky., this year, but she decided to put the move off because she worried that it would be […]
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 […]
Las Vegas Suffers as Nevada Economy Droops, Costing Jobs
Pedro Alvarez never imagined his high school job delivering filet mignon and sautéed lobster tail to rooms at the Tropicana Las Vegas would turn into a longtime career.But in a […]
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 […]