The U.S. leading economic index jumped 0.9% in October and pointed toward a pickup in growth toward the end of 2021, the Conference Board said Thursday. "The U.S. LEI rose sharply in October suggesting the current economic expansion will continue into 2022 and may even gain some momentum in...
The BA.2 subvariant seems to have created a crack in the armor that’s fending off COVID-19, as China announced new lockdown measures and as some U.S. states have recorded spikes in new cases. Most of China’s largest city of Shanghai has been locked down as new cases of COVID-19...
The German government has agreed on a bailout for Uniper UN01, -21.43%, which has been hit by reduced Russian gas imports, the company said. Terms call for the German state to take a 30% stake for 267 million euros, provided further capital of up to 7.7 billion euros against...
The numbers: New filings for unemployment benefits fell by 3,000 last week to 229,000, but they remained close to a five-month high, perhaps a sign that layoffs have increased slightly from record-low levels. Economists polled by the Wall Street Journal forecast initial jobless claims to total 220,000 in the...
BRUSSELS (AP) — The European Union’s top official on Wednesday called on the 27-nation bloc to ban oil imports from Russia and target the country’s biggest bank and major broadcasters in a sixth package of sanctions against Moscow for its war in Ukraine. European Commission president Ursula von der Leyen,...
Apple Inc. battled through supply pressures to show continued revenue growth in its June quarter, with iPhone sales driving better-than-expected performance despite a surprise drop in Mac sales. Executives acknowledged on the company’s earnings call that supply constraints impacted the Mac business and continue to do so, but they...
A surge in COVID-19 cases in South Africa fueled by two new subvariants of omicron has raised concerns that they are even more transmissible than the BA.2 strain which has been dominant in the U.S. since early April. The BA.4 and BA.5 subvariants have led to a tripling of...
Kiyosaki’s Tweet Warns about a Bigger Bond Market Crash American businessman and author of the best-selling novel, “Rich Dad, Poor Dad,” Robert Kiyosaki, tweeted his thoughts on the biggest bond market crash since 1788. He even noted the massive crash of China’s real estate bon......
House Speaker Nancy Pelosi on Thursday threw her support behind a Senate bill that aims to ban the import of Russian oil CL00, -1.01% into the U.S., as part of the Western response to Russia's invasion of Ukraine. "I'm all for that. Ban it," the California Democrat told reporters...
Is America Ready for Self-Driving Big Rigs? Autonomous trucks that mostly stick to highways could make sense, both technologically and economically, in ways robotaxis have not. The goal is better-than-human, but not perfect, autonomous driving; jobs are probably on ... Jun. 18, 2022 at 12:00 a.m....