Jerome Powell Warns That War on Inflation May Be Painful
The Federal Reserve chair pledged to resolutely fight rapid price increases, arguing the bigger mistake would be allowing price increases to become entrenched.
China’s Record Drought Adds to Its Economic and Climate Woes
Dry weather in southwestern China has crippled huge hydroelectric dams, forcing cities to impose rolling blackouts and driving up the country’s use of coal.
California E.V. Mandate Finds a Receptive Auto Industry
The move to phase out gasoline-powered cars, with other states expected to follow, matches automakers’ plans. The challenge will be making it happen.
Christie’s to Sell Paul G. Allen’s $1 Billion Art Collection
The sale, which is expected to be the biggest in auction history for a private collection, will offer works from the Microsoft co-founder’s impressive cache that ranges from old masters to contemporary giants.
Dollar Stores Report Higher Sales as Shoppers Seek Bargains
American shoppers are gravitating toward less expensive stores as inflation drives up rents and grocery costs.
Citigroup’s Consumer Bank in Russia Was for Sale. Now It’s Just Closing.
The bank will wind down its retail and local commercial banking services in the country by closing branches and laying off workers.
Sean Hannity and Other Fox Stars Face Depositions in Defamation Suit
The depositions are one of the clearest indications yet of how aggressively Dominion Voting Systems is moving forward with its suit against the media company.
Why Europe’s Electricity Prices Are Soaring
Reverberations from the war in Ukraine have “distorted” the market for natural gas, forcing energy prices up.
Why Is This Colorful Little Wheel Suddenly Everywhere in Japan?
It’s the logo of the United Nations’ Sustainable Development Goals. And Japan is all in.
U.S. Growth Has Continued, One Official Measure Shows
Government data shows that gross domestic income rose in the first two quarters, a counterpoint to a decline in G.D.P. The divergence is a mystery.
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