G.D.P. Report Shows U.S. Economy Shrank Again: Live Updates
Gross domestic product fell by 0.2 percent in the second quarter, after a 0.4 percent decline in the first, fueling fears that a recession may have already begun.
Crops ‘Stored Everywhere’: Ukraine’s Harvest Piles Up
Farmers who have lived under the risk of Russian missile attacks have their doubts about an international agreement to ease a blockade on grain shipments through the Black Sea.
Democratic lawmakers want the F.T.C. to go after gun ads.
Two Democratic lawmakers are sponsoring a bill that would push the agency to scrutinize the way the gun industry markets firearms.
They Flocked to China for Boom Times. Now They’re Thinking Twice.
Global businesses and industries that rode the China growth wave for years are bracing for the fallout of a slowing economy.
JetBlue and Spirit Airlines Announce Merger Plan
The deal, which values Spirit at $3.8 billion, comes a day after Frontier’s bid for Spirit fell apart. It is likely to face antitrust scrutiny.
Federal Reserve Makes Another Supersized Rate Increase to Tame Inflation
The central bank raised rates by three-quarters of a percentage point and suggested additional large increases could be warranted.
Meta Reports First Revenue Decline and 36 Percent Profit Drop
It was the first time the social media giant’s revenue had fallen since it went public a decade ago, as it confronts increased regulatory scrutiny and a turbulent economy.
Spirit Airlines Shareholders Reject Merger With Frontier
The decision could improve prospects for Spirit to reach a deal with JetBlue, a suitor it had previously rejected.
Fed Fights Inflation With Another Big Rate Increase: Live Updates
The central bank raised rates by three-quarters of a point, its fourth increase this year, as it attempts to tame prices without causing a severe downturn.
Lufthansa Cancels Nearly All Flights in Frankfurt and Munich, Stranding 130,000
The cancellations were announced after 3,000 employees walked off the job to protest for better wages.
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