U.S. Prices, Wages Rise at Fastest Pace in Decades
Consumer prices rose at the fastest pace in 30 years in September while workers saw their biggest compensation boosts in at least 20 years. Consumer spending also rose in September.
Stocks Shrug Off Downbeat Apple, Amazon Earnings
Stocks edged higher Friday, defying declines in shares of $Apple(AAPL.US)$ and $Amazon(AMZN.US)$ after their earnings reports disappointed investors.
U.S. Consumer Sentiment Remained Subdued in October
Consumer sentiment in the U.S. rose slightly in late October but stayed at low levels over the month, signaling that Americans' mood remains dim amid persisting supply-chain bottlenecks and high inflation.
U.S. Oil-Rig Count Rises by One in Latest Week, Baker Hughes Says
The number of rigs drilling for oil in the U.S. rose by one in the latest week to 444, according to oil-field services company Baker Hughes.
Covid-19 Cases Drop in Southeast Asia, Easing Supply-Chain Crunch
Factories have reopened and production is steadily picking up in major manufacturing areas of Southeast Asia, easing some of the supply-chain constraints that companies blame for lost sales.
Eurozone Economy Outpaces U.S., China
The loosening of social restrictions and widespread vaccinations powered the region's comeback from the Covid-19 pandemic, but supply-chain bottlenecks and rising prices are expected to hold growth back in the coming months.
Stock Market's New EV Joy Ride Ignores Supply Risks
Investors who are jumping back into electric vehicles should heed the lessons of this year's semiconductor shortages.
Infrastructure Bill's Broadband Plan Shrouded From Scrutiny
A provision of Congress's $42 billion plan to expand broadband into underserved areas could exempt it from Freedom of Information and Privacy Acts.
Biden Framework for Social-Climate Package Fails to Ease Passage of Infrastructure Bill
The White House's $1.85 trillion framework designed to show progress in the social-spending and climate talks fell short of persuading progressives to quickly approve the parallel, roughly $1 trillion infrastructure bill.