Inflation expectations are still high despite the squeeze on monetary policy. A target of 3% would be more in line with the economic reality left by the pandemic and climate change, but it is not possible right now
The move to leave its benchmark rate at about 5.4% suggests that the Fed thinks it has time to wait and see if the 11 rate hikes it unleashed starting in March 2022 will continue to cool rising prices
About 13,000 auto workers have walked off their jobs at targeted factories after union leaders couldn’t reach a deal with automakers. Here’s what you need to know about the UAW strike
Spain’s acting PM laid out his political project, emphasizing the environmental transition and reducing structural unemployment, at an EL PAÍS event in New York
The San Francisco company also said that later this year it will begin verifying all listings in its top five markets, including the United States and the United Kingdom, to combat fraudsters
In a video statement late Monday, United Auto Workers President Shawn Fain said more factories may be picketed if there is no significant progress in talks by the end of the week
Spain’s acting PM Pedro Sánchez will fly to New York to attend the Wednesday event, which is organized by EL PAÍS and the Spain-U.S. Chamber of Commerce
GM warned that 2,000 UAW-represented workers at an assembly plant in Kansas City are ‘expected to be idled as soon as early this week’ because of a shortage of supplies from another plant near St. Louis, where workers walked off on Friday
The cooling of inflation suggests that the Fed is edging toward a peak in the series of rate hikes it unleashed in March of last year — action that made borrowing much costlier for consumers and businesses
Erdogan, who is in the U.S. to attend the U.N. General Assembly, also discussed potential cooperation between Musk’s space exploration firm SpaceX and Turkey’s space program
Around the world, electric vertical takeoff and landing, or eVTOL aircraft are entering the mainstream, though questions remain about noise levels and charging demands
Evergrande is the world’s most heavily indebted real estate developer, at the center of a property market crisis that is dragging on China’s economic growth
A report from the institution — the lending arm of the European Union — reveals that nine out of 10 Latin Americans believe climate change impacts their lives
CEO pay has ballooned for decades, while wages for ordinary workers have lagged. But did the Big Three chief executives really get 40% pay increases? Not exactly