US Business

Home sales jumped at the start of the year as buyers rushed to purchase properties in the face of record-low inventory and climbing mortgage rates.

As markets plunged, Jerome Powell and his colleagues vastly expanded the reach of the central bank, with implications that will be felt for years to come

Officials have suggested they could raise rates in quarter-point increments unless inflation doesn’t diminish as forecasters expect. New York Fed President John Williams and other officials hinted that the Fed wouldn’t need to begin any increases with a more aggressive half-point move.

The shipping company and car makers say it is too early to determine the cause of the fire, the latest supply-chain setback for the auto industry. The crew was evacuated earlier in the week.

Similar steps were taken in California and Connecticut amid warnings that staff shortages at hospitals and nursing homes might get worse.

The market for backup generators, solar panels and microgrids is booming as homeowners and businesses grapple with a less reliable electric grid.

The world’s largest carrier by passenger traffic is again cutting its summer schedule as production problems prevent Boeing from handing over new 787s.

Prices are the highest since 2014, but top shale companies like Devon and Pioneer are choosing to grow slowly rather than drill more.

General Electric’s shares fell after the company warned that supply-chain problems, labor shortages and inflation would weigh on its financial results in the first half of the year.

Regulators opted to take more time to review the shot in that age group because the two-dose series so far wasn’t working well against the new variant during testing, people familiar with the move said.