US Business

The carriers are taking steps to prepare for potential FAA flight restrictions when a new 5G wireless service goes live Jan. 5.

Instead of loosening monetary policy to prop up their economies as they did at the start of the Covid-19 pandemic, central banks are moving to unwind stimulus and raise interest rates.

The latest Spider-Man movie opened to $253 million at the box office this weekend, defying industry expectations.

Manufacturers face backlogged ports, worker shortages and scarce materials and components.

In their first public comments since the Federal Reserve monetary policy meeting this week, some central bank officials on Friday talked up the prospect of raising their now near-zero short-term rate target over the course of the new year.

Upward pressure on prices is broadening beyond the goods and services that were directly affected by the Covid-19 pandemic. Price increases for fuel, cars, food, apparel and medical care vary widely.

The Financial Stability Oversight Council is prepared to regulate the space but prefers Congressional action.

Many developing countries have responded aggressively to the acceleration in inflation, taking steps that are only now being contemplated by richer ones. This week, Russia and Mexico were among several nations announcing interest-rate rises.

Promotions to co-CEO of Salesforce and chairman of Twitter have turned a Silicon Valley entrepreneur into one of tech’s highest-profile executives.

The blackout is depriving more than four million subscribers of programming as the companies battle over distribution fees.