US Business

The world’s central banks are hanging on how the Fed will respond to a rise in inflation, wary of being caught in the crosscurrents of an extraordinary U.S. economic expansion.

The Biden administration wants to raise tax rates on investment profits for the highest earners. Some Americans who aren’t in the top tier would be affected as well.

Concerned about falling birthrates, policy makers are planning a further shift toward policies that explicitly encourage childbirth, according to people familiar with the matter.

The Federal Reserve Bank of St. Louis President James Bullard said the economy is seeing more inflation than he and his colleagues had expected, and that could lead to a rate increase late next year.

Sports-vehicle maker Polaris is changing its manufacturing and sales strategies on the fly to meet strong demand while coping with shortages of materials and parts.

Taiwan Semiconductor Manufacturing Co. makes almost all of the world’s most sophisticated chips, and many of the simpler ones, too. Its dominance poses risks to the global economy, amid geopolitical tensions and a major chip shortage.

Shares of new electric-vehicle makers Lordstown Motors, Nikola and Canoo are holding tight despite a challenging series of speed bumps

The Swiss lender has backed away from lending to SoftBank and its founder, according to regulatory filings and people familiar with the matter, as it tries to limit risk in the wake of the collapse of Greensill and Archegos.

Customers navigating new rules are facing long phone waits for assistance. At airports, short-staffing slows security lines, shops and restaurants.

The drugstore chains say business generated by Covid-19 vaccinations is helping them recover from the pandemic’s impact on costs and revenue last year.