US Business

A look ahead to expected economic news this week, including U.S. and China consumer prices, plus the European Central Bank’s announcement on interest rates.

Some economists worry that picking trade partners for geopolitical reasons could create a world of antagonistic blocs.

The Tesla CEO’s prominence and interaction with other users, as well as the topics he tweets about, make him a magnet for people looking to spread spam and other suspicious content.

Collections are poised to reach $2.6 trillion in the fiscal year that ends Sept. 30, which would mark a record in the 109-year history of the tax. The size and speed of the increase has surprised even the nation’s fiscal-policy experts.

Shoppers shifted spending away from casual clothes and home items that had been in demand during the height of the pandemic, catching some retailers off guard and leaving them with excess goods that need to be marked down.

The economy extended a yearlong streak of strong gains in May. The jobless rate remained at 3.6%.

Treasury Secretary Janet Yellen denied that she had tried to cut the size of the $1.9 trillion relief plan Democrats approved in 2021.

It would be difficult for Russia to overcome the loss of western technology and capital, noting that other once-large oil producers have seen output fall after sanctions, Mike Wirth said.

Abbott Laboratories plans to resume production at its Sturgis, Mich., plant on Saturday, but initial production runs will include only specialty formulas.

Prices fell so hard during the subprime crisis or climbed back so gradually in more than 400 cities that the current buying wave is only beginning to make even a homeowner who bought there during the last boom.