US Business

Lael Brainard testified before a House committee on the benefits and risks of a central bank digital currency.

Consumer prices rose 6.3% in April from a year earlier, down from 6.6% in March, as measured by the Commerce Department’s personal-consumption expenditures price index, but remained near a four-decade high.

U.S. households boosted spending for a fourth straight month in April, but the savings rate fell to the lowest in 14 years, suggesting many Americans are tapping savings to offset cost increases from inflation.

Reduced global fuel-making capacity is holding back supplies as drivers hit the road and demand recovers from the onset of the pandemic.

The billionaire’s takeover comments haven’t just made waves inside the social-media company. They have also frustrated some boosters of Tesla, whose stock has fallen some 30% since he disclosed his Twitter stake.

Consumers are growing cautious, and companies from Walmart to Procter & Gamble are altering course to reflect changing budgets.

Airlines are facing weather-related disruptions and grappling with staffing shortages as the Memorial Day holiday presents carriers with a first test in the run-up to an expected summer travel boom.

The agency is asking the Tesla CEO why he didn’t make the required filing within 10 days after his Twitter stake crossed the 5% threshold.

Big-box chain Big Lots and sporting-goods retailer Hibbett saw double-digit sales declines as higher prices across the spectrum dent shopper spending power.

From Apple to chip makers, companies warn of fewer shipments and weaker consumer spending in the world’s biggest smartphone market.