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Exxon, Chevron Remain Payout Gushers

July 28, 2023 / no comments

Oil and natural-gas price fluctuations have had remarkably little impact on cash returns to the supermajors’ shareholders.

For Luxury Brands in America, the Easy Pickings Are Over

July 28, 2023 / no comments

U.S. shoppers spent much less on designer goods in the second quarter. Was the gold rush the industry experienced during the pandemic a fad?

Wage Growth and Inflation Ease as Fed Considers Next Move

July 28, 2023 / no comments

Officials are looking for further slowing of wage growth and price increases to aid inflation fight.

As Publishers Seek AI Payments, AP Gets a First-Mover Safeguard

July 28, 2023 / no comments

The Associated Press’s pact with OpenAI gives it the right to reset terms if another publisher gets a better deal.

Bernanke Tapped to Find Out Why U.K. Central Bank Misjudged Inflation

July 28, 2023 / no comments

The appointment of the former Fed chair is one of the first steps taken by a leading central bank to understand why it underestimated a surge in prices that has dented living standards.  

Wage Growth Slowed in Second Quarter, a Sign the Economy is Cooling

July 28, 2023 / no comments

Pay and benefits increased 1 percent, down from 1.2 percent in the first three months of the year. The cooling will be welcomed by policymakers who have been worried that rapidly rising wages could make it harder to get inflation under control.

The Fed’s Preferred Inflation Measure Cooled in June

July 28, 2023 / no comments

The Personal Consumption Expenditures index moderated, even as consumer spending data looked strong.

Biogen to Buy Reata in $7.3 Billion Deal

July 28, 2023 / no comments

The deal would bolster the biotech company’s portfolio of treatments for neuromuscular and rare diseases.

‘I Don’t Want to Be Here Anymore.’ The Economic Cost of Houston’s Heat.

July 28, 2023 / no comments

Businesses and residents in America’s fourth-largest city have moved much of life indoors, changing work and spending habits, and denting the local economy.

Quantum Tech Intended for National Security Is Testing U.S. Alliances

July 28, 2023 / no comments

A global race to harness the power of atoms for navigation, computing and encryption is pitting concerns over protectionism against the spirit of cooperation.

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