Walmart Earnings Boosted by ‘Upper-Income’ Shoppers
The Numbers: Sales growth in stores and especially online. Walmart said its comparable-store sales in the United States rose 3.8 percent from the quarter a year earlier. Its U.S. e-commerce…
The Numbers: Sales growth in stores and especially online. Walmart said its comparable-store sales in the United States rose 3.8 percent from the quarter a year earlier. Its U.S. e-commerce…
There’s a three-letter abbreviation that economists have started pronouncing with the energy of a four-letter word: “O.E.R.” It stands for owner’s equivalent rent, and it has been used to measure…
The Biden administration’s new tariffs on Chinese electric vehicles won’t have a huge immediate impact on American consumers or the car market because very few such cars are sold in…
Jerome H. Powell, the Federal Reserve chair, reiterated Tuesday that policymakers were poised to hold interest rates steady at a high level as they waited for evidence that inflation is…
High interest rates haven’t crashed the financial system, set off a wave of bankruptcies or caused the recession that many economists feared. But for millions of low- and moderate-income families,…
Federal officials will provide up to $120 million in grants to Polar Semiconductor to help the company expand its chip manufacturing facility in Minnesota, the Biden administration announced on Monday,…
The Biden administration is set to announce new tariffs as high as 100 percent on Chinese electric vehicles and additional import taxes on other Chinese goods, including semiconductors, as early…
Investors do not expect the Federal Reserve to raise interest rates again, and officials have made it clear that they see further increases as unlikely. But one important takeaway from…
President Biden on Wednesday announced the creation of an artificial intelligence data center in Wisconsin, highlighting one of his administration’s biggest economic accomplishments in a crucial battleground state — and…
This past January, another bipartisan collaboration — between Alicia Munnell, who was an economist in the Clinton administration and who now serves as the director of Boston College’s Center for…