Rising Gasoline Costs Pushed Up Consumer Spending, Inflation
Americans spent more in August on expensive gasoline, but the Fed could be pleased with cooler underlying inflation.
Bus Driver Shortage Forces Schools to Cut Service, Pay Parents to Transport Kids
Parents are grappling with how to get their children to school, as some districts say the current busing systems are untenable.
A $50 Million Condo Is Listing at Miami’s First Supertall Tower
The roughly 13,100-square-foot unit would be among the priciest sold in the South Florida city if it fetches its asking price
UAW Expected to Expand Auto Strikes Friday
Union President Shawn Fain is scheduled to disclose new site targets for a third round of strikes.
China Blocks Executive at U.S. Firm Kroll From Leaving the Mainland
A senior executive at American risk advisory firm Kroll has been barred from leaving mainland China.
Private Equity Blasts Antitrust Agencies’ Efforts to Slow Mergers
Industry lobbyists say the Biden administration challenge to private-equity roll-up strategy is illegal.
Meal-Kit Maker Blue Apron to Be Sold
The sale to food-delivery startup Wonder would end a disastrous six-year experiment with public ownership.
National Parks Will Close if Government Shuts Down
The Biden administration will limit visitor access to national parks and other sites if Congress can’t avoid a shutdown.
EVs Will Hit Detroit Harder Than a UAW Raise
While pay increases following the strike will take the shine off automakers’ margins, their electric vehicles are still making huge losses.
Commerzbank Rises After Payout Policy Revamp
Commerzbank said it aimed for a return of at least 70% of profit for next year, which sits well ahead of consensus […]
Japan’s Economy Minister Warns of Risk From China’s Real-Estate Troubles
The struggles in China’s real-estate industry and weak Chinese domestic demand pose a risk to the Japanese and global economies, Japan’s new […]
Eurozone Inflation Cools More Than Expected
Consumer prices in the eurozone rose 4.3% in September, potentially signalling that the ECB may have reached the peak of its current […]