Boost to Household Income Primes U.S. Economy for Stronger Growth
U.S. household income jumped 10% in January as the government delivered stimulus payments to households and consumer spending rose briskly,…
Best Buy Steps Up Digital Overhaul as Slowdown Looms
Best Buy Co. BBY -9.84% said sales surged in the holiday season as homebound consumers splurged on televisions and other…
Texas Is Awash in Natural Gas. It Didn’t Help in the Storm
Natural-gas shortages were a major culprit in the blackouts that left millions freezing in the dark in Texas last week,…
Jerome Powell Sees Easy-Money Policies Staying in Place
WASHINGTON—Federal Reserve Chairman Jerome Powell reaffirmed the central bank’s commitment to maintaining easy-money policies until the economy has recovered further…
Two Swing Republicans to Oppose Biden’s Pick to Lead Budget Office
WASHINGTON—President Biden’s pick to lead the White House budget office was in deeper peril Monday after two swing Republican senators…
Travel’s Covid-19 Blues Are Likely Here to Stay—‘People Will Go Out of Business’
The pandemic travel bust that hit tourism-dependent economies may only just be beginning. Tourist destinations from Thailand to Iceland had…
Without Tourists to Put to Work, Australia’s Farms Are Short on Labor
SYDNEY—To harvest red papaya in northern Australia’s tropical heat, farmer Paul Fagg has long drawn on an unusual labor pool…
Companies Aren’t Saving Their Pennies as Markets Turn Bubbly
When money is readily available and almost free, why bother saving for a rainy day? For corporations, the question is…
Walmart Promises Raises for 425,000 Workers After Strong Holiday Sales
Walmart Inc. said it would raise wages for about 425,000 of its employees after a year in which the Covid-19…
U.S. Retail Sales Rose Strongly on Stimulus in January
U.S. shoppers sharply increased spending in January, buoyed by stimulus payments that many households received in the most recent virus-relief…
Biden Administration Extends Covid-19 Mortgage Relief
WASHINGTON—The Biden administration extended a federal moratorium on home foreclosures for another three months and expanded assistance for people behind…
Covid-19 Vaccines Aren’t Yet Luring Workers Back to the Office
U.S. workers have failed to return to the office in greater numbers this month, frustrating hopes that the rollout of…