In its annual report on the jobs market, the Paris-based policy advisory body said wages have been rising faster than prices over the past year, but real wages remain below their late 2019 levels in a number of countries, including the U.S.
Houston city officials said it could take days to restore power to millions of customers after Beryl swept through the region, flattening homes and leaving several people dead.
Athletic Brewing closed a new financing round valuing the company at roughly $800 million.
As the clubs lose popularity, some are implementing looser dress codes, discounted dues and speed dating to boost membership.
Housing and rent inflation hums along at 5.4% more than two years after the Fed began hiking interest rates. The same hot read can’t be said about the stuff that goes into making a house or apartment a home, like the dishwashers, rugs and furniture.
Edmundo González, a former career diplomat, is an anomaly in the country’s rough politics, but he faces a rigged election system
Some high-end brands rely on independent workshops to supplement their in-house factories, but some may have taken cost-saving measures too far.
Investors will be listening closely for clues on rate cuts as the Fed chair delivers his twice-yearly report.
Gold futures edged higher after having fallen around 1.4% in the previous session, which Pepperstone said may have been traders flushing out their long positions after the precious metal’s recent rally, but was also likely part of a wider sell-off of commodities over the day.
Oil prices edged lower as fears over widespread disruptions to energy infrastructure after Hurricane Beryl made landfall in Texas eased among traders.
Singapore state-investment company Temasek Holdings said the plan to list A.S. Watson Group remains in place, a potential deal that could be worth billions of dollars.
BP expects to book an impairment of up to $2 billion, hitting its second-quarter results, while its oil-trading result is set to fall on quarter.
A return of the 10-year French OAT-German Bund yield spread to a pre-election range of 45-50 basis points is unlikely, given the increase in political risk and reduced scope of spending cuts, but a trough of 50-55bps looks plausible, Citi Research said.
The Nikkei Stock Average ended 2.0% higher at 41580.17, hitting a new record closing high as a weak yen raises expectations for earnings growth.
Dassault Systemes cut its full-year revenue guidance after saying that revenue for the second quarter missed its forecast due to customer caution given the geopolitical environment.
Private insurers involved in the government’s Medicare Advantage program made hundreds of thousands of questionable diagnoses that triggered extra taxpayer-funded payments, including wrong ones, from 2018 to 2021, a Wall Street Journal analysis found.
Republicans released a party platform that was much shorter and less detailed than those of the past, sidestepping many policy specifics and the potential internal fights that could have been triggered by a more-detailed document.
Biden dug in, telling a broad array of fellow Democrats that he was committed to “running this race to the end” and that it was time for conversations about changing nominees to stop, as concerns about his candidacy grew louder.
A global coalition of nations that advocates for a free press condemned the Russian prosecution of Wall Street Journal reporter Evan Gershkovich and called for his release.
Israel launched airstrikes and sent ground troops back into Gaza City, where it said militants continued to operate months after heavy fighting concluded there.
Most medical students at Johns Hopkins University are set to receive free tuition after the school received a $1 billion gift from Bloomberg Philanthropies.
Three Columbia deans were removed from their positions and placed on indefinite leave over text messages they sent during a panel about Jewish life on campus, the university said.
Devon Energy agreed to acquire Grayson Mill Energy, an oil-and-gas producer in the Williston Basin, in a cash-and-stock transaction valued at $5 billion.
David Ellison said he envisions turning Paramount Global into a media and tech hybrid to transform the beleaguered entertainment company into a viable competitor against Disney, Netflix and Warner Bros. Discovery.
