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Dollar’s Rise Spells Trouble for Global Economies

The currency’s strength is being felt in the fuel and food shortages in Sri Lanka; in Europe’s record inflation and in Japan’s exploding trade deficit.

The Wall Street Journal |  | Fuente original

Mortgage Rates Top 6% for the First Time Since the 2008 Financial Crisis

Mortgage rates topped 6% this week, a jolt to home buyers who last year were paying less than half that.

The Wall Street Journal |  | Fuente original

Russia’s Vladimir Putin Says China’s Xi Jinping Raised Concerns on Ukraine War

At the first meeting between the leaders of Russia and China since Moscow invaded Ukraine, Vladimir Putin said the Kremlin would clarify its position on Ukraine, without explaining further.

The Wall Street Journal |  | Fuente original

California Sues Amazon, Alleging Antitrust Violations Inflated Prices and Stifled Competition

The state attorney general alleges that the retail giant unfairly penalized merchants for offering products at lower prices on competing sites.

The Wall Street Journal |  | Fuente original

Possible U.S. Railroad Strike Could Fuel More Inflation

Biden administration officials huddled with union and freight-rail company representatives, as a looming strike threatens to shut down a crucial vein of the U.S. economy and put fresh pressure on prices when inflation is hovering near four-decade highs.

The Wall Street Journal |  | Fuente original

Twitter Investors Back Musk’s Takeover Bid After Whistleblower Testifies in Congress

The social-media company said shareholders approved the takeover offer based on a preliminary vote count. Meanwhile, the company’s former head of security said at a Senate hearing that Twitter executives’ “incentives led them to prioritize profits over security.”

The Wall Street Journal |  | Fuente original

Stocks Suffer Worst Day Since June 2020

Stocks suffered their worst day in more than two years after annual inflation came in higher than economists anticipated.

The Wall Street Journal |  | Fuente original