Inflation is hot just like the job market, but the March jobs report showed there aren’t a lot of jobs where wage growth is standing up to heated prices. That is, with some exceptions — which may hint a lot about where consumer demand is going as pandemic concerns fade. In a healthy-looking jobs report […]
FedEx Corp. FDX 1.54% founder Fred Smith is stepping down as chief executive of the company he started more than 50 years ago with a few planes and built into a global delivery network that moves millions of packages a day. Mr. Smith, 77 years old, is handing the CEO role to President and Chief […]
The company has reached an agreement to list all New York City taxis on its app, an alliance that could ease the ride-hailing giant’s driver shortage and temper high fares while directing more business to cabdrivers, whose livelihoods were affected by the emergence of car- sharing apps and the pandemic. While Uber has formed partnerships […]
US stocks declined and oil prices rose as investors reacted to new Federal Reserve commentary following major indexes’ strong finish last week. The S&P 500 traded down 0.6% in afternoon trading, turning lower after comments from Fed Chairman Jerome Powell about the possibility of more aggressive interest-rate moves to tame inflation. Treasury yield rose following […]
Canadian Pacific Railway ltd. PC 0.08% trains were halted Sunday morning, stalling global shipments of key manufactured goods and commodities like fertilizers, after an impasse in contract negotiations between the company and its conductors and engineers. The Teamsters Canada Rail Conference, which represents more than 3,000 conductors, engineers and yard workers at Canadian Pacific, issued […]
Cargo ships are accumulating at one of China’s busiest ports after another Covid-19 outbreak shut down factories and warehouses in Shenzhen, raising the prospect of a new round of bottlenecks that could push up freight rates and slow deliveries. There are more than 35 ships waiting to dock in Shenzhen and another 30 farther north […]
Cargo ships are accumulating at one of China’s busiest ports after another Covid-19 outbreak shut down factories and warehouses in Shenzhen, raising the prospect of a new round of bottlenecks that could push up freight rates and slow deliveries. There are more than 35 ships waiting to dock in Shenzhen and another 30 farther north […]
Russia’s invasion of Ukraine risks fueling inflation and sapping growth world-wide, but a handful of nations are in line for an export windfall thanks to soaring energy and commodity prices. Countries including Canada, Australia and energy-rich Gulf Arab states look set to benefit as the invasion sparks record rallies in commodities from oil and gas […]
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