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U.S. Inflation Hits 40-Year High After Larger-Than-Forecast Gain

U.S. consumer prices surged in January by more than expected, sending the annual inflation rate to a fresh four-decade high and adding more urgency to the Federal Reserve’s plans to start raising interest rates. The consumer price index climbed 7.5% from a year earlier following a 7% annual gain in December, according to Labor Department…

Meta Renews Warning to E.U. It Will Be Forced to Pull Facebook

The company's latest comments highlight the increasing tension between the social media company and lawmakers over the ownership of user data.

SoftBank Plans to Take Arm Public After Nvidia Abandons Deal

SoftBank Group Corp. said it plans an initial public offering for Arm Ltd. after Nvidia Corp. abandoned a proposed acquisition of the chip designer in the face of fierce opposition from regulators and customers. The Japanese company said it’s aiming for an IPO in the U.S. in the fiscal year ending in March 2023. In…

There’s Never Been a Worse Time to Buy a Home, Poll of U.S. Households Shows

High housing prices, increased concerns about job stability and rising mortgage rates are deterring potential homebuyers

CEOs’ Climate Pledges Fall Far Short of Net Zero, Study Finds

New study finds major companies' 2030 climate goals “fall well short" of what's needed to meet Paris Agreement ambitions

Frontier to Buy Discounter Spirit Airlines for $2.9 Billion

Ultra-low-cost carriers, with an unrelenting focus on fares and expenses, stand to grow quickly as travel normalizes.

Ransomware Attack in Germany Tied to Colonial Pipeline Hackers

The attacks come amid heightened tensions in the region as Russian troops are massed on the Ukrainian border

Biden Extends Trump’s Solar Tariffs With Key Exemption

Tariffs make some imports more expensive and could slow Biden’s efforts to eliminate carbon-dioxide emissions from U.S. power grids by 2035.

Jeff Bezos’s New Superyacht to Force Dismantling of Dutch Bridge

Jeff Bezos’s massive new superyacht is nearing completion, but getting it to its owner will require taking out a bridge. The 417-foot-long sailing yacht, code-named Y721, is being built by Alblasserdam, Netherlands-based Oceanco. For the boat to reach the ocean, it will have to pass through Rotterdam, and navigate a landmark steel bridge known as…

Turkey Faces Rates Impasse as Inflation Hits 20-Year High

Turkey’s inflation accelerated to its highest level since President Recep Tayyip Erdogan took power two decades ago

EU Unveils Controversial Green Label for Gas and Nuclear

As urgency to tackle climate change mounts, environmentalists worry the decision risks greenwashing and diverting money away from renewables

Thiel-Backed Miner Partners With Bilfinger on Europe’s First Lithium Refinery

The agreement is part of a push to supply the region’s shift toward battery-powered cars.
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