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South Korea’s headline inflation averaged 2.5% in 2021 after remaining above the central bank’s annual 2.0% target for a ninth consecutive month in December. The highest annual inflation since 2011 in Asia’s fourth...
BEIJING — An official gauge of China’s manufacturing beat market expectations, as activity continued to expand at a faster clip in December amid improved market demand and falling raw material prices. The official...
U.S. stocks on Thursday looked set to extend their advance toward fresh records to cap 2021, with investor buying driven at least partly by the belief that an omicron-fueled spread of COVID won’t...
The numbers: The trade deficit in goods surged by 17.5% in November to set an all-time high, keeping the U.S. on track in 2021 to post its biggest annual shortfall on record. An early...
The Biden White House is promoting tougher anti-monopoly laws to curb high U.S. inflation and ease public criticism, but a prominent Democratic economist says it’s fool’s errand. “The emerging claim that antitrust can...
The numbers: U.S. new home sales jumped 12.4% to a seasonally-adjusted annual rate of 744,000 in November from a revised 662,000 in the prior month, the government reported Thursday. The revised October sales was...
The numbers: The University of Michigan’s gauge of consumer sentiment rose slightly to a final December reading of 70.6 from the initial reading of 70.4, staying above November’s final level of 67.4. Economists...
The numbers: Consumer spending rose 0.6 in November after a 1.4% gain in the prior month, the U.S. government said Thursday. Personal income rose 0.4% after a 0.5% rise in October. The gains...
The numbers: The index of consumer confidence rose to 115.8 in December from a revised 111.9 in the prior month, the Conference Board said Wednesday. Economists polled by The Wall Street Journal had...
The U.S. current account deficit widened 8.3% to $214.8 billion in the third quarter, the Commerce Department said Tuesday. The widening of the deficit reflected a reduced surplus on services, which have been...
