Markets / Wall Street

Stories about the financial markets

After deadly blazes, PG&E’s bankruptcy promises falling flat

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SANTA ROSA, Calif. — The nation’s largest utility has long vowed to change its reckless ways. After leaving a trail of death and destruction...

As US companies scramble to hire, workers enjoy upper hand

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WASHINGTON — With the economy growing rapidly as it reopens from the pandemic, many employers are becoming desperate to hire. Yet the evidence suggests...

Greece: Fugitive far-right former lawmaker arrested

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ATHENS, Greece — A leading member of Greece’s extreme right-wing Golden Dawn party has been arrested in Athens, nearly nine months after he disappeared...

CBO projects federal deficit will hit $3 trillion this year

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The Congressional Budget Office says that the federal budget deficit will again hit $3 trillion this year, $745 billion more than its estimate five...

Economic crisis, severe shortages make Lebanon ‘unlivable’

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BEIRUT — Ibrahim Arab waits in line several hours a day in the hot summer sun to buy gas for his taxi. ...

German unemployment drops as COVID infections decline

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BERLIN — Germany's unemployment rate declined to 5.7% in June as Europe's biggest economy benefits from a sharp decline in coronavirus infections, official data...

Warren Buffett says pandemic’s impact still hard to predict

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OMAHA, Neb. — Billionaire Warren Buffett says the one constant throughout the coronavirus pandemic has been that it has been difficult to predict how...

Gunmen take to streets in Lebanese city over economic crisis

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BEIRUT — Gunmen took to the streets in the northern Lebanese city of Tripoli on Wednesday, firing in the air and at times throwing...

Appeal seeks to let Indiana quit federal jobless programs

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INDIANAPOLIS — Attorneys for the state argue that Indiana’s economic recovery will “suffer irreparable harm” unless an appeals court overturns a judge’s order that...

World Bank raises China growth outlook to 8.5%

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BEIJING — The World Bank raised its forecast of China’s economic growth this year to 8.5% from 8.1% and said Tuesday a full recovery...