Illegal Mopeds and Fake Names: Migrants Scrape By in Underground Economy
Mr. Milano said he needs the work, no matter the conditions. In Caracas, he was a motorcycle taxi driver, and his wife, Yohelin Nazaret, 31, managed a clothing store. “Things…
What Retail Sales and Other Data Say About China’s Economy
China’s trains, planes, stores and beaches were a little fuller last month than a year ago, and the pace of activity picked up at factories, particularly those making mobile phones…
Opinion | How the U.S. Economy Is Taming Inflation Without a Recession
Early this year many economists held a very grim view about the prospects for reducing inflation without a major economic slowdown and a big rise in unemployment. One prominent economist…
On the Economy, Biden Struggles to Convince Voters of His Success
When a chant slamming President Biden spread from a NASCAR race to T-shirts and bumper stickers across red America two years ago, the White House pulled off perhaps its savviest…
China’s Property Crisis Is Rippling Through the Economy
Once a beneficiary of China’s property boom, Lan Mingqiang is now an unwitting casualty of its unraveling. The financial troubles at one real estate company, Country Garden, have left him…
Ozempic and Wegovy, Novo Nordisk’s Weight Loss Drugs, Reshape Denmark’s Economy
After 100 years of relatively quiet existence as a maker of diabetes drugs, the Danish firm Novo Nordisk has suddenly grown so big that the company is reshaping the Danish…
A Crisis of Confidence Is Gripping China’s Economy
Earlier this year, David Yang was brimming with confidence about the prospects for his perfume factory in eastern China. After nearly three years of paralyzing Covid lockdowns, China had lifted…
At Jackson Hole, Powell Faces a Changed Economy and Market
When Jerome H. Powell spoke at the Federal Reserve Bank of Kansas City’s annual conference in Jackson Hole, Wyo., last year, inflation had recently topped 9 percent and the Fed…