Wall Street Journal
Commercial News
7/5/22
WSJ.com: US Business
Amazon, Microsoft, Google Strengthen Grip on Cloud The three companies account for about two-thirds of cloud spending and are using their size to maintain their hold on the rapidly growing market. Air Travelers Cope With Busy July Fourth Holiday Weekend U.S. airports had their busiest day since the Covid-19 pandemic began, but overall disruptions were less severe than during recent holidays. Little-Known Abortion Pill Maker Faces Scrutiny The debate over medication abortions draws in the lone U.S. manufacturer of brand-name mifepristone. Consumers' Inflation Psychology Worries Fed Federal Reserve officials have indicated they accept the risks of causing a recession because they are determined to prevent something they view as worse: a change in consumer psychology that could sustain high inflation. Accelerating Inflation in Asia Puts Pressure on Central Banks to Raise Rates Accelerating inflation is rippling through the Asia-Pacific, stoking expectations that policy makers will need to keep ratcheting up borrowing costs to cool climbing prices. If the U.S. Is in a Recession, It's a Very Strange One Economic output is down?but the job market is strong, unlike in previous recessions. It?s the latest twist in the odd trajectory of the pandemic economy. Janet Yellen and China's Top Trade Negotiator Discuss Tariffs on Call The Treasury Department described the conversation, which also covered the impact of Russia?s war against Ukraine on the global economy, as ?candid and substantive.? |