Starbucks to Exit From Russia

The coffee chain said it and its licensee would permanently wind down operations in its 130 stores and would continue to pay nearly 2,000 employees in Russia for six months....

Broadcom Weighs Paying $60 Billion for VMware

The chip maker is in talks to pay around $140 a share for the software company, people familiar with the matter said. The companies aim to announce the cash-and-stock deal Thursday....

Airbnb to Quit China Business Amid Lockdowns, Competition

The home-sharing company plans to shut its domestic operations in the country, but continue to serve Chinese travelers booking overseas properties....

GameStop Launches Digital Wallet for NFTs, Cryptocurrencies

The move by the company at the center of last year’s meme-stock craze comes as it looks to turn around its core videogame business....

The Average Age of Vehicles on U.S. Roadways Hits a Record 12.2 Years

American drivers are holding on to cars and trucks longer to avoid lofty prices for replacements and an inventory shortage at dealerships....

Americans Reported Strong Personal Finances Late Last Year, Fed Finds

Federal Reserve survey was conducted before Omicron, inflation buffeted the U.S. economy....

Biden Kicks Off Economic Group Linking U.S., Asia

President Biden and leaders from a dozen countries endorsed the Indo-Pacific Economic Framework, a platform aimed at countering China’s influence....

Lagarde Signals End to ECB's Negative Interest Rates Experiment

The European Central Bank is likely to increase its key interest rate to zero or above by September, President Christine Lagarde said, echoing robust moves by the Federal Reserve and other major central banks to phase out easy-money policies as inflation heats up around the globe....

Higher Rates Raise Risk of Future Fed Losses

Rising interest rates could one day lead the central bank to pay out more in interest than it earns, creating a political headache....

Rising Risk of Recession Creates New Headache for Biden

The Federal Reserve’s moves to fight inflation raise the risk of slower growth and even recession—and complicate President Biden’s efforts to highlight bright spots in the economy....