Economy

Fed’s favorite inflation gauge shows prices rose at 3.2% annual rate in November, less than expected

A gauge the Federal Reserve uses for inflation rose slightly in November and edged closer to the central bank’s goal.…

UK inches closer to technical recession as growth is revised down

LONDON — The U.K. is edging closer to recession after revised figures showed the economy shrank in the previous quarter.…

UK and Switzerland sign post-Brexit financial services deal

LONDON — The U.K. and Switzerland on Thursday signed a post-Brexit financial services deal designed to bring two of Europe’s…

Houthi attacks rocking Red Sea trade routes likely won’t end anytime soon. Here’s what could happen next

Drone and missile attacks by Yemen-based Houthi militants have upended shipping through the Red Sea and Suez Canal, a narrow…

Biden touts minority small business wins as Latino approval sags

President Joe Biden is flaunting his investments in Black- and Latino-owned small businesses as the Latino vote slips from his…