business news

China’s big cities are starting to look past Covid, while rural areas brace for infections

by

Subway passenger traffic in Shanghai is quickly returning to levels seen before the latest Covid wave, according to Wind data. Pictured here is a subway car in the city on Jan. 4, 2023. Hugo Hu | Getty Images News | Getty Images BEIJING — China will likely be able to live with Covid-19 by the … Read more

Job growth expected to have cooled in December but not enough to slow Fed rate hikes

by

The economy is expected to have added 200,000 jobs in December, less than November, but still strong enough to keep the Federal Reserve aggressively tightening policy to fight inflation. Economists surveyed by Dow Jones also expect that the unemployment rate remained at 3.7% in December, while average hourly wage growth slowed to 0.4% from 0.6% … Read more