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SkiptoMainContentSkiptoSearchDowJones,aNewsCorpcompanyAboutWSJNewsCorpisaglobal,diversifiedmediaandinformationservicescompanyfocusedoncreatinganddistributingauthoritativeandengagingcontentandotherproductsandservices.DowJonesBarron'sBigChartsDowJonesBusinessesDowJonesNewswiresFactivaFinancialNewsMansionGlobalMarketWatchNewsmartNewsPlusRisk&ComplianceWSJLiveWSJProWSJVideoWSJ.comNewsCorpAvailBusinessSpectatorHarperCollinsPublishersHousingMakaanNewYorkPostREArealtor.comStoryfulTheAustralianTheSunTheTimes CapitalAccountThisInflationDefiestheOldModelsNeithersupplyordemandbyitselfisincreasingprices;it’sanunusualcombinationofboth.4minreadU.S.EconomyGiantGapPersistsBetweenJobOpeningsandAvailableWorkersTotalopeningsstayednearrecordlevelsinOctoberaspeoplequitpositionsatastrongpace.1244minreadHeardontheStreetWorkersArePoisedtoTakeGreaterSliceofthePieThebalanceofpowerisshiftingfromcompaniestoworkers,butithasawaytogoyet.3minread◆WSJNewsExclusiveBeijingReinsInChina’sCentralBankThePeople’sBankofChinahasneverbeenpoliticallyindependentlikeaWesterncentralbank,butithasnonethelessenjoyedaspecialstatusinthenation’seconomichierarchy.Now,PresidentXiJinping’sshake-upofChina’sfinancialsectorisstrippingthataway.6minread ChinaChina’sFactory-GateInflationSoftensinNovemberChina’sfactory-gateinflationebbedinNovemberafterhittinga26-yearhigh,whicheconomistssaywillgivepolicymakersmoreroomforeasingtobolsteraslowingeconomy.3minreadBusinessPoliticalandBusinessLeadersShareViewsonCovid-19,Inflation,China,andBiden’sSocialandClimateBillTeslaFounderElonMusk, PfizerCEOAlbertBourlaandothersacrossindustriesspokeatTheWallStreetJournal’sCEOCouncilSummit.4minreadVideoKeySupply-ChainLinkFacesPerfectStormThisHolidayShoppingSeason2:36Watch:PowellSaysInflationFactorsWillLinger‘WellIntoNextYear’1:28TheRippleEffectsofAirlineProblemsforHolidayTravel5:27LatestFromEconomyJoblessClaimsAreStabilizingatPre-PandemicLevelsWorkerfilingsforunemploymentbenefitsareseensettlingatpre-pandemiclevelsasemployersarereluctanttolayoffworkersamidatightlaborsupplyintheU.S.2minreadU.S.BoostedOilandFoodExportsinOctober,astheTradeDeficitNarrowedAnincreaseinexportsofenergyandagriculturalcommoditiesoutpacedgrowthinimports,whichwererestrainedbyabacklogatU.S.ports.3minreadCompaniesPlanBigRaisesforWorkersin2022Companiesareplanningforsteeperwageincreasesnextyearthanatanypointsincethe2007-2009recession,accordingtoanewreport,amidatightlabormarketandthehighestinflationinthreedecades.5minreadDemocrats’MinimumTaxUnlikelytoVanish,SoBusinessesSeektoSoftenItsImpactPensionadvocates,renewable-energybackersandmanufacturersarepushingforchangesasCongressispoisedtopassanewcorporateminimumtaxoncompanieswithatleast$1billioninprofits.6minreadTaxRevenuesHeldUpEvenasEconomiesCrashedDuringPandemicGovernmenttaxrevenuesinrichcountriesroseasashareofeconomicoutputin2020,asjoblosseswereconcentratedinlow-wageemploymentandhigh-incomejobswerehitlesshard.4minreadHighInflation,FallingUnemploymentPromptedPowell’sFedPivotTheFedhasabruptlyshiftedpolicytoendapandemic-erastimulusprograminMarchratherthanbyJune,openingthedoortoraisinginterestratesnextspringratherthanlaterintheyeartocurbinflation.7minreadHigh-IncomeBusinessOwnersEscapeTaxDeductionCapCongressionalDemocratsaredebatingwhetherincreasingthe$10,000caponthestateandlocaltaxdeductionwouldbenefittherichtoomuch.Morethan20stateshavecreatedworkaroundstothelimit,andNewYork’slawfirmsandprivate-equityfirmsaresigningup.6minreadEconomyWeekAhead:Trade,Employment,InflationTheU.S.consumer-priceindex,outFriday,highlightsthisweek’seconomicdata.2minreadRetreatFromGlobalizationAddstoInflationRisksHigherinflationhasbeenblamedonsupply-chainbottlenecks,laborshortagesandtheeffectsoffiscalstimulus,butthereisanotherfactoratwork—ashiftawayfromglobalization.5minreadWagesShootUpinTravel,FoodandOtherIn-DemandIndustries.3minreadGainsinWorkforcePointtoLooseningofLaborMarketSlowerhiringiscloudingarecoverythatalsofacesnewCoviduncertainties.6minreadDecliningJoblessRateKeepsFedonTracktoAccelerateTaperTheFederalReservecouldactatitsmeetinglaterthismonth,pavingthewaytoraiseinterestratesinthefirsthalfofnextyeartocurbinflation.4minreadQuarlesSaysFedWillNeedtoRaiseRatestoCoolInflationTheFedgovernorsaiditwastimeforthecentralbanktopreparetoraiseinterestratesbecauseinflationwaslikelytostayabovetheFed’s2%targetforlongerthananticipated.2minreadLoadMore Follow@WSJEconSignUpforEconomyNewslettersandAlertsMostPopularNewsPfizerSaysBoosterNeutralizedOmicronbutVariantMayEludeTwoDosesAmazonOutageDisruptsLives,SurprisingPeopleAboutTheirCloudDependencyWhyWashingtonWon’tFixStudentDebtPlansThatOverloadFamiliesPhotosEmergeatTrialofMaxwellWithEpsteinCNNWon’tPayChrisCuomoSeveranceRecommendedVideosHowNASA’sNewTelescopeCouldSeeBacktotheFirstGalaxies05:58BusinessandPoliticalLeadersWeighInonVaccineMandates02:04ElonMuskOpposesInfrastructureSpending02:27BidenHostsDemocracySummitAmidTensionsWithChinaandRussia02:37ElonMuskonInfrastructureandWhatComesNextforTechInnovation37:43