Stocks Fall Following Inflation Data Report

The increase in the June consumer-price index surprised investors and analysts 


 
Infrastructure Deal's Revenue Hopes Raise GOP Concerns

At least 10 Republicans would need to join every Democrat for a bipartisan pact to pass the Senate, but some are questioning whether the plan's cost would be fully covered. 


 
Fed Officials Say Punitive U.S. Legal System Is Hampering Economy

Some regional Federal Reserve officials say the U.S. criminal-justice system is so punitive, it is preventing the economy from reaching its full potential. 


 
SPACs Are Helping Tougher Renewable Businesses Find the Light

SPAC investors looking for a solid business case will find it here. Those looking for stratospheric growth might not. 


 
Budget Deficit Narrowed in First Nine Months of Fiscal Year

The Treasury Department said revenue rose 35%, to $3.1 trillion, from October through June compared with a year earlier. 


 
Cargo Owners Applaud White House Order on Competitiveness

The support from shippers is in stark contrast to opposition from freight carriers, who say the Biden administration is providing "misguided direction." 


 
U.S. Covid-19 Case Counts Have Doubled in Recent Weeks

Public health officials and epidemiologists said the rise is being driven by the Delta variant, summer socializing and younger, unvaccinated people. 


 
Yellen Says EU Delay on Digital Tax Helps Global Corporate-Tax Deal

The Treasury Secretary thanked European officials for delaying a controversial tax on digital services, saying negotiations on a proposed global minimum corporate tax should clarify what levies might be allowed. 


 
OPEC Spat Spotlights Saudi Arabia's Struggle to Kick Oil Dependency

As the world's top crude exporter seeks to maintain growth and generate jobs, the kingdom is redoubling its commitment to hydrocarbons and veering away from greener energy sources. 


 
Record Natural Gas Prices Give Power Markets a Jolt

A scramble for natural gas is creating pockets of scarcity in the global market, boosting prices for the fuel and for the electricity generated by burning it.

(END) Dow Jones Newswires

07-13-21 2115ET