Stocks Rise, Recouping Some Losses After Selloff 

U.S. stocks resumed the see-saw action that has become the signature of markets since the emergence of the Omicron Covid-19 variant. European and Asian shares and oil prices also gained.

U.S. current account deficit widens sharply in the third quarter 

The U.S. current account deficit widened 8.3% to $214.8 billion in the third quarter, the Commerce Department said Tuesday.

As Omicron Takes Over in the U.S., More Curbs World-Wide 

New travel restrictions and other steps to curb the spread of the Omicron variant were put in place world-wide as further evidence emerged of just how rapidly the new strain spreads.

As Inflation Rises, Cost-of-Living Raises Gain Popularity 

Higher prices, a worker shortage and a revitalized labor movement are bringing about the return of pay increases tied to inflation, known as cost-of-living adjustments, or COLAs.

Turkey Rolls Out Economic Rescue Plan, Reversing Lira Spiral 

Turkey's currency mounted a dramatic, partial reversal from a monthslong collapse after President Recep Tayyip Erdogan announced a rescue plan to encourage Turks to put their money back into the lira.

Booming U.S. Economy Ripples World-Wide 

The force of the American expansion is inducing overseas companies to invest in the U.S., betting that the growth is still accelerating and will outpace other major economies.

Wall Street Had a Red-Hot Year, But Can It Last? 

Wall Street has enjoyed a second straight year of feverish revenue growth. As 2022 approaches, however, big banks face a major challenge in maintaining that torrid pace of business.

German Consumer Confidence to Fall on Inflation and Omicron Fears 

Consumer sentiment in Germany is expected to deteriorate noticeably in January due to pressure from high case numbers from the fourth wave of the coronavirus pandemic with further restrictions, as well as significantly increased prices, said GfK.

Religion Apps Attract Wave of Venture Investment 

Faith-based apps are benefiting from a sharp rise in venture-capital funding as more people turn to them for a sense of community, particularly during the Covid-19 pandemic, startup founders and investors say.