Economy Week Ahead: U.S. Consumers, Fed Testimony, China GDP

Inflation pressures, both recorded and anticipated, take center stage in the coming week's economic calendar. 


 
Biden Stakes Out Position in Debate Over Power of Big Companies

A body of academic research shows the U.S. economy has become less competitive as power swells in large firms, but not everyone agrees. 


 
Biden Order Opens New Front in Battle With Big Tech

The president's sweeping new executive order to spur competition targets big tech companies in ways that could fundamentally alter how they do business. 


 
Major Indexes Close at Record Highs

A Friday rally in the Dow put the index in positive territory for the week along with the S&P and Nasdaq. 


 
Lawmakers to Determine Fate of Infrastructure, Antipoverty Plans

Senators return to Washington this week with trillions of dollars of spending proposals on the line. 


 
Higher Inflation Is Here to Stay for Years, Economists Forecast

Americans should brace themselves for several years of higher inflation than they've seen in decades, according to economists who expect the robust post-pandemic economic recovery to fuel brisk price increases for a while. 


 
Global Tax Deal Heads Down Perilous Path in Congress

The Biden administration negotiated a global tax agreement with 130 countries. Getting it through Congress will be tricky. 


 
Big Stock-Market Rotation Is Under Way, With Tech on Top

After languishing for months, the group has staged a resurgence with several tech behemoths hitting records in recent sessions. 


 
Tax Deal Is Advance for Cooperation, but Tough Tasks Remain

While the world's largest economies look past tensions to seal an ambitious tax deal, other common problems such as climate change demand more difficult compromises. 


 
Biden Targets Big Business in Sweeping Executive Order to Spur Competition

Plan encourages federal agencies to adopt policies that push back against corporate consolidation and practices that the White House says stifle competition and lead to higher prices and fewer product choices.

(END) Dow Jones Newswires

07-11-21 2115ET