Time: Business

U.S. inflation decelerated in July by more than expected, reflecting lower energy prices, which may take some pressure off the Federal Reserve to continue aggressively hiking interest rates.

Nick Clegg, Meta Platforms Inc.’s president of global affairs, has become the latest top executive from the social media giant to relocate to London.

China’s steel industry is entering a precarious new era as a worsening property crisis imperils demand and Beijing’s construction-led growth model looks increasingly untenable.

Bloomberg — The last time inflation burned hot, consumers could put money in the bank and watch it grow like the prices on store shelves, easing much of the pain.

Oil companies swam in record profits over the last few months at a time when Americans struggled to pay for gasoline, food, and other basic necessities.