The U.S. economy shrank at a 1.4% annual rate in the first quarter, its first contraction since early in the pandemic
Airlines, gas stations and retailers use complex algorithms to adjust their prices in response to cost, demand and competition. WSJ’s Charity Scott explains what dynamic pricing is and why companies are using it more often. Illustration: Adele Morganin the first quarter as supply disruptions weighed on the economy, though solid consumer and business spending suggest growth will resume.
The decline in U.S. gross domestic product marked a sharp reversal from a 6.9% annual growth rate in the fourth quarter, the Commerce Department said Thursday. The drop also marked the weakest quarter since spring 2020, when the Covid-19 pandemic and related shutdowns drove the U.S. economy into
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