So much for transitory. US prices rose by 7% in 2021, the highest gain for nearly 40 years. Remember: The Federal Reserve’s target for inflation is 2%, a fact that gets less attention than it used to, back when “hawks” and “doves” were measuring deviations in tenths of a percentage point. It’s an enormous overshoot, and some of it is ...

  Bloomberg US aviation regulators say they’ve made progress reducing the risk of flight disruptions from new 5G service that’s set to start January 19, but at the same time they’ve issued almost 1,500 orders limiting flight operations across the country. The Federal Aviation Administration expects to provide information soon on what percentage of aircraft will be subject to the ...

  Bloomberg Boeing Co’s 737 Max is poised to resume commercial flights in China as soon as this month, according to people familiar with the matter, a significant milestone for the narrow-body workhorse after it was grounded worldwide in 2019. A so-called operational readiness flight conducted by Hainan Airlines on January 9 is a sign the model could return to ...