Powell Says Fed Is on Track to Raise Rates in Two Weeks
Federal Reserve Chairman Jerome Powell said he would propose a quarter-percentage point rate increase at the central bank’s meeting in...
BUSINESS News
Breaking Business News/Latest Business Updates/World Business News Update
U.S. Economy Grew Modestly Amid Omicron Surge, Fed Beige Book Says
The U.S. economy grew at a modest to moderate pace from mid-January through early February as the Omicron variant of...
Ralph Lauren Executive Howard Smith Resigns Over Personal Conduct
Howard Smith, chief commercial officer at Ralph Lauren Corp., has resigned and will step down from his role immediately, the...
Ford Creates Electric-Vehicle, Gas-Engine Divisions in Company Reshape
A robot works on a Ford pre-production all-electric F-150 Lightning truck prototype in Dearborn, Mich. Photo: REBECCA COOK/REUTERS Ford F...
U.S., IEA Agree to Release 60 Million Barrels From Oil Stockpiles Amid Ukraine Turmoil
The U.S. and other major oil-consuming nations said Tuesday they would release 60 million barrels of oil from their emergency...
Western Sanctions Bite Russian Economy, but Pose Unpredictable Risks
The conventional wisdom until last week was that sanctions had limited influence on a nation state, especially one as large...
Jeep Plans Line of Fully Electric SUVs
Jeep, a historic American brand that has long been known for its rugged sport-utility vehicles, plans to offer a line...
Target Profit Rises as Annual Revenue Crosses $100 Billion
Target Corp. TGT 0.28% reported strong sales gains in the holiday quarter, capping off a two-year pandemic run during which...
The West’s Sanctions Barrage Severs Russia’s Economy From Much of the World
Western nations dropped economic sanctions of historic scale on Russia that are hobbling its financial system and effectively reversing 30...
Lucid Slashes 2022 Vehicle-Production Target
Electric car maker Lucid LCID 9.98% Group Inc. cut its 2022 vehicle-production target, underscoring the twin challenges of global supply-chain...
Western Companies Pull Back From Russia in Response to Ukraine Invasion, Sanctions
BP PLC said Sunday it would exit its nearly 20% stake in Russian oil producer Rosneft, after pressure from the...
BP to Exit From Stake in Russia’s Rosneft Following Pressure From U.K.
British energy giant BP PLC said Sunday it will exit its nearly 20% stake in Russian government-controlled oil producer Rosneft...
Russia Sanctions Over Ukraine Largely Spare Energy Sector, Vital to Europe
The West is rolling out increasingly tough sanctions on Russia but it is going out of its way to preserve...
Global Air Travel Is Disrupted by Russian Invasion of Ukraine
Competing aviation sanctions and the narrowing of airspace available for commercial travel over Russia and Eastern Europe are adding strain...
Facebook, Apple and Other Tech Giants Face Rising Pressure Over Ukraine
U.S. tech giants are under pressure from both Russia and the West to respond to the conflict in Ukraine, highlighting...
A New Brand of Sticker Shock Hits the Car Market
How hard is it to buy a car today? For Kevin Peters, it recently involved a one-way flight and 330-mile...
Discovery to Name Chris Licht to Run CNN
Discovery Inc. has tapped producer Chris Licht to lead CNN after it takes over the cable-news channel, according to people...
Sperm Banks Struggle to Recruit Black Donors and Other Donors of Color
A few years after her marriage broke up, Aisha Jenkins started thinking about having a baby on her own. She...
Covid-19 Booster Shots Are Slowing as Omicron Surge Fades
Fewer people are getting vaccine booster shots in the U.S. as the Omicron Covid-19 surge fades and more Americans return...
Why All Those EV-Battery ‘Breakthroughs’ You Hear About Aren’t Breaking Through
In the superheated market for batteries, promising lab developments often get overhyped by startups. “Liar, liar, battery supplier.” Source link
