U.S. Retail Sales Grew 0.3% in February
Americans kept up retail spending in February but at a slower pace than the prior month, as they faced high...
financial market news
Rio Tinto Offers $2.7 Billion for Remaining Stake in Turquoise Hill
Rio Tinto PLC offered to pay roughly $2.7 billion to buy out minority shareholders in Canada’s Turquoise Hill Resources Ltd.,...
Biden Bans Imports of Russian Oil, Natural Gas
The U.S. is banning imports of Russian oil, President Biden said, targeting the lifeblood of Moscow’s economy as the West...
Oil CEOs, Biden Officials Warn Oil Volatility Is Here to Stay
HOUSTON—The chief executives of some of the world’s largest oil companies and U.S. government officials warned Monday that there were...
Oil Industry Contemplates World Without Russian Crude
As oil prices shoot to levels unseen since before the 2008 financial crisis, the energy industry is asking a previously...
Strong Hiring, Low Unemployment Point to Economy Making Post-Pandemic Pivot
The U.S. labor market is pivoting toward a post-pandemic world, with a steady stream of adults joining the labor force...
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...
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...
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...
Truckers Face Further Fuel Price Increases on Crude Markets Volatility
Trucking companies already coping with higher fuel costs are bracing for further increases in prices for diesel as Russia’s invasion...
Russian Invasion Scrambles Prospects for Global Economy
Russia’s invasion of Ukraine heaped fresh risks on a global economy struggling with soaring inflation, supply-chain snarls and a rocky...
Frackers Push Into Once-Dead Shale Patches as Oil Nears $100 a Barrel
Spurred by the highest oil prices in years, shale companies are moving drilling rigs back into oil fields that were...
Fed Officials Lean Against Expectations of Half-Point Increase in March
Federal Reserve officials pushed back Friday against the prospect that they would begin raising interest rates next month with a...
GE Warns Supply-Chain Issues to Pressure Profits, Cash Flow
General Electric Co. warned that supply-chain problems, labor shortages and inflation would weigh on its financial results in the first...
Why High Gasoline Prices Could Stick Around for a While
Americans are paying about twice as much for gasoline now as they were early in the Covid-19 pandemic. And the...
Justice Department Says It Seized $3.6 Billion Worth of Bitcoin Stolen in 2016 Hack
WASHINGTON—The Justice Department said Tuesday it seized over $3.6 billion worth of digital currency stolen during a hack of a...
Starbucks Sales Rise as Cost Pressures Increase at the Coffee Chain
Starbucks Corp. SBUX 0.45% said rising costs of supplies and wages will continue to weigh on the coffee giant’s profit...
Stock Market Jitters Don’t Endanger Economy Yet
The past few weeks of stock market turmoil don’t mean the economy is about to be derailed, but rather that...
Chevron Rakes in $15.6 Billion in Annual Profits as Oil Prices Climb
Chevron Corp. had its most profitable year since 2014, reporting Friday that it earned $15.6 billion in net income in...
SoftBank COO Marcelo Claure to Leave as Stock Hits a Rough Patch
SoftBank Group Corp. 9984 2.20% said Chief Operating Officer Marcelo Claure, who helped clean up problems at the firm’s investments...
