OPEC+ Ministers Stick to Cutting Plan Amid Oil-Demand Uncertainty
A panel of energy ministers said the group of petrostates would continue cutting oil production, amid uncertainties about demand in...
international relations
WSJ News Exclusive | Janet Yellen Dismisses Minting $1 Trillion Coin to Avoid Default
Treasury Secretary says the Federal Reserve likely wouldn’t accept a platinum coin if one were minted in an effort to...
Janet Yellen Says Treasury Can’t Prevent Default if U.S. Breaches Debt Limit
PoliticsMissing a payment on any government obligation would constitute default, Treasury secretary says Source link
Crypto Platform Bitzlato Charged With Laundering More Than $700 Million of Illicit Money
U.S. authorities designated cryptocurrency exchange Bitzlato Ltd. as a primary money-laundering concern and charged its founder for allegedly facilitating money...
IMF Warns Unraveling Economic Ties Could Shrink Global Output
The lender warned of declines due to rising trade, migration and investment barriers. Source link
Europe’s Mild Winter Cushions Economic Blow of Ukraine War
Russia’s economic war with the West looks set to claim a much smaller toll on Europe than the brutal recession...
U.S., Allies Prepare Fresh Sanctions on Russian Oil Industry
Treasury officials are in Europe this week discussing price caps that go into effect next month. Source link
GOP House Takes First Swipe at IRS Money
PoliticsFirst legislation from new Republican majority would rescind billions in funding for tax agency Source link
New Alzheimer’s Drug Leqembi Will Be Out of Reach for Most Patients
HealthMedicare won’t pay for medicine under rule issued to restrict use of earlier drug whose approval generated controversy Source link
Hiring, Wage Gains Eased in December, Pointing to a Cooling Labor Market in 2023
Employers added 223,000 jobs in December, the smallest gain in two years Source link
Elon Musk’s Twitter Says It Plans to Expand Political Ads Allowed on Platform
TechPolitical advertising was largely banned in 2019 under then-CEO Jack Dorsey Source link
Retiring Fed President Challenged the Consensus Inside Central Bank
The Federal Reserve is set to lose one of its more diligent skeptics when Esther George, president of the Federal...
U.S. Moves to Appease Allies on EV Subsidies
BusinessAutos & TransportationAutos IndustryElectric vehicles assembled outside North America could qualify for subsidies if purchased for lease by businesses Source...
FCC Set to Gain More Power Over Prison Phone Call Rates
The federal regulator will have more power to tackle what it has called excessive charges for inmates making in-state phone...
After a Bumpy Year, Renewable Energy Looks Poised for Boom Times
The future has never been brighter for renewable energy, as some of the snags that kept wind and solar production...
Russia Bans Sales of Oil to Countries Imposing Price Cap
The action follows moves by the Group of Seven nations barring Western companies from insuring, financing or shipping Russian crude...
Millions of Student Loan Holders Face Debt Forgiveness Uncertainty in 2023
U.S.Supreme Court will hear challenge to President Biden’s loan-cancellation plan in February Source link
WSJ News Exclusive | IRS Delays Gig-Tax Filing Rule for Side Hustles of More Than $600
The Internal Revenue Service gives millions of Americans a one-year reprieve on new 1099-K tax-reporting requirements, offering relief to users...
Consumer Spending Tapered Off Ahead of the Holidays
Households boosted spending on services while cutting outlays on goods, including autos. The outlook for the holiday-shopping season remains murky....
Senators Close In on Passing Omnibus Bill After Reaching Deal on Title 42 Votes
PoliticsHouse plans to quickly pass $1.65 trillion package once it clears Senate Source link
