That was almost three times as much as what businesses producing and refining oil in the United States made in the same period in 2025.
Category: Inflation (Economics)
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U.S. Oil Industry Earned Over $130 Billion in Profit During Iran War
The New York Times – Business: -
High Prices Haunt Trump and the GOP on Eve of the Midterms
The New York Times – Business:A backlash over high prices helped Republicans capture a majority in 2024. Now, it may be the source of the party’s own undoing.
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Why the Markets Don’t Care About the Midterms
The New York Times – Business:Factors like inflation, interest rates, A.I. and the war with Iran are far more important, our columnist says.
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U.S. GDP Increased 3.4% in Third Quarter
The New York Times – Business:Spending by A.I. companies and consumers powered gross domestic product growth in the third quarter. The economy grew 3.4 percent, the fastest pace in a year.
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Inflation Accelerated in October, PCE Index Shows
The New York Times – Business:The Personal Consumption Expenditures index picked up in September, according to data released a day after the Federal Reserve’s decision to hold interest rates steady.
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Christine Lagarde to Step Down as President of European Central Bank
The New York Times – Business:Her plan to depart in February, months before the end of an eight-year term, sets in motion a selection process among European leaders for a new central bank president.
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In Moving Gradually, Fed Risks Having to Play Catch-Up to Quell Inflation
The New York Times – Business:Federal Reserve officials are expected to restart rate increases in December, but the cadence of additional moves will depend on the data.
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Fed Holds Rates Steady Despite Lack of Progress on Inflation
The New York Times – Business:Kevin M. Warsh, the chairman of the Federal Reserve, said an “information-rich” period before the central bank’s gathering in December will help officials determine next steps for policy.
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How the Fed’s Interest Rate Decision Affects Credit Cards, Loans and More
The New York Times – Business:The Federal Reserve is widely expected to leave its benchmark rate untouched, but a December hike could make holiday borrowing more costly.
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The Federal Reserve Will Release Its Interest Rate Decision Today. Here’s What to Watch.
The New York Times – Business:The central bank is widely expected to hold interest rates steady on Wednesday, just days before the midterm elections.
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A Punishing Housing Market Is Squeezing Renters
The New York Times – Business:Higher mortgage rates and slowing residential construction are again giving landlords the upper hand.
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The Fed Is Expected to Hold Rates Steady. Warsh Will Have to Explain Why.
The New York Times – Business:Inflation is moving in the wrong direction and the labor market remains stable, a combination that bolsters the case for higher interest rates.