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Fed’s Preferred Inflation Gauge Cooled Notably in November

Federal Reserve System Inflation (Economics) Interest Rates Powell, Jerome H Prices (Fares, Fees and Rates)

Fed’s Preferred Inflation Gauge Cooled Notably in November

A key inflation measure has been slowing and overall prices actually declined slightly from October, good news for officials and consumers.

By Jeanna Smialek

Angola to Quit OPEC in Dispute Over Oil Production Levels

International Relations Lourenco, Joao Oil (Petroleum) and Gasoline Organization of the Petroleum Exporting Countries Prices (Fares, Fees and Rates) Production Saudi Arabia

Angola to Quit OPEC in Dispute Over Oil Production Levels

Officials have been unhappy after the oil cartel, led by Saudi Arabia, pushed Angola and other countries to accept lower production ceilings.

By Stanley Reed

Choice Hotel Franchise Owners Push Back on Merger With Wyndham

Antitrust Laws and Competition Issues Budget Travel Choice Hotels International Inc Franchises Hotels and Travel Lodgings Mergers, Acquisitions and Divestitures Prices (Fares, Fees and Rates) Small Business Suits and Litigation (Civil) Travel and Vacations

Choice Hotel Franchise Owners Push Back on Merger With Wyndham

Franchisees are fighting Choice Hotels’ attempted takeover of its biggest rival, which would create a dominant player in the budget hotel sector.

By Lydia DePillis

G7 Tightens Enforcement of Oil Price Cap Amid Widespread Russian Evasion

Embargoes and Sanctions European Union Group of Seven International Relations International Trade and World Market Oil (Petroleum) and Gasoline Prices (Fares, Fees and Rates) Russia Russian Invasion of Ukraine (2022) Ships and Shipping United States

G7 Tightens Enforcement of Oil Price Cap Amid Widespread Russian Evasion

The Treasury Department announced new sanctions on oil shippers and traders that have been helping Russia circumvent price restrictions.

By Alan Rappeport