Wages Continue to Grow, Good for Workers but a Worry for the Fed

Wages Continue to Grow, Good for Workers but a Worry for the Fed

Wages and salaries for workers rose 5.1 percent from a year earlier, which helps employees keep up with the rising cost of living but complicates the Federal Reserve’s efforts to tamp down inflation.
Exxon and Chevron Report More Modest Profits as Oil Prices Ease

Exxon and Chevron Report More Modest Profits as Oil Prices Ease

The oil industry enjoyed record profits in 2022 after Russia invaded Ukraine, but the prices of oil and natural gas have fallen sharply in recent months.