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Biden Accuses Oil Companies of ‘War Profiteering’ and Threatens Windfall Tax

Biden, Joseph R Jr Midterm Elections (2022) Oil (Petroleum) and Gasoline Prices (Fares, Fees and Rates) Russian Invasion of Ukraine (2022) United States Politics and Government

Biden Accuses Oil Companies of ‘War Profiteering’ and Threatens Windfall Tax

The president has been eager to redirect public anger over gas prices as Democrats try to keep power in Congress in the midterm elections.

By Peter Baker and Clifford Krauss

US Extends Enforcement of Sanctions on Russian Oil Deliveries to January

Biden, Joseph R Jr Embargoes and Sanctions Europe European Union Group of Seven International Relations International Trade and World Market Oil (Petroleum) and Gasoline Prices (Fares, Fees and Rates) Production Russia Russian Invasion of Ukraine (2022) United States

US Extends Enforcement of Sanctions on Russian Oil Deliveries to January

No decision has been made on the price of the oil cap, which will take effect in five weeks.

By Alan Rappeport

As inflation bites, Japan says it will help with electricity bills.

Economic Conditions and Trends Electric Light and Power Inflation (Economics) Japan Russian Invasion of Ukraine (2022)

As inflation bites, Japan says it will help with electricity bills.

Japan is the latest country to turn to enormous fiscal relief as it seeks to reduce the impact of geopolitical instability and rampant inflation.

By Ben Dooley

Ford Lost Money in the Third Quarter as Costs Surged

Company Reports Electric and Hybrid Vehicles Ford Motor Co Prices (Fares, Fees and Rates) Production Russian Invasion of Ukraine (2022) Stocks and Bonds

Ford Lost Money in the Third Quarter as Costs Surged

The automaker is struggling with supply chain problems and wrote off its investment in a self-driving technology business.

By Neal E. Boudette