High prices and growing demand have helped U.S. oil producers take in record profits despite global efforts to spur greater use of renewable energy and electric cars.
Category: United States Economy
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Fed’s Powell Welcomes Cooler Inflation but Steers Clear of Rate Cut Timing
Jerome H. Powell, the chair of the Federal Reserve, avoided signaling when the Fed would cut rates at a time when some economists are wondering why officials would wait.
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Biden Policies Offer Benefits, but Little Political Payoff, in Pennsylvania
As inflation worries dominate, the Biden administration is struggling to take credit for infrastructure and industrial policy in the battleground state.
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Republican Party Rejects Free-Market Economics in Favor of Trump’s Signature Issues
The Republican Party is rejecting elite economic ideas in a bid for blue-collar votes, abandoning long-held free-market principles in the process.
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JPMorgan and Wells Fargo Earnings Show Toll of Inflation
JPMorgan and Wells Fargo reported that overall deposits dropped. At Wells Fargo, a core measure of profitability sank.
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Fresh inflation data is expected to show continued cooling.
The Federal Reserve is watching inflation figures as it contemplates when to lower interest rates, and could receive positive news Thursday.
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Fresh Inflation Data Are Expected to Show Continued Cooling
The Federal Reserve is watching inflation figures as it contemplates when to lower interest rates, and could receive positive news Thursday.
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Reliability of U.S. Economic Data Is in Jeopardy, Study Finds
A report says new approaches and increased spending are needed to ensure that government statistics remain dependable and free of political influence.
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Fed Chair Powell Welcomes Cooling Inflation
Jerome H. Powell, the chair of the Federal Reserve, delivered optimistic remarks to Senators as inflation and the job market slow gently.
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Biden Administration Rule Would Increase Authority to Block Foreign Deals
The Committee on Foreign Investment in the United States proposed a rule that would make it harder for foreigners to buy land near military bases.
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Boeing Agrees to Plead Guilty to Felony in Deal With Justice Department
As part of the deal, stemming from fatal 737 Max crashes in 2018 and 2019, the company agreed to pay a fine of nearly half a billion dollars and strengthen its safety programs.