OPEC+ meets omicron: New variant clouds oil supply decision
WASHINGTON — OPEC and allied oil-producing countries meet today under the spikey shadow of a new COVID-19 threat, with uncertainty over the omicron variant’s impact…
AP Wire
Powell: Fed ‘not at all sure’ inflation will fade next year
WASHINGTON — In a fresh sign of his growing concerns about inflation, Chair Jerome Powell said today that the Federal Reserve can’t be sure that…
GM venture to build North American battery chemical plant
DETROIT — General Motors is forming a joint venture with Posco Chemical of South Korea to build a North American battery materials plant as it…
Capital One drops all overdraft fees, latest bank to do so
NEW YORK — Capital One said today that will get rid of all overdraft fees, the latest bank to do so this year and one…
US manufacturing activity grows in November
SILVER SPRING, Md. — U.S. manufacturing activity grew at a faster pace in November as companies try to keep up with demand amid ongoing supply…
ExxonMobil lifts spending on emission reduction plan to $15B
ExxonMobil says it is boosting its spending on greenhouse gas emission-reduction projects to $15 billion during the next six years and anticipates meeting its 2025…
Omicron unravels travel industry’s plans for a comeback
Tourism businesses that were just finding their footing after nearly two years of devastation wrought by the COVID-19 pandemic are being rattled again as countries…
Powell’s warning: Fed to tighten credit faster than expected
WASHINGTON — Federal Reserve Chair Jerome Powell took a sharp and unexpected turn Tuesday toward tightening credit for consumers and businesses in the face of…
U.S. home prices register 19.1% annual gain in September
WASHINGTON — U.S. home prices rose briskly in September, another sign that the housing market is booming in the aftermath of last year’s coronavirus recession….
Powell’s warning: Fed to tighten credit faster than expected
WASHINGTON (AP) — Federal Reserve Chair Jerome Powell took a sharp and unexpected turn Tuesday toward tightening credit for consumers and businesses in the face…