Oil prices strengthened on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai, which could bolster demand in an already tight market.
Oil prices inched higher on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai.
Oil prices rose on Wednesday after European Union leaders agreed to a phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai, which could bolster demand in an already tight market.
China's army of metal processors and traders has flipped from buyers to sellers amid a sharp downshift in economic activity in the world's top manufacturer, heralding a potential warning sign for steel, aluminium and other key industrial commodities.
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U.S. Treasury Secretary Janet Yellen said taming price hikes is President Joe Biden's top priority and he supports the Federal Reserve's actions to achieve that.
The U.S. Federal Aviation Administration (FAA) will grant a shorter regulatory compliance program extension to Boeing than the planemaker sought, so it can ensure the company implements "required improvements," the agency said on Tuesday.
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Dealmakers at Simpson Thacher & Bartlett are riding high.
As of 2021, 64% of households found themselves in this category.
K-pop supergroup BTS 'devastated' by US hate crimes
President Joe Biden is planning a media blitz to lift his sagging opinion poll numbers before November's congressional election, promoting his management of America's recovery from the coronavirus pandemic and efforts to cool spiraling inflation.
Netflix is testing a plan to crack down on password sharing in three South American countries, but the rollout of the plan is anything but smooth.
Disney has been receiving complaints about the coaster since April, when it first let passengers test the ride.
Mexico bans sales of 'harmful' e-cigarettes
Global chip shortage likely to last through 2023: US official
Consumer confidence in the U.S. economy dipped slightly in May as more Americans continue to express pessimism about inflation's toll on business conditions.
The timing of Warren Buffett's recent investment in Citigroup Inc was not known in advance by the U.S. lender, Chief Executive Jane Fraser said on Tuesday.
Global regulators said on Tuesday they will complete work by year end on how much capital banks should hold to cover cryptoassets on their books.
Last week, the Chinese Ambassador to the US Qin Gang added fuel to the cold war between the world's two largest economies, warning of a "malicious confrontation" between Beijing and Washington, which would lead to dangerous consequences.
Iran says IAEA report on undeclared sites 'not fair'
U.S. consumer confidence eased modestly in May as persistently high inflation and rising interest rates force Americans to become more cautious about buying big ticket items, including motor vehicles and houses, which could curtail economic growth.
New Apple museum opens in former Warsaw factory
The top four richest people in the world have all suffered billions in losses in the first five months of the year.
Canada's economy grew at an annualized rate of 3.1% in the first quarter, missing expectations but in line with central bank projections, while real GDP climbed 0.7% in March and likely rose 0.2% in April, Statistics Canada data showed on Tuesday.
Russians edge closer to taking key Ukrainian city
From oil to assets, Western sanctions target Russian economy
U.S. President Joe Biden and Federal Reserve Chair Jerome Powell met on Tuesday to discuss historic inflation that is draining Americans' pocketbooks.
U.S. President Joe Biden will meet Federal Reserve Chair Jerome Powell on Tuesday as historic inflation continues to drain Americans' pocketbooks.
