Chevron is buying Hess Corp. for $53 billion and it’s not even the biggest acquisition in the energy sector this month as major producers seize the initiative while oil prices surge. Crude prices rose sharply…
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Business
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Last Thursday the State Department advised travelers from the U.S. to “exercise increased caution” worldwide because of the Israel-Hamas war, citing “the potential for terrorist attacks, demonstrations or violent actions against U.S. citizens and interests.”…
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The United Auto Workers union expanded its strike against Detroit’s Big Three for the second consecutive day as members at a major General Motors manufacturing plant walked off the job. The union said 5,000 employees…
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The United Auto Workers union says it expanded its strike again Monday, as 6,800 people stopped working at a plant that makes Ram 1500 trucks. That means this expansion of the strike targets one of…
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Prosecutors in the criminal trial against FTX co-founder Sam Bankman-Fried compared one of the defense’s arguments to a scene in the 1994 film “Dumb and Dumber,” in which actor Jim Carrey says IOUs are “as good as…
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Business travel is clawing its way back to 2019 levels as Covid-19 concerns largely recede. But as tighter abortion restrictions and anti-LGBTQ laws proliferate, some employers and event organizers are weighing a new set of…
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U.S. pharmacy chain CVS Health said on Thursday it is pulling some of the most common decongestants with phenylephrine as the only active ingredient from its shelves and will no longer sell them. The move comes…
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A tough market for homebuyers keeps getting tougher as the combination of rising prices and climbing mortgage rates makes it even harder to afford a home, new data shows. In spite of these challenges, people…
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Delta Air Lines is trying to appease flyers who were angry about changes to its loyalty programs. But the company isn’t undoing the changes it announced last month. Starting next year, rewards will depend on…
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Business
Jerome Powell says inflation is still too high and lower economic growth is likely needed to bring it down
Federal Reserve Chairman Jerome Powell acknowledged recent signs of cooling inflation, but said Thursday that the slowing in price increases was not enough yet to determine a trend and that the central bank would be…