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Economic News
Saudi oil giant Aramco announces $121 billion profit last year, down from 2022 record
FILE - Storage tanks are seen at the North Jiddah bulk plant, an Aramco oil facility,…
Slow US Inflation Retreat Is Set to Bolster Fed Patience on Rate Cuts
(Bloomberg) -- Inflation in the US probably abated only gradually last month and retail…
Petrobras Team Goes to Venezuela Despite Oil Sanctions Threat
(Bloomberg) -- Brazilian state-controlled oil giant Petrobras sent a team of production…
Violence is battering Haiti’s fragile economy and causing food and water shortages
PORT-AU-PRINCE, Haiti (AP) — Rotting fruit, withered vegetables, empty water jugs and…
California Investigates Potential Offshore Oil Spill Near LA
(Bloomberg) -- California officials are investigating a potential oil spill south of…
Program that brought Ukrainians to North Dakota oil fields ends
BISMARCK, N.D. (AP) — An oil and gas trade group has ended a recruitment program that…
Biden calls out ‘shrinkflation’ as part of a broader strategy to reframe how voters view…
WASHINGTON (AP) — President Joe Biden is going all-in on calling out…
BOE and Fed Wrong to Start Rate Hikes Before QT, BOE Paper Says
(Bloomberg) -- The Bank of England and the Federal Reserve were wrong to raise interest…
Fed gets another reason not to rush on rate cuts
By Ann Saphir and Howard Schneider(Reuters) - Federal Reserve policymakers weighing…
Germany’s federal prosecutor investigates Tesla arson attack
FRANKFURT (Reuters) - Germany's federal prosecutors office has taken over the…