Economy

Chris Wright doesn't rule out $5 gas as Iran war strains global fuel supply

Energy Secretary Chris Wright did not rule out the possibility of gas reaching over $5 per gallon due to the Iran war, saying he is “avoiding price predictions.”

Trump tariff refunds are happening

Business owners may have to wade through paperwork, but the US government is now actually processing refunds

‘Degree of complacency’: are supply chains prepared for impact of ongoing Iran war?

The economic warnings are bleak, but full extent of shortages are still not felt for many European countries

Advisers urge JP Morgan investors to vote to split chair and CEO positions

ISS and Glass Lewis back shareholder resolution amid fears over power wielded by Jamie Dimon, who holds both roles

Target is trying to win back busy families from Walmart, starting with the baby aisle

Target is refreshing its baby category as part of a broader effort to offer better products and more convenience to compete with Walmart and Amazon.

Retailers are on a hiring spree. But consumers are sending warning signs

The retail trades added nearly 22,000 jobs in April, accounting for about one-fifth of total job growth.

Saudi Aramco profits jump despite conflict in Middle East

Saudi Arabia’s state oil company’s profits up 26% to £26.9bn in first three months of year

Global week ahead: Crude diplomacy casts shadow over Trump-Xi summit

A quiet power play to build up strategic oil reserves changes the energy dynamic between China and the U.S. ahead of the Beijing summit in May.

Saudi Aramco Q1 profit jumps 26% as key pipeline reaches capacity amid Iran war

Aramco says its East-West pipeline has helped to mitigate the energy shock caused by the Iran war.

S&P 500 Extends Winning Streak to 6 Weeks. What Drove the Stock Market Gains

Investors cheered positive earnings, economic data, and a high-profile AI partnership.

Oil-based products are everywhere, from fertilizer to fashion. What are the alternatives?

Substituting the petrochemicals that underpin everyday life is challenging, but there are ways to produce what we need without fossil fuels.

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