Russia said on Friday U.S. “narco-terrorism” charges against Venezuelan President Nicolas Maduro were absurd, adding that sanctions on Caracas could become “a tool of genocide” amid the coronavirus outbreak. The Continue Reading
The U.S. House of Representatives on Friday approved a $2.2 trillion aid package – the largest in American history – to help people and businesses cope with the economic downturn Continue Reading
A U.S. recession may already be underway. Could it be worse? The Great Depression that began with a stock market crash in 1929 and lasted until 1933 scarred a generation Continue Reading
The dollar edged higher on Friday but remained on track for its biggest weekly decline in four years, as trillions of dollars worth of stimulus efforts by governments and central Continue Reading
U.S. consumer sentiment dropped to near a 3-1/2-year low in March as the coronavirus epidemic upended life for Americans, and consumer spending was sluggish in February, strengthening economists’ expectations of Continue Reading
The oil industry’s meltdown is accelerating as explorers shut down scores of drilling rigs across the U.S. in response to cratering crude prices and expanding supply gluts. Oil companies idled 40 Continue Reading
U.S. retail gasoline dropped below $2 a gallon for the first time since March 2016, before President Trump was elected. The average pump price fell to $1.99 per gallon Friday, retail tracker GasBuddy said. Continue Reading
The President of the United States has the power, at his sole discretion without any other authority, to place a fee on imported oil or products. It becomes variable when Continue Reading
President Trump ordered General Motors Co. to sharply ramp up the production of ventilators to treat coronavirus patients, turning to a wartime presidential power that he had been reluctant to Continue Reading
The Trump administration is preparing to suspend collection of import tariffs for three months to give U.S. companies financial relief amid the coronavirus pandemic, according to administration officials. “Customs duties Continue Reading
As Jerry Ed Roth prepared for heart surgery this month, doctors told the former theater director that the procedure might buy him a couple extra years for his life. Late Continue Reading
A second wave of coronavirus cases is charting a path far from coastal Washington State, California, New York and New Jersey, and threatening population centers in America’s middle. Emerging hot Continue Reading
Electric Reliability Council of Texas wholesale spot power prices have jumped higher than the five-year March average high as parts of the state hit 90-degree weather more than a month Continue Reading
The US on Thursday again extended a waiver allowing Iraq to import Iranian electricity and natural gas despite US sanctions, Morgan Ortagus, a State Department spokeswoman, said in a statement. Continue Reading
Chinese President Xi Jinping told U.S. President Donald Trump during a phone call on Friday that he would have China’s support in fighting the coronavirus, as the United States faces Continue Reading
The 1918 flu hit the United States in three waves — a mild outbreak in the spring, the deadliest wave in the fall and a final spike when the virus Continue Reading
The official count of coronavirus infections in the United States sits at about 70,000 cases, but a chronic shortage of tests means only a fraction of the people infected are Continue Reading
China is sending doctors and medical supplies to Italy and other countries that have been hit hard by the coronavirus. WSJ’s Eric Sylvers in Milan explains how China is using Continue Reading
The US has overtaken China to become the country with the largest number of confirmed coronavirus cases in the world, with 81,943 Americans now testing positive for Covid-19. State-by-state figures published Continue Reading
Life is about making difficult decisions in the context of uncertainty, and we hope this model will help you appreciate the trade-offs — and the significance of sustained efforts for Continue Reading
If any company is bracing for the shock of falling U.S. auto sales, it’s got to be Group 1 Automotive. The company owns and operates 186 auto dealerships along with Continue Reading
Demand for gasoline in the United States fell by 859,000 bpd, the Energy Information Administration (EIA) said in its weekly petroleum status report . According to Reuters, this is the Continue Reading
Ford is aiming to restart production at some of its North American plants as early as April 6, the company said Thursday. Ford said it is planning to resume production Continue Reading
U.S. electric carmaker Tesla Inc ( TSLA.O ) plans to slash on-site staff at its Nevada battery plant by around 75% due to the coronavirus pandemic, the local county manager Continue Reading
The Environmental Protection Agency on Thursday abruptly waived enforcement on a range of legally mandated public health and environmental protections, saying industries could have trouble complying with them during the Continue Reading
The White House had been preparing to reveal on Wednesday a joint venture between General Motors and Ventec Life Systems that would allow for the production of as many as Continue Reading
The record 3.3 million jobless claims reported Thursday mark the beginning of an economic crisis facing American workers and businesses — a slump, experts say, that will only end when Continue Reading
The Grand Princess cruise ship docked at Oakland, Calif., after two men who were on the coronavirus-stricken cruise ship died from the virus. (Ben Margot/AP) The cruise industry, particularly Carnival-owned Continue Reading
President Donald Trump wants America to get back to business by Easter, suggesting some efforts to slow the spread of coronavirus outbreak will no longer be needed by then, but Continue Reading
President Donald Trump wants the country open for business by mid-April, but some experts warn it’s not as easy as flipping a switch: Economies run on confidence, and that is Continue Reading
A stimulus agreement has finally been reached. The package would provide $2 trillion in funding, allocated directly to the White House’s plan which includes purchasing 77 million barrels of oil Continue Reading
There was hope among some climate activists in the U.S. that the federal stimulus to address Covid-19 might be the moment to both heal the economy and advance a long-overdue transition to clean energy. Whatever they’d envisioned, Continue Reading
The US is urging Saudi Arabia to back off its oil price war with Russia, with Secretary of State Mike Pompeo calling Crown Prince Mohammed bin Salman on Tuesday. The Continue Reading
US Secretary of State Michael Pompeo is applying verbal pressure to Saudi Arabia, encouraging the Middle Eastern country who started the oil price war to “rise to the occasion” and Continue Reading
Mexicans on Wednesday feared measures to contain the coronavirus outbreak would lead to widespread looting after criminals robbed stores that were closed and posted calls on social media for people Continue Reading
Retailers are suspending and canceling clothing orders, threatening millions of factory jobs in Asia just as China shows signs of recovering from the worst of the coronavirus outbreak. Among the Continue Reading
The Trump administration is pushing ahead with drilling lease sales as oil prices plummet and amid calls from conservation groups and others to suspend business as usual during the coronavirus Continue Reading
The U.S. oil market is displaying worries that stockpiles are going to run out of storage space, with futures being whipsawed as a growing glut counters economic stimulus measures. While crude Continue Reading
U.S. factories received fewer orders for business equipment than forecast in February, just before the coronavirus-related demand shock that will likely lead a massive pullback in corporate investment. Core capital goods Continue Reading
A federal judge on Wednesday ordered the U.S. Army Corps of Engineers to conduct a full environmental review of the Dakota Access pipeline, nearly three years after it began carrying Continue Reading
The shale revolution that made the US the world’s biggest oil and gas producer and offered the prospect of energy self-sufficiency has run out of steam, as drillers slash spending Continue Reading
As much of his government battles the coronavirus outbreak, President Trump is pushing ahead with major reversals of environmental regulations, including a restriction on scientific research that some doctors worry Continue Reading
Pennsylvania’s social-distancing orders prompted a temporary halt to construction of several natural gas pipeline projects in the state, but some developers were working to secure waivers to allow more work Continue Reading
Funding for President Donald Trump’s plan to fill up the nation’s emergency oil reserve to help struggling drillers cope with the price crash failed to make it into the latest Continue Reading
U.S. crude oil refinery inputs averaged 15.8 million barrels per day during the week ending March 20, 2020 which was 18,000 barrels per day more than the previous week’s average. Continue Reading
Florida has a message for New Yorkers: Please don’t visit. And if you do, prepare to sit in quarantine or risk jail. Hawaii, which also thrives on tourism, is asking Continue Reading
The United States could become the global epicenter of the coronavirus pandemic, the World Health Organization said on Tuesday, as India announced a full 24-hour, nationwide lockdown in the world’s Continue Reading
U.S. stocks rallied sharply Tuesday, with the Dow surging to its biggest one-day gain in more than 85 years on signs that lawmakers and the Trump administration were nearing a Continue Reading
President Trump said he hopes to have the country reopened in just over two weeks, a timeline that is dramatically sooner than what many public-health experts have recommended to help Continue Reading
China is sending doctors and medical supplies to Italy and other countries that have been hit hard by the coronavirus. WSJ’s Eric Sylvers in Milan explains how China is using Continue Reading
