The likelihood of a recession has increased rapidly amid pressures from inflation and the Federal Reserve’s more aggressive action. Economists surveyed by The Wall Street Journal have dramatically raised the Continue Reading
The easing of industrial output added to signs of an economic slowdown. Factories in the mid-Atlantic region saw diminished activity for the first time in two years this month, the Continue Reading
Within days, the conservative majority on the Supreme Court is expected to hand down a decision that could severely limit the federal government’s authority to reduce carbon dioxide from power Continue Reading
More Americans are beginning to hold off on booking flights, getting haircuts, building backyard pools and replacing old leaky roofs — in some of the new signs that the consumer Continue Reading
Power demand in Texas hit a new all-time high on Thursday and will likely break that record on Friday and Monday as homes and businesses keep air conditioners cranked up Continue Reading
BofA Securities economists see roughly a 40% chance of a U.S. recession next year, with inflation remaining persistently high. They expect U.S. Gross Domestic Product growth to slow to almost Continue Reading
Waiving a century-old shipping law to let foreign-flagged vessels transport fuel between US ports — a favorite talking point of a US refinery sector trying to get the White House Continue Reading
The signs are growing that there could be a significant heat wave across the South, Southeast and Mid-Atlantic next week, with tropical humidity and highs 10 to 20 degrees Fahrenheit Continue Reading
White House is said to be considering limits on fuel exports. Limiting fuel exports is a politically sensitive decision. Fuel exports have been named as one of the factors contributing Continue Reading
Freeport LNG has declared a force majeure on LNG exports from its Gulf Coast location until September, Bloomberg sources said on Friday. The company had reported earlier in the week Continue Reading
