CNN — The Biden administration announced Wednesday it would cancel three upcoming offshore oil and gas leases – two in the Gulf of Mexico and one in Alaska – over a lack of interest and delays. The cancellation of the previously planned Cook Inlet sale in Alaska, as well as the lease sales in the […]
New York CNN Business — Diesel prices are soaring to record levels, and record low inventories of the fuel in parts of the United States are sparking fears of worse to come. Even if you’ve never bought a gallon of diesel in your life, as is the case for most US drivers, high diesel prices […]
Textsize If the losses hold, the Dow would fall for the sixth day in a row. Ed Jones/AFP via Getty Images The stock market was falling again Thursday, as investors were fretting about the impact of inflation and the Federal Reserve’s monetary policy on the economy. In afternoon trading, the Dow Jones Industrial Average retreated […]
WASHINGTON — Inflation slowed in April after seven months of relentless gains, a tentative sign that price increases may be peaking while still imposing a financial strain on American households. Consumer prices jumped 8.3% last month from 12 months earlier, the Labor Department said Wednesday. That was below the 8.5% year-over-year surge in March, which […]
Online automotive retailer Carvana Co. says it’s letting go about 2,500 workers — roughly 12% of its workforce — as it tries to bring staffing and expenses in line with sales ByAssociated Press May 10, 2022, 10:19 PM • 1 minute read Share to FacebookShare to TwitterEmail this article DETROIT — Online automotive retailer Carvana […]