Fuel prices are displayed at gas stations on March 03, 2022 in Chicago, Illinois. Increasing demand and dwindling supplies coupled with global supply uncertainty driven by the war in Ukraine have driven gas prices over $4-per-gallon in many parts of the country. Scott Olson | Getty Images Gasoline prices surged to the highest level since
Finance
Shoppers wearing face masks leave a Costco wholesale store in Washington, D.C. Ting Shen | Xinhua News Agency | Getty Images Check out the companies making headlines in midday trading. Costco — The stock dipped 3.3% midday despite a better-than-expected quarterly report. The retailer reported earnings of $2.92 per share on revenue of $51.9 billion.
An employee looks at a stock price index graph showing plunging stock prices on an electronic information screen at the headquarters of the Micex-RTS Moscow Exchange. Andrey Rudakov | Bloomberg | Getty Images Index giant S&P Dow Jones Indices said Friday it is removing all stocks listed and/or domiciled in Russia from its benchmarks in
Chinese President Xi Jinping inspects troops during a parade on October 1, 2019, to celebrate the 70th Anniversary of the founding of the People’s Republic of China at Tiananmen Square in 1949, in Beijing, China. Kevin Frayer | Getty Images BEIJING — China’s defense spending this year is set to grow at its fastest pace
In this article PYPL The PayPal app shown on an iPhone. Katja Knupper | DeFodi Images | Getty Images PayPal said Saturday it was suspending its services in Russia, adding to the number of firms retreating from the country in response to its invasion of Ukraine. “Under the current circumstances, we are suspending PayPal services
Dubai, United Arab Emirates, on July 5, 2021. Christopher Pike | Bloomberg | Getty Images An intergovernmental organization dedicated to combating money laundering and illicit cash flows on Friday placed the United Arab Emirates on its “gray list” over concerns that the Gulf country isn’t sufficiently stemming illegal financial activities. The UAE was one of
Workers weld at a workshop of an automobile manufacturer in Qingzhou, East China’s Shandong Province, on March 1, 2022. Future Publishing | Future Publishing | Getty Images BEIJING — China is slated on Saturday to release its gross domestic product growth target for 2022, as an annual parliamentary meeting gets underway. Analysts widely expect the
Fuel prices are displayed at gas stations on March 03, 2022 in Chicago, Illinois. Increasing demand and dwindling supplies coupled with global supply uncertainty driven by the war in Ukraine have driven gas prices over $4-per-gallon in many parts of the country. Scott Olson | Getty Images Gas prices are surging, with the national average
Small businesses will be facing growing challenges from inflation and higher wages, Chicago Federal Reserve President Charles Evans said Friday. Even with average earnings flattening out in February, Evans told CNBC that he hears from smaller companies in his district about the challenges from cost increases. “I think there are a lot of business models,
Loretta Mester, president and chief executive officer of the Federal Reserve Bank of Cleveland. David Paul Morris | Bloomberg | Getty Images War in Ukraine only heightens the need for higher interest rates to get inflation under control, Cleveland Fed President Loretta Mester said Thursday. The attack from Russia has pushed commodity prices higher, particularly
In this article BAC YELP NFLX MSFT Big banks and corporations like Yelp, Netflix, and Microsoft have announced major investments in Black-owned banks. Yet Black banks are far from thriving. Americans who identify solely as Black or African American make up 13.4% of the U.S. population today, but less than 1% of all FDIC-insured banks
In this article XOM Darren Woods, Chairman and CEO, Exxon Mobil. Katie Kramer | CNBC U.S. oil surged to the highest level since 2008 on Thursday, and Exxon CEO Darren Woods said prices could be heading much higher. “If there is a significant supply disruption with respect to Russian crude … that will be very