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The executive director of the International Energy Agency says the impact has been worse than the two 1970s energy shocks combined.
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Violeta Encarnación for NPRA murky corner of the financial world is now the fastest-growing source of funding for small businesses. One state, Connecticut, had given these lenders unusual power. That may be about to change.
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Federal Reserve chairman Jerome Powell said the U.S. is not in a period of stagflation.
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NPR's Ayesha Rascoe talks with Martin Wolf, chief economics commentator for the Financial Times, about how the war on Iran is affecting the global economy.
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NPR's Ayesha Rascoe talks to University of Texas engineering professor Hugh Daigle about why the U.S. imports most of the oil it consumes despite being one of the world's largest oil exporters.
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The change is part of a round of layoffs at CBS News. When the radio service began operation in September 1927, it was a precursor to the entire CBS network. Today its top-of-the-hour news roundups are delivered to about 700 stations across the U.S. -
Treasury Secretary Scott Bessent said the U.S. may remove sanctions on Iranian oil to bring down prices.
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Wages in a state known for its hospitality industry aren’t rising fast enough to keep up with soaring home prices. -
A month into the shutdown, absences and resignations are rising, and officials warn some smaller airports could face closure if staffing drops further.
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A century ago, miners in Tonopah risked their lives to pull a fortune of silver and gold from the nearby mountains. Though the mines went quiet years ago, the town of a little more than 2,000 people is betting that another boom is on the horizon. -
Oil prices are ballooning due to the ongoing war in Iran.
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The Federal Reserve held its benchmark interest rate steady this week. The central bank says it's too soon to know how the wartime spike in energy prices will affect overall inflation.
