The White House accuses Saudi Arabia of aiding Russia and coercing OPEC oil producers
A major oil output cut by Saudi Arabia, Russia and other oil producers has drawn sharp accusations in Washington.
Business
CEOs no longer question if there will be a recession. The question now is when?
As the Federal Reserve maintains it can get high inflation under control without triggering a recession, 98% of CEOs surveyed say they're preparing for a recession in the next 12 to 18 months.
Men in unions may make $1.3 million more in lifetime than men not in one, study says
Men who belonged to unions their entire career made up to $1.3 million more, on average, than men who never joined one, according to recently released research.
Virtually all PPP loans have been forgiven with limited scrutiny
Officials promised a robust review process before forgiving PPP loans, but most loans could be forgiven with a simple, one-page form. Meanwhile, just 2% of loans have gotten close, hands-on reviews.
Money is 'A Made Up Thing' — but that doesn't change rising inflation
Author and podcaster Jacob Goldstein says we don't think of money as a technology, but we should. He traces the first paper currency to China's Sichuan province, and ponders the Fed's next move.
With mortgage rates near 7%, the housing party is over. Now it's hangover time
Higher rates are dashing the dreams of some would-be homebuyers while others stretch to buy but spend close to $1,000 a month more in monthly payments for a typical house.
As mortgage rates rise, some people are giving up on owning a home
Mortgage rates are up near 7%. That's adding nearly $1,000 a month to the mortgage payment for a typical house, sending home ownership beyond reach for more and more Americans.
News brief: Crimea bridge blast, possible rail strike, Parkland shooter trial
Russia detains suspects in bridge bombing that prompted it to fire missiles on Ukraine. A railroad strike is still possible in the U.S. Florida jury will decide the fate of Parkland school shooter.
One union's rejection of a tentative rail deal puts the agreement in jeopardy
A key rail union has voted against a deal brokered by the Biden administration, but talks continue to try to avert a strike next month. We look at what's at stake.
Another warehouse in New York could become Amazon's 2nd U.S. workplace to unionize
Workers at an Amazon warehouse near Albany begin voting on whether to unionize. The Amazon Labor Union formed last spring after employees at a Staten Island warehouse voted to unionize.