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Money & Markets

G-7 leaders united behind Ukraine, aim at Kremlin oil money

ELMAU, Germany — Leaders of the world’s biggest developed economies said Tuesday they would explore far-reaching steps to cap Russia’s income from oil sales that are financing its invasion of Ukraine and struck a united stance to support Kyiv for “as long as it takes” as the war ...

Oil price cap could strike Russia’s war chest

GARMISCH-PARTENKIRCHEN, Germany — Leaders of the world’s biggest developed economies are weighing a cap on the price of Russian oil meant to strike at the main pillar of the Kremlin’s finances following its invasion of Ukraine — and to limit the havoc that high energy prices are ...

FDA bans Juul e-cigarettes tied to teen vaping surge

WASHINGTON — U.S. health regulators on Thursday ordered Juul to pull its electronic cigarettes from the market, the latest blow to the embattled company widely blamed for sparking a national surge in teen vaping. The action is part of a sweeping effort by the Food and Drug Administration to ...

Biden calls for suspension of gas and diesel taxes

the Associated Press WASHINGTON — President Joe Biden on Wednesday called on Congress to suspend federal gasoline and diesel taxes for three months — an election-year move meant to ease financial pressures that was greeted with doubts by many lawmakers. The Democratic president also ...

Snap, crackle, pop: Kellogg to split into 3 companies

Kellogg Co., the 116-year-old maker of Frosted Flakes, Rice Krispies, Pringles and Eggo, will split into three companies focused on cereals, snacks and plant-based foods. Kellogg’s, which also owns plant-based food brand MorningStar Farms, said Tuesday that the spinoff of the ...

California Dems to investigate cause of high gas prices

SACRAMENTO, Calif. — With California drivers paying more than $6 for a gallon of gas and state officials deadlocked for months over how to provide relief, lawmakers in the state Assembly on Monday announced they would investigate oil companies they say are “abusing a historic situation to ...