×

Money & Markets

Nations agree to release 60M barrels of oil amid Russian war

FRANKFURT, Germany — The International Energy Agency’s 31 member countries agreed Tuesday to release 60 million barrels of oil from their strategic reserves — half of that from the United States — “to send a strong message to oil markets” that supplies won’t fall short after the ...

Report: Atlantic City casino smoking ban may cost 2,500 jobs

ATLANTIC CITY, N.J. — Amid a renewed push to ban smoking in Atlantic City’s casinos, a new report released Wednesday predicts that doing so could cost up to 2,500 casino jobs and nearly 11% of casinos’ revenue as they struggle to rebound from the coronavirus pandemic. The independent ...

Key inflation gauge hit 6.1% in January, highest since 1982

WASHINGTON — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.1 percent in January compared with a year ago, the latest evidence that Americans are enduring sharp price increases that will likely worsen after Russia’s invasion of Ukraine. The figure reported ...

Iowa attorney general leads study of high fertilizer prices

DES MOINES — Dramatic increases in the price of farm fertilizers have prompted federal agriculture officials and a leading farm state attorney general to look into the causes and whether farmers have been subjected to unfair practices by an industry with few competitors. Iowa Attorney ...

Subaru buyers caught up in right-to-repair fight over autos

Driving a rugged Subaru through snowy weather is a rite of passage for some New Englanders, whose region is a top market for the Japanese automaker. So it was a surprise to Subaru fans when Massachusetts dealerships started selling its line of 2022 vehicles without a key ingredient: the ...

Biden wants to cut into China’s electric battery dominance

SACRAMENTO, Calif. — President Joe Biden highlighted his efforts to counter China’s dominance of the electric battery market on Tuesday as he touted domestic efforts to mine and process lithium and rare metals necessary to create the technology that powers cars, electronics, wind turbines ...