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U.S. House passes bill to fight oil and gas price gouging

U.S. House passes bill to fight oil and gas price gouging

by Reuters | May 19, 2022 | Business, Politics, Top News, US

WASHINGTON (Reuters) -The U.S. House passed a bill on Thursday that allows the U.S. president to issue an energy emergency declaration, making it unlawful for companies to excessively increase gasoline and home fuel prices. The bill must pass the Senate, which is...
Israeli police beat mourners at funeral of slain Palestinian journalist

Israeli police beat mourners at funeral of slain Palestinian journalist

by Reuters | May 14, 2022 | Top News

JERUSALEM (Reuters) -Israeli police officers charged at Palestinian mourners carrying the coffin of Al Jazeera journalist Shireen Abu Akleh on Friday, before thousands led her casket through Jerusalem’s Old City in an outpouring of grief and anger over her...
World equities rise on bounce in U.S., European markets

World equities rise on bounce in U.S., European markets

by Reuters | May 13, 2022 | Asia, Business, Economy, Europe, Top News, US

By Elizabeth Dilts Marshall NEW YORK (Reuters) – Global shares rose on Friday as Wall Street rallied to end a volatile week of trading, while oil jumped 4% on the back of record-high U.S. gas prices. Global markets and U.S. stocks were down sharply most of this...
Wall Street rallies, weekly losing streak continues

Wall Street rallies, weekly losing streak continues

by Reuters | May 13, 2022 | Business, Economy, Top News, US

By Stephen Culp NEW YORK (Reuters) – Wall Street surged on Friday to end higher, closing the book on a week of wild market gyrations as relief at signs of peaking inflation vied with fears that policy tightening by the Federal Reserve could tilt the economy into...
Biden says baby formula shortage to ease in weeks as U.S. imports more

Biden says baby formula shortage to ease in weeks as U.S. imports more

by Reuters | May 13, 2022 | Top News

By Doina Chiacu and Susan Heavey WASHINGTON (Reuters) -The U.S. baby formula shortage should improve dramatically in coming weeks, President Joe Biden and top officials said on Friday as the administration scrambled to reverse a shortfall that hits lower-income...
U.S. consumer sentiment approaches 11-year low, monthly import prices unchanged

U.S. consumer sentiment approaches 11-year low, monthly import prices unchanged

by Reuters | May 13, 2022 | Business, Economy, Top News, US

By Lucia Mutikani WASHINGTON (Reuters) – U.S. consumer sentiment slumped to its lowest level in nearly 11 years in early May as worries about inflation persisted, but household spending remains underpinned by a strong labor market and massive savings, which...
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