Oil market faces ‘considerable uncertainties,’ OPEC warns
OPEC lowered its forecast for global oil demand growth this year by 100,000 barrels a day to 2.5 million barrels a day. It also lowered its 2023 demand growth forecast.
Taiwan talks trade with US, Britain as China tensions loom over Biden-Xi meeting
Taiwan's trade talks with the U.S. and Britain sparked anger in the Chinese government.
Biden, Xi's first face-to-face unlikely to have 'meaningful' impact on economic issues facing world: experts
Chinese President Xi Jinping has not left his country's COVID-19 bubble since the pandemic started, making his G-20 summit appearance a prime opportunity for discussions.
Asian economic chief says region needs 'investment,' not 'tensions' from US, China ahead of Biden visit
Dr. Kao Kim Hourn, ASEAN Secretary-General-elect, has urged the U.S. and China to work towards strong partnerships instead of making the region the focus for geopolitical rivalry.
Biden to meet China's Xi on Monday for Taiwan, Russia talks
It will be the first in-person meeting between President Biden and President Xi Jinping, the leaders of the world’s two biggest economies, since Biden became president in January 2021.
South Korea seeks 3-year grace period on US EV tax incentive law
The EV tax credit, part of the Inflation Act, currently only exempts US made electric cars disqualify many South Korean made models from Hyundai and Kia.
US crude oil exports to Asia poised to hit record high
US exports to Asia likely to reach a record 1.8 million barrels per day. Demand is led by China, India, and South Korea and a demand for more diesel fuel.
CVS reaches $5B settlement of opioid lawsuits, becomes first pharmacy to strike nationwide deal
CVS Health has announced a $5 billion deal that, if approved, would make it the first major pharmacy chain to reach a nationwide settlement of opioid lawsuits.
New leftist Brazilian president, Lula, likely to keep orthodox economics, but shift to US foreign policy foes
Following Lula da Silva’s election victory over President Bolsonaro, analysts expect a moderate approach in the economic realm, but shifts to a more left-wing foreign policy.
Gap says Russia deliveries stopped in March. But its clothing kept coming
The Gap shipments included everything from "knitted children’s socks" and "children’s pajamas" to "textile blouses for women" and "textile shorts for men."
Blood pressure medication recalled due to chemicals' possible link to cancer
The FDA-recalled quinapril and hydrochlorothiazide tablets were shipped to customers nationwide in May 2021. No related adverse reactions have been reported.
Accounting errors to cost executives their bonuses under SEC rule
The SEC passed a rule required by the Dodd-Frank Act to force public companies whose financial statements contain errors to recoup their executives’ bonuses and other incentive pay.
Global economic growth is weighed down by inflation, rising interest rates
A glut of government spending from the coronavirus pandemic, soaring energy prices, and zero-covid policies in China could cause another global recession.
Mississippi River drought hits record level, revives supply chain concerns: report
Severe heat in the summer has created a nationwide drought, which has dried up 1,200 wells in California and a number of major rivers that feed into the Mississippi River.
Brazil’s economy minister warns world of stagflation and ‘very rough times ahead’
Brazil Economy Minister Paulo Guedes learned from Milton Friedman at the Chicago School and implemented his policies under President Jair Bolsonaro's administration.
US businesses propose hiding trade data used to trace abuse
Commercial Customs Operations Committee, an advisory panel to U.S. Customs and Border Patrol, are recommending ways to streamline international trade.
China’s economy faces hurdles as Xi Jinping heads into party congress
As XI Jinping gets ready to be installed for a historic third-term as the General Secretary of the Chinese Communist party, Beijing is facing a host of growing economic problems that are already cause for concern.
US sees ‘decisive decade’ ahead in competition with China, Russia
The new National Security Strategy addresses the growing rivalry with Beijing and tension with Russia as it looks to maintain a United States led global order.
What is 'FDPR' and why is the US using it to cripple China's tech sector?
The FDPR, or foreign direct product rule, allows the U.S. to decide who can buy products made with American technology even if those products are made abroad.
Edward Jones pulls plug on bank plans
Edward Jones' parent has scrapped plans to create a new bank as market turmoil looms and banking crises in the U.K. and at Credit Suisse threaten a Lehman moment.


















