U.S. Economy

The Los Angeles City Council on Friday voted to ban oil and gas wells within city limits and phase out existing wells over the next 20 years.

Austan Goolsbee, the newly named Federal Reserve Bank of Chicago president, has disagreed with the White House on a number of key economic issues.

Over two dozen companies across a variety of sectors have tested out a four-day work week and have seen strong performance and productivity within workers since doing so.

Amazon CEO Andy Jassy said the company has been trying to "streamline" costs while also trying to invest in areas they they believe will impact the company in the long term.

DoorDash announced that it will lay off more than 1,200 employees in order to reduce operating expenses that, "if left unabated – would continue to outgrow our revenue."

This week will see Cyber Monday as well as retailers earnings reports. It will also see Fed discussions as the country continues to worry about inflation.

The U.S. government has awarded Chevron Corp. an expanded license to import oil from Venezuela following talks between the socialist Maduro regime and opposition leaders.

Gas prices are sitting around $3.60 per gallon, the highest ever recorded price for Thanksgiving since AAA starting tracking this data for over two decades.

Sheetz is reducing the price of gas to $1.99 a gallon ahead of Thanksgiving from Nov. 21-28 at 368 stores that offer the Unleaded 88.

The White House failed to mention key details about inflation and gas prices on a document it issued listing President Biden's top accomplishments.

The price cap on Russian oil is set to begin in early December. Will replace a plan to completely ban the financing and insurance of Russian oil shipments

The Texas gas price average fell below $3 for the first time since mid-January, according to AAA Texas gas price data.

Another factor driving discussion around raising output: Two big OPEC members, Iraq and the United Arab Emirates, want to pump more oil, OPEC delegates said.

A top energy industry group issued a report for House Republicans to use as a roadmap for energy policy when they take control of the House next year.

A majority of Americans are pushing off financial milestones such as getting married, furthering their education or having children because of the current state of the economy.

Diesel used in trucks, in homes, and to fuel powerplants has skyrocketed in price as the Jones Act, the pandemic, and Russia's War in Ukraine all disrupt supply.

Even with inflation, which rose 7.7% in October from a year earlier, an increasing number of Americans who plan to celebrate Christmas plan to buy a real Christmas tree.

Nearly 48,000 unionized academic workers at University of California campuses went on strike Monday, calling for pay increases and various additional benefits.

Airbnb co-founder Nate Blecharczyk expressed confidence in the home-share platform despite economic headwinds like high inflation squeezing household budgets.

Consumers are growing more pessimistic as inflation expectations tracked by the Federal Reserve Bank of New York increased across all horizons, while unemployment expectations deteriorated.