U.S. Economy

The trade deficit in goods and services was a seasonally adjusted $67.4 billion in December, the Commerce Department said Tuesday, up from a revised $61 billion in November.

A copper deficit might extend beyond 2023 as mining issues in the South American countries of Peru and South America threaten global supply.

California Gov. Gavin Newsom asked the Federal Energy Regulatory Commission on Monday to investigate unusually high natural gas prices in recent months.

Gas prices are still higher than they were a year ago but they have been easing modestly. AAA spokesperson Andrew Gross said prices have steadily fallen every day over the past week,

Shell Global, along with ExxonMobil and Chevron, have announced profits in excess of double their FY 2021 totals thanks to high gas prices after sanctions on Russia.

Exxon Mobile’s whopping earnings in 2022 irk White House, which called the report "particularly galling" as Americans spent more for gas prices.

PagerDuty CEO issued an apology to employees after getting backlash for what critics are calling a "tone-deaf" layoff memo, in which she quoted Martin Luther King Jr.

It was cheaper to fuel a gas-powered car for 100 miles than it was to charge a comparable electric vehicle in late 2022, according to Anderson Economic Group.

The House will vote Friday on the Strategic Production Response Act, which would boost U.S. oil and gas production in response to drawdowns of the Strategic Petroleum Reserve.

Dow Inc. is starting a corporate restructuring plan and will lay off 2,000 workers around the world in an effort to save $1 billion in costs this year.

Refining margins are on the rise as more plants undergo outages due to accidents or delayed maintenance due to the pandemic.

Canary CEO Dan Eberhart addressed the rise in U.S. oil and gas prices and explains how Biden's energy policies are hurting American consumers.

Gas prices rose 14 cents over the past week

The governor of Hawaii told lawmakers on Monday that he wants to invest $1 billion in affordable housing, as well as give tax breaks to residents of all income levels.

Even with a myriad of economic challenges facing business owners, new business openings notched an all-time high in 2022, according to a new report from Yelp.

President Biden would veto a bill being pushed by House Republicans that would limit his ability to draw from the Strategic Petroleum Reserve, the White House said Monday.

Former Connecticut Sen. Joe Lieberman urges Republicans and Democrats to come together and "work it out" on spending after the U.S. hits the debt limit.

Wayfair announced Friday that its laying off more workers as it continues to thin out management and become more agile in the current economic environment.

WeWork announced Thursday that it's cutting hundreds of jobs as it continues to streamline operations and optimize its portfolio amid the uncertain economy environment.

Nearly half of Americans who are paying checking account fees every month say they are sacrificing their level of preparedness for a recession in doing so, according to a new report.