U.S. Economy

Grocery costs jumped 12% in November compared to a year ago, according to government data. The elevated prices are forcing shoppers to make trade-offs or even forgo certain items.

The U.S. Department of Commerce plans to add over 30 Chinese companies to a trade blacklist next week, according to a new report.

The national average price for regular gasoline is expected to sit around $3 per gallon, according to automobile club AAA. Many states will see their averages fall below $3.

Petroleum market experts criticized California Gov. Gavin Newsom for his recent move to punish oil companies for high profits, saying he was misinformed about economics.

Germany is building new LNG facilities in Wilhelmshaven at record speed to make up for gas supplies that Russia has stopped sending since invading Ukraine.

Exxon Mobil CEO Darren Woods sits down to discuss energy policy and security, after Ukraine, as well as carbon emissions and clean energy such as renewables.

FOX Business’ Stuart Varney discusses the price of gas in the U.S. and the impact of Biden’s ‘failed’ energy policy on Americans.

The national average cost of a gallon of regular gas, which is $3.33 a gallon Thursday, is now lower than what Americans were paying last year, AAA says.

A top Texas state Senate committee issued a subpoena last month demanding asset manager BlackRock hand over key documents related to its decision-making on environmental investments.

Digital media company BuzzFeed said it's reducing its workforce by 12% in order to weather the economic downturn that it expects will continue into next year.

PepsiCo plans to lay off hundreds of white collar workers as it streamlines marketing and centralizes manufacturing.

Energy industry groups filed a federal lawsuit against the Biden administration Monday evening, arguing it has violated federal statute requiring quarterly oil and gas lease sales.

The decision from OPEC+ to maintain output cuts of two million barrels per day could impact the decline in gas prices, which is an average of $3.40 per gallon.

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.