U.S. Economy

Phillips' investor-return plan comes at a time President Biden has demanded that energy companies invest their profit into boosting production before considering shareholder returns.

Gas prices will remain elevated despite the results of the midterm elections due to a variety of factors including OPEC+ production cuts and Russian's invasion of Ukraine, experts say.

Online real estate company Redfin announced that it's reducing its workforce again. This time, 862 employees will be laid off amid the uncertain economic environment.

Organizations representing the oil industry and workers ripped President Biden after he vowed to block new fossil fuel drilling, saying he should focus on policy, not politics.

President Joe Biden's tweet about the "most common" gas prices was slapped with a fact check Sunday to provide some more clarification.

A family-owned small business in central Virginia tells FOX Business inflation has been detrimental to their livelihood and has forced them to raise the price on their goods.

Largest U.S. refiner Marathon Petroleum Corp aims to operate its system at 93% of combined oil processing capacity, a cooler pace as it completes maintenance work at some plants.

Winning the lottery doesn't mean players are set for life. In fact, many winners run into issues because they don't know how to properly manage their assets.

RetailMeNot is offering shoppers a way to earn cash back at over 2,500 retailers and brands to help ease the stress of inflation while they shop for their holiday gifts.

Oil industry groups are reacting to President Joe Biden on Monday threatening a potential windfall profit tax or other repercussions against oil companies.

Former Treasury Secretary Larry Summers on Tuesday questioned a potential windfall tax on oil company profits, arguing it would discourage investment.

Moldovan leaders are warning that the Russian invasion of Ukraine has created an energy crisis that could mean Molova runs out of gas and electricity this winter.

Experts say a "meat recession" is coming as beef cattle supplies continue to dwindle due largely in part because of an acute and protracted drought in the southwest.

The White House has scrambled to reframe several economic indicators ahead of the midterm election next week, arguing the economy will make a "soft land."

President Joe Biden criticized the recent earnings of major oil companies, urging them to invest profits in increasing production or face possible penalties.

The comments at an Abu Dhabi Petroleum Conference shows the divide between the US and Gulf Arab countries it supports militarily in the wider Middle East.

FOX Business host Larry Kudlow laid out the price surge under the Biden Administration and the impact it's having on the midterms on 'Kudlow.'

More employees are being ghosted by job recruiters as recession fears continue to grow and certain industries lay off some of its workforce, according to experts.

Energy experts criticized President Biden on Friday after he claimed a day earlier that gasoline prices were more than $5 a gallon when he took office.

A new report that looked at data from food service establishments across the country found restaurants have reduced their operating hours by 7.5% since 2019.