U.S. Economy

The average American worker has lost $3,000, and the average family has lost $6,000 in annual wages, thanks to rising inflation under President Biden.

Kroger is acquiring Albertsons for $34.10 per share in a deal valued at around $24.6 billion. Kroger CEO Rodney McMullen will continue to lead the combined company.

Russian President Vladimir Putin claimed he and his war in Ukraine have nothing to do with the energy crisis plaguing Europe as nations brace for winter.

A conservative group wants a pro-fossil fuel lawyer and scientist on the board of Exxon Mobil Corp., in an effort to confront an "insurgency" of pro-ESG members

The award to Bernanke cited a 1983 publication establishing bank failures as key to the transformation of an economic recession into the most severe depression of the 20th century.

Valero is denying California regulators' accusations of price gouging amid a drop in crude oil prices, pointing instead to the state's regulatory environment.

FOX Business host Larry Kudlow rips President Biden's economic and energy agenda as Americans continue to face inflation on "Kudlow."

President Biden, speaking at a Volvo manufacturing plant in Hagerstown, Maryland, on Friday, blamed OPEC+ for the country's inability to lower historically high gas prices nationwide.

Rep. Ro Khanna, D-Calif., said Biden's priority is to lower gas prices and he should get tougher on Saudi Arabia after OPEC moves to cut oil production.

The U.K. national power operator has warned that citizens should brace for up to three-hour energy blackouts this winter in the 'unlikely' event gas supplies dwindle.

President Biden told reporters the decision by OPEC+ was a 'disappointment' and said the White House was looking for other 'alternatives.'

Republican Senator Bill Hagerty of Tennessee addresses the energy policy of the Biden administration and how it has impacted America's erratic oil market.

The Biden administration moved closer Thursday to a final decision on offshore oil and gas drilling which could lead to a scenario without any lease sales on federal waters through 2028.

Senior account executive Phil Flynn of Price Futures Group discusses how the move by OPEC to lower oil prices may affect gas prices in the United States.

Fox Business host Larry Kudlow breaks down the impact of Joe Biden giving OPEC back our powerhouse title while Americans continue to pay high gas prices on 'Kudlow.'

The White House is hoping transitions to clean energy and continued dips into the strategic oil reserves will help offset OPEC's decision to cut back oil production.

Bankrate's survey finds Americans are considering shortening their holiday trips, engaging in less expensive activities, or opting for cheaper lodging and travel destinations.

Europe gears up for a long winter after feeling the bite of sanctions imposed against Russia due to Russia's unlawful invasion of Ukraine back in February.

President Biden said he will release 10 million barrels from the Strategic Petroleum Reserve in November to counter the OPEC+ oil cuts.

Louisiana Treasurer John Schroder informed BlackRock that his state would divest nearly $800 million from the firm's funds over its and ESG policies.