Business

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The good times are rolling for Big Oil. 3 things to know about their surging profits

Major energy companies have reported a surge in profits in the first three months of the year as oil prices have rallied.
- Brittany Cronin
The US jobs market continues its strong comeback from the pandemic

U.S. employers added 428,000 jobs in April, as the unemployment rate held steady at 3.6%.
- Scott Horsley
Stocks dive as fears about the economy intensify

The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.
- David Gura
The Fed is rapidly unwinding its easy money policies to fight inflation

The Federal Reserve on Wednesday raised interest rates by half a percentage point, as it escalates its fight against inflation.
- Scott Horsley
What Europe's ban of Russian oil could mean for energy markets – and your gas prices

The EU ban on Russian oil imports will likely lead to higher crude and gasoline prices, further upending energy markets.
- Brittany Cronin
The Dow rallies to its best day since 2020 after the Fed rules out larger rate hikes

Markets jumped after Fed Chair Jerome Powell said the central bank was not contemplating bigger rate hikes than the half-a-percentage-point increase it delivered on Wednesday.
- David Gura
The Fed raises interest rates by the most in over 20 years to fight inflation

The Federal Reserve raised interest rates by half a percentage point Wednesday, in an effort to cool off demand and lower inflation. Consumer prices have been rising at the fastest pace in 40 years.
- Scott Horsley
Eviction filings are up sharply as pandemic rental aid starts to run out

The federal rental aid program expects to distribute the rest of its money by mid-summer. Some cities have already run out of funding, pushing eviction filings higher than before the pandemic.
- Jennifer Ludden
The Federal Reserve is expected to take a big step to try to lower inflation

The Fed is likely to raise interest rates by a half-percentage point Wednesday, in an effort to crack down on inflation. It's the first rate hike of that size in more than two decades.
- A Martinez
Can Howard Schultz fix Starbucks?

Howard Schultz has stepped back in as CEO of Starbucks as the company he founded grapples with a union wave and lower share prices. The Wall Street Journal’s Heather Haddon explains how he's navigating the challenge at a time of dramatic change at the company.
- Patricia Murphy

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