Ship carrying thousands of luxury cars sinks in the Atlantic after burning for weeks The total estimated loss for the Porsches, Bentleys, Lamborghinis and Volkwagens aboard the Felicity Ace is close to $440 million. Jonathan Franklin
Big oil companies cut business ties with Russia BP, Equinor and Shell have all announced they are terminating their ties to the Russian oil industry — a move that will cost them billions of dollars. Camila Domonoske
Even in tornado-prone areas, storm shelters aren't required in warehouses In the U.S., tornadoes cause more annual fatalities than hurricanes and earthquakes combined. Yet there isn't a national standard mandating that large warehouses include storm shelters for workers. Eric Schmid
Target is raising its minimum wage to as much as $24/hour The retail giant currently pays a $15-per-hour starting wage, but said it would raise it to as much as $24. Companies have been boosting pay and benefits in an effort to keep and attract workers. Rina Torchinsky
The U.S. and 30 other nations are releasing oil from reserves to try to calm markets Oil-consuming nations will bring 60 million barrels of crude out of storage and onto global markets. It's supposed to calm oil prices down, but global crude went up on the news. Camila Domonoske
How a wrinkle in the oil futures market has clogged America's oil pump The U.S. is still the largest producer of oil, but we're a long way from pumping what we were before the pandemic. Blame backwardation. Paddy Hirsch
The pandemic has created some uncertainty about the future of farm shows Small town farm shows are reacting differently to COVID-19. Some canceled, some went virtual and some are carrying on as usual. It's creating uncertainty about the future of farm shows.
Major oil companies pull out of once-promising Russia Announcements from Shell and BP will further hit Russia's tanking economy — and batter its image as a go-to place for oil and gas investments. Peter Granitz
Russia eyes sanctions workarounds in energy, gold, crypto Observers say Russia will likely turn closer to China to make up for supplies of goods and services lost due to sanctions. The Associated Press
Toyota stops production in Japan after a cyberattack hits one of its suppliers The suspected attack forced Toyota, one of the world's largest auto manufacturers, to suspend operations at 14 of its Japanese plants, affecting the production of about 13,000 vehicles. Joe Hernandez
