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No OPEC+ oil shakeup as Russian price cap stirs uncertainty

FRANKFURT, Germany ((DailyNews)) — The Saudi-led OPEC oil cartel and allied producers including Russia did not change their targets for shipping oil to the...

EXPLAINER: Can Ukraine pay for war without wrecking economy?

FRANKFURT, Germany ((DailyNews)) — Even as Ukraine celebrates recent battlefield victories, its government faces a looming challenge on the financial front: how to pay...

Russia rejects $60-a-barrel cap on its oil, warns of cutoffs

KYIV, Ukraine ((DailyNews)) — Russian authorities rejected a price cap on the country’s oil set by Ukraine’s Western supporters and threatened Saturday to stop...

Biden sees economy avoiding recession, but risks remain

WASHINGTON ((DailyNews)) — President Joe Biden assured Americans on Friday that the U.S. economy is chugging along in the holiday season, but the very...

G-7 joins EU on $60-per-barrel price cap on Russian oil

WASHINGTON ((DailyNews)) — The Group of Seven nations and Australia joined the European Union on Friday in adopting a $60-per-barrel price cap on Russian...

EU edges closer to $60-per-barrel Russian oil price cap

BRUSSELS ((DailyNews)) — The European Union was edging closer to setting a $60-per-barrel price cap on Russian oil — a highly anticipated and complex...

US revises up last quarter’s economic growth to 2.9% rate

WASHINGTON ((DailyNews)) — Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the...

Higher food prices worsen hunger crisis this holiday season

WASHINGTON ((DailyNews)) — Staffers at Bread for the City, a venerable charity in the nation’s capital, thought they were prepared for this year’s annual...

Stocks rally after Fed chair signals slowdown in rate hikes

Wall Street closed out a solid November with a broad market rally Wednesday after the head of the Federal Reserve said the central bank...

Cyber Monday deals lure in consumers amid high inflation

NEW YORK ((DailyNews)) — Days after flocking to stores on Black Friday, consumers are turning online for Cyber Monday to score more discounts on...

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