President Joe Biden on Friday praised Intel’s plans to spend $20 billion on a new US semiconductor facility, hailing the “historic” investment even as a global chip shortage fans the inflation wave weighing on his leadership.

With his party splintered and Democrats across the coalition that elected him in 2020 unhappy, President Joe Biden has just a few months to try to chart a path out of the malaise or risk getting swamped in the looming midterm elections in which Republicans are seeking to regain control of Congress.

Lowering the record rate of US inflation will  “be a haul,” President Joe Biden said Wednesday, but he insisted the price increases will subside if supply chain snarls and component shortages are resolved.

ExxonMobil pledged Tuesday to reach  “net zero” greenhouse gas emissions in its operations by 2050, but stopped short of extending the promise to products it sells throughout the global economy.

Phillip Howard pointed toward a stack of black ski pants piled atop a counter in his winter sports shop as evidence of the hurdles small business owners still face as the pandemic drags on.

The economic ties between Bangladesh and the US are stronger than ever now even despite the severe fallout of Covid-19, according to a top official of the US embassy in Dhaka.

Dealmaking in the US oil and gas industry halved in value in the fourth quarter from the third, with the annual total falling short of the pre-pandemic average, according to data published by analytics firm Enverus on Thursday.

Higher labor costs bit into JPMorgan Chase’s fourth-quarter results, but the US bank still reported on Friday record annual profits of $48.3 billion.

Two months after US President Joe Biden announced an unprecedented effort among major oil consuming economies to work together to bring down rising fuel prices, prices are again approaching multi-year highs. And Biden has few options to stop the rally.

High demand for groceries combined with soaring freight costs and Omicron-related labor shortages are creating a new round of backlogs at processed food and fresh produce companies, leading to empty supermarket shelves at major retailers across the United States.

The wave of US price increases that have battered consumers in recent months should slow this year, as supply and transportation issues are resolved, a top Federal Reserve official said Friday.

Global cryptocurrency funds racked up steep gains last year after most digital currencies soared in price, led by bitcoin and ether amid strong institutional interest and greater acceptance from regulators worldwide, according to BarclayHedge, a division of Backstop Solutions

US retail sales dropped by the most in 10 months in December, likely the result of Americans starting their holiday shopping in October to avoid empty shelves at stores.

A downturn in the US manufacturing sector in the final month of 2021, notably the hard-hit auto sector, caused overall industrial output to dip in December, the Federal Reserve said Friday.

Global growth will “decelerate markedly” this year, but the Omicron variant of Covid-19 that is spreading rapidly worldwide could make the situation worse and exacerbate labor shortages and supply chain snarls, the World Bank warned Tuesday.

Federal Reserve Chair Jerome Powell will highlight the central bank’s efforts to fight inflation and stabilize the US economy at his confirmation hearing, according to testimony released Monday.

Interactive comment sections and virtual reality headsets: internet-connected fitness gear and services have boomed during the pandemic as at-home athletes seek a proxy for gym life.

A racecar with nobody at the wheel snaked around another to snatch the lead on an oval track at the Consumer Electronics Show in Las Vegas Friday in an unprecedented high-speed match between self-driving vehicles.

With US inflation high and the Federal Reserve expected to hike interest rates within months, President Joe Biden said on Friday he had faith in the central bank’s ability to manage price increases.

The US economy ended 2021 on a sour note with a worse-than-expected employment report that underscored the challenges awaiting President Joe Biden in the new year as the Omicron variant runs rampant and his legislative agenda stalls.