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Economy

Why Are Oil Prices Falling While War Rages in the Middle East?

Evan Harrington

Intense fighting is underway in a region that holds much of the world’s petroleum resources. Yet, after a few days of anxiety following the bloody Oct. 7 raids by Hamas…

Economy

Inside the Army Factory That Makes AR-15 Ammunition: 4 Takeaways

Evan Harrington

The Lake City Army Ammunition Plant, built during World War II, has long been operated for the federal government by private contractors. Over the past decade, a New York Times…

Economy

Las Vegas Unions and MGM Resorts Reach Tentative Labor Agreement

Evan Harrington

Two unions representing hospitality workers announced on Thursday a tentative labor agreement with a second major Las Vegas hotel operator, MGM Resorts International, a day before a strike deadline set…

Economy

How Millions of Borrowers Got $127 Billion in Student Loan Debt Canceled

Evan Harrington

When the Supreme Court struck down President Biden’s $400 billion plan to forgive up to $20,000 in federal student loan debt for 43 million borrowers, the prospect of substantive debt…

Economy

Fed Chair Recalls Inflation ‘Head Fakes’ and Pledges to Do More if Needed

Evan Harrington

Jerome H. Powell, the chair of the Federal Reserve, on Thursday expressed little urgency to make another interest rate increase imminently — but he reiterated that officials would adjust policy…

Economy

Yellen Says U.S. Wants ‘Healthy’ Economic Ties With China

Evan Harrington

The United States and China agreed on Friday that they would not seek to “decouple” their economies and pledged to take steps to improve the business climates for American and…