Energy experts said the reserve release would pack more punch if other countries, like China, also sold oil from their stockpiles. The International Energy Agency, an organization of more than 30 countries, will meet Friday and may recommend further releases from national reserves. Russian oil exports normally represent more than one of every 10 barrels […]

Economists have been waiting for Americans to shift from buying goods, like furniture and appliances, and toward spending on vacations, restaurant meals and other services as the pandemic fades, betting the transition would take pressure off supply chains and help inflation to moderate. Rapid wage growth could make that story more complicated. Demand for services […]

The wireless carrier Verizon blamed “bad actors” on Wednesday for thousands of spam text messages recently received by its customers and said it was working with federal law enforcement agencies to try to identify the source. The telecom giant confirmed in a statement on Wednesday that its customers had been targeted by the rogue texts […]

“I’ve had a lot more employees reach out to me due to their anxiety, often saying they can’t pinpoint the reason for it,” Ms. Theobald said. “I’ve had phone calls from managers saying, ‘This is what I did, and I hope I handled it correctly.’” Some companies are trying to directly address mental health challenges […]

WASHINGTON — Federal regulators authorized second booster shots of the Pfizer-BioNTech and Moderna coronavirus vaccines on Tuesday for everyone 50 and older, describing the move as an effort to bolster waning immunity against severe disease in case the virus sweeps the nation again in the coming months. The Food and Drug Administration said people in […]

Frederick Smith in 2005. He came up with the idea for FedEx while he was an undergraduate at Yale University.Credit…Marilynn K. Yee/The New York Times Fifty years after he founded the company, Frederick Smith announced on Monday that he will step down as FedEx’s chief executive in June. Raj Subramaniam, the current president and chief operating […]

Raising the bar on buybacks When the Biden administration unveils its annual budget today, it will propose new ways to raise money from big companies and wealthy executives. One of these ideas could rewrite a fundamental practice in corporate America: stock buybacks. Companies in the S&P 500 repurchased a record $882 billion of their own […]

Mr. Mittelman, Othram’s C.E.O., said his company had received more than $400,000 from philanthropic donors. According to Crunchbase, the start-up has also raised $28.5 million from institutional investors to corner the market around this new investigative technique. Founded in The Woodlands, Texas, in 2018, the company now has 30 employees, said Mr. Mittelman, including five […]

What’s Up? (March 20-26) Responding to Western Sanctions President Vladimir V. Putin of Russia said last week that he would require “unfriendly countries” to pay for Russian gas in rubles. The move was intended to force countries like the United States and Britain to prop up Russia’s currency, which crashed after sanctions targeting Russia’s central […]

WASHINGTON — The White House will ask Congress on Monday to pass a new minimum tax on billionaires as part of a budget proposal intended to revitalize President Biden’s domestic agenda and reduce the national deficit. The tax would require that American households worth more than $100 million pay a tax rate of at least […]