Chevron, one of the nation’s largest oil companies, reported a fourth consecutive quarterly profit on Friday as oil and natural gas prices continued to recover from the pandemic slump. It was the company’s best financial performance since 2014, reflecting the sharp turnaround for the entire industry. Chevron, along with other major oil companies, has shifted […]
Inflation came in strong and wage growth remained elevated at the end of 2021, setting the stage for a challenging economic year in which the Federal Reserve and White House will try to maintain momentum in the job market while wrestling price gains under control. The Personal Consumption Expenditures index, the Fed’s preferred inflation gauge, […]
NEW DELHI — Some children have forgotten the alphabet or what their classrooms look like. Others have dropped out of school entirely, scrounging for work and unlikely to ever resume their studies. For years, India has been counting on its vast pool of young people as a wellspring of future growth, a “demographic dividend,” as […]
Continuing to rebound from the shocks of the pandemic, the nation’s economy expanded by 1.7 percent in the final three months of 2021, the Commerce Department announced Thursday. The figure, which was adjusted for inflation, reflects the growth in gross domestic product — the broadest measure of the goods and services produced. On an annualized […]
The International Monetary Fund urged El Salvador on Tuesday to end its recognition of Bitcoin as legal tender. Adopting a cryptocurrency in this way “entails large risks for financial and market integrity, financial stability and consumer protection,” the fund’s executive board wrote. The price of Bitcoin has fallen more than 50 percent from its peak […]
SpaceX will be getting to the moon a bit more than a month from now, far earlier than expected. But it’s all by accident, and it’ll cause a bit of a mess. SpaceX, the rocket company started by Elon Musk, has been selected by NASA to provide the spaceship that will take its astronauts back […]
A judge in Santa Clara County has granted Apple a temporary restraining order against a woman accused of stalking and threatening the company’s chief executive, Tim Cook. In court documents filed last week and first reported by The Mercury News, Apple accused the woman, a 45-year-old Virginia resident, of making increasingly alarming threats and statements […]
The “Mean Girls” tour made it to Oklahoma before it was knocked out by the coronavirus. At first, the production had been able to keep going by flying in alumni from its Broadway run, but ultimately the number of company members testing positive was just too high, so earlier this month the show decided to […]
The question of whether cash aid helps or hurts children is central to social policy. Progressives argue that poor children need an income floor, citing research that shows even brief periods of childhood poverty can lead to lower adult earnings and worse health. Conservatives say unconditional payments erode work and marriage, increasing poverty in the […]
The District of Columbia and three states sued Google on Monday, claiming that the tech giant deceived consumers to gain access to their location data. In separate lawsuits, the attorneys general of D.C., Texas, Washington and Indiana claimed that Google misled users of Android phones and of tools like Google Maps and its search engine […]
