Business

Facing stubbornly high gas prices that average about $5 a gallon nationwide, President Joe Biden on Wednesday urged Congress to suspend federal gasoline and diesel taxes for three months. If savings from the 18.4 cents-a-gallon federal tax on gas are fully passed along to consumers, drivers would save about $2.76 for a 15-gallon fill-up. It’s uncle...

In a pointed back and forth, the head of Chevron complained Tuesday that President Joe Biden has vilified energy firms at a time when gasoline prices are at near record levels and the president responded that the oil company CEO was being “mildly sensitive.” The president in recent weeks has criticized oil producers and refiners for maximizing prof...

With gas prices at historic highs, the Biden administration and Democratic lawmakers are considering giving drivers a break on federal gas taxes.

The DOJ claimed that Meta targeted users with housing ads based on algorithms that relied partly on characteristics protected under the Fair Housing Act.

The day after Transportation Secretary Pete Buttigieg met with airline leaders to quiz them about widespread flight disruptions, his own flight was canceled and he wound up driving from Washington to New York. “That is happening to a lot of people, and that is exactly why we are paying close attention here to what can be done and how to…...

The Towson, Maryland store is not one of Apple’s so-called “flagship” stores. It’s a smaller location inside a mall that serves a local population.

Airlines are canceling more than 1,500 flights across the U.S. in one of the worst days yet in the summer travel season. Cancellations were especially high Thursday in the New York City area, where forecasts called for a chance of storms late in the day. At least one-fourth of all flights were scrubbed at LaGuardia Airport in New York and...

UPS has unveiled a battery-powered, four-wheeled cycle to more efficiently haul cargo in some of the world’s most congested streets and to reduce its carbon footprint. The company unveiled the tiny delivery vehicles Tuesday in New York City. It said a trial run is focused on the city and several places in Europe. The slimmed-down vehicles loo...

In filings with the Securities and Exchange Commission, Compass announced a 10% cut to its workforce, and Redfin announced an 8% cut.

Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market. Rising interest rates, the war in Ukraine and China’s economic slowdown are leading investors to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to industrial congl...

Wall Street opened the week with heavy losses that put the benchmark S&P 500 at a level considered to be a so-called bear market. Rising interest rates, the war in Ukraine and China’s economic slowdown are leading investors to reconsider what they’re willing to pay for a wide range of stocks, from high-flying tech companies to industrial congl...

It marks the fourth new alcoholic drink in Coke’s portfolio in less than two years.

Most Gen Zers and millennials really do want to own a home someday, if not right now. Their biggest roadblock is affordability, a recent Bankrate survey says.