The U.S. Army Corps of Engineers suspended SpaceX's application to expand its South Texas rocket launch site, saying the company failed to supply information on how the expansion would impact the environment in and around the Boca Chica property.
Energy giant Shell said it expects to take a hit of up to $5 billion in the first quarter of 2022 following its decision to leave Russia in response to President Vladimir Putin's unprovoked invasion of Ukraine.
After the Treasury decided to block the Kremlin from using its dollar reserves, Russia's creditors face the unappetizing prospect of accepting debt payments in rubles, a currency whose value is highly exposed to changes in the geopolitical arena.
The six oil companies whose executives testified about gas prices before the House Energy and Commerce Committee on Wednesday contributed a total $383,000 in support of the lawmakers questioning them, 97% of which went to Republicans, and more than a third to just one Congresswoman.
Plagued by unresolved supply chain problems, companies are already stocking up for the holiday season to avoid last year's delay. But as retailers order early—or order more than they did last year to compensate—the result can be a self-fulfilling prophecy.
The airline industry has been pushing the Biden administration to let the federal mask mandate for public transportation expire as scheduled on April 18, but multiple public surveys suggest that the majority of Americans are still not quite ready to see it go.
Jim McIngvale, the Houston furniture mogul known as "Mattress Mack," likes to place multi-million-dollar wagers on marquee sporting events such as the Super Bowl, March Madness and the World Series linked store promotions. But he's not leaving it to chance—he wins either way.
A new Covid-19 variant that combines two different omicron strains has been identified in the United Kingdom. The XE variant could be the fastest-spreading Covid variant yet, according to early data from British public health officials and the World Health Organization.
War, pandemic and sluggish markets hit the world's billionaires this year. There are 2,668 of them on Forbes' 36th-annual ranking of the planet's richest people—87 fewer than a year ago. They're worth a collective $12.7 trillion—$400 billion less than in 2021.
Many U.S. consumers will soon have their medical debt wiped from their credit reports, the three credit bureaus announced last month. Here's how medical debt reporting is changing, and how you can manage medical bills to prevent lasting financial damage.