The final wave of the Permian Basin oil boom is expected to add the equivalent of Iran’s total output to global production. That growth, however, will look more like a trickle than a gusher — taking years to ramp up and underscoring OPEC+’s grip on the market for now.
A 24-hour cease-fire between Sudan’s military and a paramilitary group appeared to be only partially observed in the capital Khartoum, indicating the deadly conflict for control of the North African country is far from over.
The head of New York’s Metropolitan Transportation Authority is urging state lawmakers to end their budget wrangling and fix the transit agency’s finances.
US sales of bonds designed to help companies do good are plunging amid pressure from investors and Republican politicians.
Oil clung to a slim gain as a weaker demand outlook blunts the impact from OPEC+ production cuts.
President Joe Biden blasted the proposals House Speaker Kevin McCarthy offered in a speech to Wall Street, saying the Republican plan would slash benefits for the working and middle classes while causing economic chaos.
New Zealand is on the verge of a recession as its aggressive rate increases take a toll on the economy. Across the Tasman Sea, the mood is brighter as Australia opts for a softer stance that has markets taking heed.
Some of Georgia’s “alternate” 2020 electors have told prosecutors that one group member engaged in illegal conduct, according to a court filing by the district attorney investigating President Donald Trump’s efforts to change the state’s election outcome.
Ecuador’s President Guillermo Lasso said he’ll dissolve congress if he faces removal in the current impeachment trial, escalating a political fight with opposition lawmakers.
Health-care giant Johnson & Johnson may be forced to start defending itself in court again after a 19-month pause imposed on more than 40,000 lawsuits that claim its baby powder caused cancer.
