Echoes of the ’70s in what’s now the largest oil shock ever
The 1973 embargoed oil accounted for about 7% of global oil consumption. Now, closer to 20% of the world’s supply is threatened.
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The 1973 embargoed oil accounted for about 7% of global oil consumption. Now, closer to 20% of the world’s supply is threatened.
The average price for a gallon of gasoline jumped 11 cents overnight to about $3.11 in the U.S., according to motor club AAA.
The average price for a gallon of gasoline jumped 11 cents overnight to about $3.11 in the U.S., according to motor club AAA.
From Sweden to Brazil, six small companies tell how they’re communicating with their U.S. customers amid uncertainty over President Trump’s changing tariffs.
Although Trump has paused some tariffs, China was the outlier, as he has kept in place 145% tariffs on the world’s second-largest economy.
The already battered spirits industry will see its supply squeezed if tariffs raise import costs and other countries’ retaliation closes off export markets.
Dockworkers at 29 West Coast ports have ratified a new six-year contract, bringing labor peace that experts said should help attract more business and jobs.