Inflation Remained High Amid Supply-Chain Woes
The consumer-price index accelerated slightly in September, rising 5.4% from a year before as pandemic-related shortages of labor and materials continued to push up prices.
Stocks Waver Amid Inflation Data, Major Earnings
U.S. share benchmarks were mixed after fresh consumer-price data boosted the view that the bout of elevated inflation might last longer.
L.A. Port to Operate Around the Clock to Ease Logjams, White House Says
The White House is expected to announce a pledge from one of the country's busiest ports to operate around the clock, a move aimed at easing cargo bottlenecks that have led to shortages and higher consumer costs.
Gas Crisis Prompts Fresh Proposals From EU
The bloc's executive arm laid out various actions that could be taken at EU or national level to prevent energy price shocks, as political pressure builds on member governments to stem the higher costs.
This Oil and Gas Road Map Could Lead Planners Astray
The International Energy Agency's latest World Energy Outlook is a rallying call for politicians to act on climate change but its projections illustrate why the coming transition could be full of potholes.
Social Security Benefits to Rise by Highest Amount in 40 Years
Seniors and other Americans receiving Social Security will see a 5.9% increase in their payments next year, reflecting surging inflation during the pandemic.
Russia Shows Its Growing Sway Over Global Energy Markets
Russia, the world's largest exporter of gas in the world and the source of more than a third of Europe's gas, has emerged as a critical supplier with the power to quickly alleviate the continent's gas deficit.
Eurozone Industrial Output Hit by Supply Constraints
Eurozone industrial production fell 1.6% in August due to supply-chain bottlenecks and slowing global trade, although the decline wasn't quite as bad as forecast.