Price-Gouging Oil Companies Need to Pay a Windfall Tax

Price-Gouging Oil Companies Need to Pay a Windfall Tax

A Chevron gas station on Tuesday, March 8, in Tustin, Calif. The average price of a gallon of self-serve regular gasoline in Los Angeles County rose 8.9 cents Tuesday, its 30th record in 32 days. (Gary Coronado/Los Angeles Times) Subscribe to the nation Subscribe now for as little as $2 a month! Thank you for … Read more

Boris Johnson: Conflict in Ukraine could be the 'biggest war in Europe since 1945'

Boris Johnson: Conflict in Ukraine could be the 'biggest war in Europe since 1945'

A Russian invasion of Ukraine would lead to sweeping economic sanctions on Russian companies, preventing them from trading with US dollars and UK pounds, UK Prime Minister Boris Johnson said Sunday. The impact of sanctions will extend beyond Russian President Vladimir Putin’s inner circle to “all companies and organizations of strategic importance to Russia,” Johnson … Read more

European Union scrambles to patch up relations at Africa summit

European Union scrambles to patch up relations at Africa summit

Press play to listen to this article It is not easy to pinpoint the nadir of the EU’s great pivot to Africa. The shift in Europe’s focus was trumped with great fanfare by Commission President Ursula von der Leyen and Council President Charles Michel at the start of their mandates in December 2019. But the … Read more

Some companies can’t get employees to stay even when they throw millions at them. Here’s why

Some companies can’t get employees to stay even when they throw millions at them. Here’s why

Wall Street is hemorrhaging money, and it has nothing to do with the markets. America’s heralded financial institutions are feeling the effects of The Great Resignation, and they’re padding year-end bonuses and salaries like never before in an attempt to get their workers to stay. The five biggest investment banks paid out $142 billion in … Read more

3M, T. Rowe, and 7 More Companies That Raised Their Dividends This Week

3M, T. Rowe, and 7 More Companies That Raised Their Dividends This Week

Text size Dupont said it will increase its quarterly dividend by 10%. Mark Makela/Getty Images Interpublic Group of Companies† Kimco Realty†and DuPont de Nemours were among the larger US companies that declared dividend increases this week. Others included 3M† T. Rowe Price†Yum! Brands, and Hasbro† Interpublic Group of Companies (ticker: IPG), whose businesses include marketing … Read more

Why do companies buy back shares? BP set for share buyback after profits surge

Why do companies buy back shares? BP set for share buyback after profits surge

Energy giant BP has reported record soaring profits on the back of rocketing gas and oil prices, sparking anger as millions of UK households face eye-watering utility bills. The multinational oil and gas producer announced that its annual profits hit an eight-year high of $12.8 billion (£9.45 billion) in 2021, as wholesale energy prices shot … Read more

ALEC Is Driving Laws to Blacklist Companies That Boycott the Oil Industry

ALEC Is Driving Laws to Blacklist Companies That Boycott the Oil Industry

Traders work on the floor of the New York Stock Exchange on January 31, 2022, in New York City. After a volatile week, the Dow Jones Industrial Average was down slightly in morning trading. (Spencer Platt/Getty Images) This story originally appeared in The Guardians and is part of Covering Climate Now, a global journalism collaboration … Read more

Energy companies share simple tips to reduce bills including changing the way you use kettle and shower

Energy companies share simple tips to reduce bills including changing the way you use kettle and shower

Energy bills will increase by hundreds of pounds a year across the UK. With households facing an annual £693 increase from April, we’re all thinking about ways to cut costs. And some energy suppliers have given their tips for saving energy and money, including very simple tips. Click here for the latest money news They … Read more

Self-driving car companies zoom ahead, leaving U.S. regulators behind

Self-driving car companies zoom ahead, leaving U.S. regulators behind

By David Shepardson, Hyunjoo Jin and Joseph White WASHINGTON/SAN FRANCISCO (Reuters) – Self-driving car companies, from Tesla Inc to General Motors Co’s Cruise, are racing to monetize their technology, surpassing the efforts of regulators and Congress to write traffic regulations for robotic vehicles. Cruise said Tuesday that SoftBank Group Corp. will invest an additional $1.35 … Read more