Delta Predicts Travel Rebound Will Stretch Past Summer
Delta Air Lines Inc. on Wednesday said strong demand for travel that offset higher costs helped the airline turn a profit in the second quarter.Delta’s operations were marked by stumbles...
U.S. Inflation Reached a New Four-Decade High in June, Economists Estimate
U.S. inflation is estimated to have reached a new four-decade high in June, but falling gasoline prices and discounting at some retailers could be signs of moderating price pressures, economists...
Gasoline, Groceries and Housing Drove Inflation in May
Prices for food, energy and shelter helped drive up the consumer-price index in May to the fastest annual pace in more than 40 years, undoing a slight easing in April,...
As Gas Prices Near $5 a Gallon, Record Fuel Costs Upend Businesses, U.S. Economy
As U.S. gasoline prices approach a record average of $5 a gallon, fuel costs are rippling through almost every corner of business, with signs emerging that the rising expenses are...
Europe’s Gas Market Is Still Counting on Russian Supplies
A disruption in the flow of Russian gas to Europe this year is suddenly all too easy to imagine.Europe’s natural-gas supply seems a lot less secure even than a few...
Grocery, Airfare Inflation Reached Historic Highs in April; Gas Prices Eased
Americans paid less for gasoline but more for groceries and air travel last month as the broader pace of inflation eased slightly but remained historically high. A fall in energy...
Hungary Holds Up EU Deal to Sanction Russian Oil
The European Union is struggling to finalize the terms of an oil embargo on Russia amid resistance by Hungary, whose leader claimed Friday that the proposed embargo would hit his...
Germany Drops Opposition to Embargo on Russian Oil
BERLIN—Germany is now ready to stop buying Russian oil, clearing the way for a European Union ban on crude imports from Russia, government officials said.Berlin had been one of the...
American, United Project Packed Planes This Summer
Airlines said they have reached a new juncture in their recovery from the Covid-19 pandemic, anticipating record revenue in the current quarter and a return to profits this year. American...
Where Inflation Rose, Cooled the Most in March
Gasoline and groceries helped drive up overall prices in March at the fastest monthly rate in nearly two decades, though consumers started to feel less of a price sting at...