Business and Economic News

Biden says he worries that cutting oil production too fast will hurt working people
"On the surface it seems like an irony," Biden said of calling on major producers to pump more oil even as he heads to the climate summit. "But the truth of the matter is ... everyone knows that idea that we're going to be able to move to renewable energy overnight ... it's just not rational."
The video game platform Roblox says it's back online after outage
The massive online video game platform Roblox appears to still be down, the result of an outage that started last week. The company said Sunday it was working to bring certain regions back online.
American Airlines cancels hundreds of weekend flights
American Airlines canceled hundreds of flights Sunday for a third straight day as it struggled with staffing shortages and upended weekend plans for tens of thousands of travelers.
Under new ownership, Ebony magazine bets on boosting Black business
Ebony magazine is turning 76 years old. With new owners, the legacy publication is rebooting to reach and uplift Black audiences with a focus on financial literacy and building wealth.
U.S. reaches deal with European Union over steel and aluminum tariffs
The U.S. and the European Union have reached an agreement to settle their diplomatic rift over Trump-era steel and aluminum tariffs, the White House announced Saturday, as President Joe Biden is in Rome attending the Group of 20 summit.
G-20 leaders to tackle energy prices, other economic woes
The presidents and prime ministers representing 80 percent of the global economy will confront a recovery hampered by an energy crunch that's spurring higher fuel and utility prices, new COVID-19 outbreaks and logjams in supply chains. President Joe Biden has said he wants to press other leaders on high oil prices.
White House looks to protect U.S. financial systems from climate change risk
The cost of climate-change-enhanced weather disasters is hitting taxpayers and companies directly. Now the White House is taking steps to protect the country’s financial systems from such risks.
ExxonMobil’s chief executive says his company “does not spread disinformation regarding climate change″ as he counters congressional allegations the industry concealed evidence about the dangers of it.
What’s on the ballot: Rent control
Rent stabilization is on the ballot in Minneapolis and St. Paul. Guest host Chris Farrell talks with supporters and opponents of St. Paul’s proposed new ordinance — should residential rent increases be capped at 3 percent annually? If St. Paul becomes the first city in the country to stabilize rents this way, will other places follow suit?