Month: August 2022

High crude prices are infusing Saudi Arabia with billions of dollars in cash, fueling record profit at its national oil company, lending fresh momentum to the country’s ambitious economic makeover and strengthening its geopolitical power.

Hits such as “Top Gun: Maverick” and “Jurassic World Dominion” have shown this summer that audiences will return to the auditorium for films they want to see. And studio chiefs are seeking to capitalize on the big screen now that people are embracing prepandemic experiences.

Medicare will negotiate some drug costs and cap seniors’ prescription payments under the Inflation Reduction Act that passed in the House.

The $42 billion broadband plan, part of the $1 trillion infrastructure bill signed by President Biden last November, is delayed by a lack of accurate maps showing gaps in service.

The supply of available workers is headed in the wrong direction as the Federal Reserve strives to cool the labor market and bring down high inflation.

The ultracompetitive U.S. market is prompting streaming services to seek new ways to find subscribers.

U.S. consumer sentiment rose in early August, continuing its climb from a record low earlier this summer, the University of Michigan said.

Adam Smith’s invisible hand has been replaced by a muscular government arm, in which Washington uses tax credits, spending programs and other tools to nudge a market-driven economy.

GDP figures offer a fresh indication that the British economy is struggling under the weight of soaring gas bills and rising interest rates, with the Bank of England projecting a lengthy recession.