Year: 2022

The Saudi oil giant said its net income rose 80% in the first quarter of this year, as state-owned oil giants reap profits from an energy-price boom caused by Russia’s invasion of Ukraine.

The U.S.-EU Trade and Technology Council had its first meeting in Pittsburgh last fall, which participants said helped forge ties that proved critical when the two economies joined to impose sanctions on the Kremlin following its Feb. 24 attack on Ukraine.

Many managers leading the company’s roughly 4,700 U.S. stores have been in their roles for at least a decade, and Walmart executives say they need to find a new generation to replace them.

Social media has grappled with phony accounts for years, raising questions about why Tesla CEO Elon Musk is talking about them again now.

Stock awards pushed median compensation to a sixth-straight record, and nine CEOs got packages of $50 million or more.

House Democrats plan to fast-track a vote on relaxing regulations for baby formula provided under the WIC federal nutrition program in an effort to boost availability.

While supply disruptions are subsiding, without slower demand, inflation will still be too high for the Fed’s comfort to stop raising interest rates.

Ford sold 7 million Rivian shares at a price of $26.88, the company says. That followed an 8-million-share sale earlier in the week at about the same price.