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Oil is Near $100. Shale Isn't Coming to the Rescue.
Frackers are constrained by investor payouts, inflation and interest rates, keeping spending in check. Source link
Fuel Prices Are Soaring: Who Is Feeling the Pinch?
Production cuts made by OPEC and its allies have pushed crude oil to 10-month highs. Source link
Ukraine's Farmers Count the Cost of Grain Deal's Collapse
Russia’s exit from the Black Sea export agreement and its attacks on Ukrainian ports have led to lower income and higher costs in Ukraine’s agriculture
Dick's Sporting Goods Blames Theft for Profit Woes
The retailer’s second-quarter earnings fell short of expectations and it incurred a fresh round of severance expenses from recent job cuts. Source link
The Panama Canal Has Become a Traffic Jam of the Seas
More than 200 vessels are stuck on either side of the waterway as a serious drought cuts crossings. Source link
Beijing Is Caught in a Catch-22 as Economy, Currency Stumble
China wants to boost its sluggish economy and keep its currency stable, but that is proving a difficult juggling act. Source link
After Pulling Inflation Down, Gasoline and Food Threaten to Nudge It Up
What to Read Next Source link
Rising Oil Prices Are Bad News for Drivers—and the Fed
America faces a familiar foe in its fight against inflation, with crude prices up more than 18% over the past month. Source link
Why Bacon Might Get More Expensive
Wholesale pork-belly prices are surging as the state’s new animal-welfare measure takes effect. Source link
U.S. Steelmakers Are Still Expanding as Demand Slows
Nucor, U.S. Steel and others are counting on infrastructure projects and auto production to raise demand. Source link
