The southeastern United States will be the first to see price rises at the pumps due to the supply disruption caused by the shutdown of the country's top fuel pipeline network - and demand has already picked up as drivers fill their tanks, industry experts said on Sunday. The attack forced Colonial Pipeline to shut down its entire system on Friday.
By Collin Eaton, James Rundle and David Uberti. The ransomware attack that forced the closure of the largest U.S. fuel pipeline this weekend showed how cybercriminals pose a far-reaching threat to the aging, vulnerable infrastructure that keeps the nation's energy moving. Colonial Pipeline Co. closed its entire 5,500- mile conduit carrying gasoline and other fuels from the Gulf Coast to the New York metro area Friday as it moved to contain an assault that involved ransomware,...
Inflation is in focus with this week's round of economic data. China's factory-gate prices are expected to surge in April. Economists polled by The Wall Street Journal are forecasting a rise in the producer-price index of 6.5% from a year earlier, in part because of a low base for comparison-- prices sank in April 2020 amid the coronavirus pandemic-- but also due to rapidly climbing costs for metals, oil and other materials.
The Biden administration plans to name Thea Lee, a former AFL-CIO trade official, to head the Labor Department's international affairs division, according to people familiar with the appointment. Lee, who most recently served as president of the Economic Policy Institute, a liberal think tank that often critiques free trade policies, is slated to become the deputy undersecretary for international labor affairs. In that job, she will oversee the bureau that investigates labor...
Policy makers on Sunday debated the root cause of a growing shortage of workers that threatens to restrain the pace of economic growth while the U.S. emerges from the Covid-19 pandemic. Many Republicans say enhanced and extended unemployment benefits are discouraging Americans from seeking work, especially in low-wage jobs where the aid often pays more than they earned at previous jobs. The Biden administration and Democrats say other factors, including lack of access to...
By Justin Baer| Photographs by Clark Hodgin for The Wall Street Journal. GREENVILLE, S.C.-- The pandemic is accelerating growth in midsize cities, positioning them to lead the charge in the nation's economic rebound. Even before Covid-19, these rising stars-- such as Greenville, Des Moines, Iowa, and Provo, Utah-- had been quietly building out vibrant economies in the shadow of bigger metropolises.
China will set up "a line of separation" at the summit of Mount Everest to prevent the mingling of climbers from COVID-hit Nepal and those ascending from the Tibetan side as a precautionary measure, Chinese state media reported on Sunday. Everest base camp on the Nepalese side has been hit by coronavirus cases since late April.
As U.S. stocks head into a seasonally rocky stretch, investors are gauging to what extent markets have anticipated a number of factors that could sway asset prices, from massive government stimulus to looming inflation.
WASHINGTON-- President Biden faces a crucial test this week of whether he can find any common ground with Republicans as he pushes trillions in spending on infrastructure, child care and education. The president is hosting top lawmakers at the White House to chart a path forward amid mounting GOP opposition to his agenda and calls from some Democrats to move his proposals through Congress without Republican support. The president has called for more than $4 trillion in spending...
A landslide at an artisanal gold mine has killed at least 15 people in northeastern Guinea, the government said on Sunday. The disaster took place on Saturday in remote Siguiri province, 800 km from the capital Conakry. In a statement the government said it had launched an investigation.
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